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Heidrick & Struggles International Incorporated

Company type	Public
Traded as	Nasdaq: HSII S&P 600 Component
Industry	Executive Search, Management Consulting, Leadership Consulting & Culture Shaping
Founded	Chicago, Illinois, 1953; 71 years ago (1953)
Headquarters	Willis 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 $1,003.0 million (2021)
Net income	US $49.3 million (2018)
Number of employees	1,611 (2018)
Website	www.heidrick.com

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

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. Their first three clients were West Virginia Coal & Coke Corporation, Northern Trust and Continental Can.

The firm served as a launching pad for numerous companies in the 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.

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 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.
• 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.
• In April 2021, it acquired Business Talent Group (BTG).

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 (Press release). 2 January 2013. Retrieved 2015-12-03.
4. "Heidrick & Struggles Acquires Strategic Advisory Firm To Strengthen Global Leadership Consulting Expertise" (Press release). PR Newswire. Retrieved 12 September 2018.

• Executive search firms
• Business services companies established in 1953
• 1953 establishments in Illinois