Executive Vice President Krishnan Rajagopalan Appointed Acting CEO
CHICAGO, April 3, 2017 /PRNewswire/ -- Heidrick & Struggles (Nasdaq: HSII), a premier provider of
executive search, leadership consulting and culture shaping services worldwide, today announced that Chief Executive Officer
Tracy R.
Wolstencroft will take a three-month leave of absence for treatment of a benign lung condition.
Krishnan
Rajagopalan, Executive Vice President and Managing Partner – Executive Search, will serve as acting Chief Executive Officer
in Wolstencroft's absence. Rajagopalan leads Heidrick & Struggles' global Executive Search business and is a member of
the firm's Executive Committee. He previously served as head of Global Practices and played a key role in leading the
firm's Leadership Consulting business.
Richard Beattie, Chairman of the Board of Heidrick & Struggles, said: "Tracy is doing the
right thing. It is in the best interests of both Tracy and the company for him to take the time needed to focus on his
health. We wish him a speedy recovery, and we look forward to his return. We are fortunate that Krishnan is well
suited to take on the role of acting CEO, and the full board and management team have complete confidence in his ability to lead
Heidrick & Struggles."
Wolstencroft said: "Heidrick & Struggles is a talent-rich organization with a team-oriented culture, and we are in highly
capable hands with Krishnan and our Executive Committee. We have been effectively accelerating our strategy of delivering
premium leadership advisory solutions and insights to top organizations globally. We have a strong team in place to
continue our momentum."
Rajagopalan said: "Tracy has established a tremendous strategic framework for the firm, and I look forward to continuing to
work closely with him, the senior leadership team and the board in my capacity as acting CEO. We wish Tracy a speedy
recovery and return."
About Heidrick & Struggles
Heidrick & Struggles (NASDAQ: HSII) serves the executive talent and leadership needs of the world's top
organizations as a premier provider of leadership consulting, culture-shaping and senior-level executive search services.
Heidrick & Struggles pioneered the profession of executive search more than 60 years ago. Today, the firm serves as a trusted
advisor, providing integrated leadership solutions and helping its clients change the world, one leadership team at a time.
www.heidrick.com
Media Contact:
Jon Harmon - Vice President, Corporate Communications
+1 312.496.1593, jharmon@heidrick.com
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+1 312.496.1774, jcreed@heidrick.com
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