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Heidrick & Struggles International Inc (HSII) is a global leadership advisory pioneer specializing in executive search and talent solutions. This news hub provides investors and professionals with essential updates about the company's strategic initiatives, leadership appointments, and market positioning.
Access official press releases covering earnings reports, partnership announcements, and service innovations. Our curated collection helps stakeholders track developments in executive recruitment strategies, leadership consulting methodologies, and global talent trends shaping the human capital sector.
Key updates include board-level changes, regional expansion plans, and recognition of industry leadership. All content undergoes strict verification to ensure compliance with financial disclosure standards while maintaining accessibility for both institutional investors and individual stakeholders.
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Heidrick & Struggles (Nasdaq: HSII) has appointed Liz Duggan as Partner in its Financial Services Practice. Duggan, based in London, brings over 20 years of experience in executive search, specializing in corporate and investment banking. She will focus on identifying top talent and advising on their onboarding, management, and mentoring. Wolfgang Schmidt-Soelch, Regional Managing Partner for Financial Services, praised Duggan's extensive industry knowledge and experience. Duggan expressed her excitement about joining Heidrick & Struggles during a transformative time in the investment banking landscape.
Heidrick & Struggles (Nasdaq: HSII) announced that CFO Mark Harris will depart in August 2024 to pursue other opportunities. Harris, who joined in 2018, will stay until his successor is found to ensure a smooth transition. CEO Tom Monahan praised Harris for his contributions to the company’s financial management and growth. A search for a new CFO is underway. Despite the leadership change, the company reiterated its Q2 2024 revenue outlook, expecting net revenue to be between $255 million and $275 million.
Heidrick & Struggles (Nasdaq: HSII) has released its Board Monitor US 2024 report, highlighting significant trends influencing US board agendas. A major finding is the increasing impact of the workforce, with 50% of respondents noting greater influence on board decisions post-Covid. Additionally, 81% of US CEOs and board directors support direct engagement with employees beyond senior management. The report also reveals that 70% of boards are more operationally involved, and there is a growing reliance on external experts, with 30% adding specialists to their boards. Workforce attraction and retention have become critical concerns for directors, ranking just behind geopolitical and economic uncertainties.
Heidrick & Struggles International, Inc. reported strong first quarter 2024 results with a quarterly revenue of $265 million, an 11% year-over-year growth, and a diluted EPS of $0.67. The company declared a $0.15 per share cash dividend. Despite the acquisition of Atreus and businessfourzero, consolidated net revenue was $265.2 million, up 11% from the previous year. Adjusted EBITDA was $25.9 million, with a margin of 9.8%. Net income was $14.0 million. CEO Tom Monahan highlighted double-digit revenue growth and solid margin performance. The company aims to leverage its assets to create more value for clients, people, and shareholders.
Heidrick & Struggles, a global leadership advisory firm, expanded its team by adding a partner and a consultant in the Americas. Stacy Hostetler joined as a partner in the Healthcare & Life Sciences Practice, focusing on medical devices and digital health. Adam Rubin joined as a consultant in the Purpose-Driven Change practice, focusing on integrating purpose, strategy, and culture. Both appointments bring extensive industry experience to provide innovative talent solutions and drive organizational impact.
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