Heidrick & Struggles

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Heidrick & Struggles International Incorporated
Type Public
Traded as NASDAQ: HSII
Industry Executive Search & Leadership Consulting
Founded Chicago, Illinois (1953)
Headquarters Willis Tower
Chicago, Illinois, USA
Key people Gardner Heidrick, Founder
John Struggles, Founder
Tracy R. Wolstencroft, Chief Executive Officer
Gerard Roche, Former Senior Chairman
Revenue Increase US $554.0 million (2011)
Net income Increase US $33.7 million (2011)
Employees 1,506 (2010)
Website www.heidrick.com

Heidrick & Struggles International Incorporated is a global executive search firm. The company is the first leadership advisory firm in the world. In terms of 2011 revenue, the company is the world's second largest publicly held executive-search firm.[1] It is one of the "Big Five" global generalist retained executive search firms.[2] The company claims to provide services to a wide spectrum of industries, and focuses on identifying, evaluating, and recommending candidates for senior level executive positions for corporations and enterprises around the world. Heidrick & Struggles is noted for some of its high profile assignments and placements including recruiting Eric Schmidt in 2004 into the role of the CEO of Google.[3] A Wall Street Journal survey in 2000 ranked it as the best executive search firm in the world in terms of quality of candidates, reputation, and value of services among senior-level decision makers in corporate America.[4]

History

The company was founded in 1953 by Gardner Heidrick and John Struggles, both alumni of Booz Allen Hamilton. It is one of the oldest executive search firms in terms of year of foundation and the oldest of the five global executive search firms.[5] John Struggles had worked as a personnel manager for Montgomery Ward and later in President Dwight D. Eisenhower’s United States Department of Commerce. Heidrick recruited Struggles to be his partner, and they established the firm in Chicago. The company's first three clients were West Virginia Coal & Coke Corporation, Northern Trust, and Continental Can. The company converted its structure from a partnership to a corporation in 1957. In the late 1950s, the company hired Oscar Beveridge, who headed public relations at Booz Allen Hamilton, to further develop the company and he created the company's first brochure and thought leadership research pieces.[6]

While the company prospered in its early years, its operations grew at a relatively slow pace until the arrival of Gerard Roche in 1964. Roche introduced a methodical search for job openings. Roche led much of the company's growth during the 1960s to 1980s and served as its Senior Chairman until 2009.[7]

External links

References

  1. ↑ Lublin, Joann S. (2011-01-02). "Talent Poachers Raid Their Rivals - WSJ.com". Online.wsj.com. Retrieved 2011-07-05. 
  2. ↑ "Yale School of Management - Executive Search Firms". Mba.yale.edu. Retrieved 2011-07-05. 
  3. ↑ "Technology Briefing | Internet: Heidrick Says It Received Google Warrants - New York Times". Nytimes.com. 2004-05-12. Retrieved 2011-07-05. 
  4. ↑ "A Wall Street Journal Survey Ranks Heidrick & Struggles the Best Search Firm for Candidates, Reputation, and Value | Business Wire | Find Articles at BNET". Findarticles.com. 2000-05-01. Retrieved 2011-07-05. 
  5. ↑ "/ The Monday Interview - Rise of a headhunter". Ft.com. 2009-03-30. Retrieved 2011-07-05. 
  6. ↑ https://members.aesc.org/eweb/upload/AESC_50thanniversary_Article_FINAL.pdf
  7. ↑ "Gerald Roche: High-Powered Headhunter," Management Review, July 1994, p. 60.
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