Heidrick & Struggles

Heidrick & Struggles International Incorporated is an international executive search firm headquartered in Chicago, Illinois, United States. The firm also has a consulting practice focused on leadership and shaping corporate culture.

Heidrick & Struggles International Incorporated
Public
Traded asNASDAQ: HSII
S&P 600 Component
IndustryExecutive Search, Leadership Consulting & Culture Shaping
FoundedChicago, Illinois (1953)
HeadquartersWillis Tower
Chicago, Illinois, United States
Key people
Gardner Heidrick, Founder
John Struggles, Founder
Krishnan Rajagopalan, CEO
Tracy R. Wolstencroft, Chairman
Gerard Roche, Former Senior Chairman
Revenue US $735.6 million (2018)
US $49.3 million (2018)
Number of employees
1,611 (2018)
Websitewww.heidrick.com

History

Heidrick & Struggles was founded in 1953 by Gardner Heidrick and John E. Struggles, both former employees of the management consulting firm Booz Allen Hamilton. [1] Their first three clients were West Virginia Coal & Coke Corporation, Northern Trust and Continental Can.

The firm served as a launching pad for many top companies in the modern executive search industry. In Spring of 1955, Heidrick & Struggles hired Spencer Stuart, who would eventually leave to start his own executive search firm, Spencer Stuart.

In 1957, Heidrick & Struggles began expanding outside of the Midwest with offices in Los Angeles, San Francisco and New York City. In 1968, the firm established an office in London, and now has more than 50 offices in six continents.[2]

In 1999, the firm became a publicly traded company on the NASDAQ.

Leadership

Gardner Heidrick retired in 1982, and John E. Struggles in 1986.

In 2014, the firm named Tracy R. Wolstencroft as President and Chief Executive Officer. He came to the firm after serving a 25-year career at Goldman, Sachs & Co. where he was a partner from 1994 – 2010. In 2017, Wolstencroft became Chairman and Krishnan Rajagopalan was named the new Chief Executive Officer.

Acquisitions
  • In December 2012, Heidrick & Struggles acquired for $53.3 million[3] Senn Delaney, a leading firm in corporate culture shaping, as part of a strategy to build a professional services firm focused on serving the leadership of top international organizations.
  • In October 2015, Heidrick & Struggles acquired London-based leadership consultancy Co Company. .[4]
  • In Feb 2016 the firm acquired Decision Strategies International (DSI), a leadership advisory firm
  • In Aug 2016 it acquired JCA Group, a London-based executive search advisory firm.
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References
  1. "Who We Are Continued | Heidrick & Struggles". www.heidrick.com. Retrieved 2015-12-03.
  2. Jenn, Nancy Garrison (2005-04-01). Headhunters and How to Use Them: A Guide for Organisations and Individuals. John Wiley & Sons. ISBN 9781861977342.
  3. "Heidrick & Struggles Acquires Senn Delaney, the Leading Corporate Culture-Shaping Consulting Firm". GlobeNewswire News Room. Retrieved 2015-12-03.
  4. "Heidrick & Struggles Acquires Strategic Advisory Firm To Strengthen Global Leadership Consulting Expertise". PR Newswire. Retrieved 12 September 2018.
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