Heidrick & Struggles Inc - HSII STOCK NEWS

Heidrick & Struggles (Nasdaq: HSII) has announced significant leadership appointments effective January 1, 2025, spanning six practice areas and three regions. The appointments include key positions such as Regional Leaders for North America and Asia Pacific & Middle East, and a newly created Global Managing Partner role for Client Driven Growth.

The firm has appointed several Executive Search Global Practice Managing Partners across various sectors including Corporate Officers, Financial Services, Global Technology & Services, and Private Equity. Additionally, multiple Regional Practice Managing Partners have been named across the Americas, Asia Pacific & Middle East, and Europe & Africa regions.

The company has also designated new Partners-in-Charge for seven locations globally, including Beijing, Chicago, Dubai, Finland, Korea, New York/Stamford, and Washington, D.C. In Heidrick Consulting, Eric Joseph has been appointed to lead North America on an interim basis.

Heidrick & Struggles (Nasdaq: HSII) has expanded its global Climate & Sustainability Practice to enhance its sustainability offerings worldwide. The expansion includes the hiring of four new leaders in Europe: Uroš Zver, Rafe Jackson, William Gibbs, and Edmund Thomson Jones, all joining from True search firm.

Led by Scott Atkinson, the practice aims to help businesses address climate challenges and achieve sustainability goals. The new hires will strengthen the firm's capabilities in supporting high-growth climate tech ventures and established companies in their decarbonization efforts.

The expansion comes as the company prepares for COP30 and responds to rising demand for global executive talent in sustainability. The practice combines the firm's existing expertise in executive search and consulting to provide comprehensive leadership solutions for organizations navigating climate risks.

Heidrick & Struggles (Nasdaq: HSII) has appointed Nirupam Sinha as Chief Financial Officer, effective January 6, 2025. Sinha, currently CFO at Checkout.com, brings extensive experience in professional services, financial services, and technology. He previously served as Global Head of Product at T. Rowe Price and led practices at McKinsey & Company.

In his role at Checkout.com, Sinha oversees a 200+ member team across various financial functions. He holds a B.A. in Political Science from Yale University and an MBA from the Wharton School. The appointment aims to support Heidrick & Struggles' position as a trusted partner in leadership and talent decisions.

Heidrick & Struggles (Nasdaq: HSII), a global leadership advisory and talent solutions provider, has announced two significant investor events. CEO Tom Monahan will present at Needham's 4th Annual Virtual Consumer Tech/Ecommerce Conference on November 25, 2024, at 2:15pm ET. Additionally, the company will host its inaugural Investor Day on December 3, 2024, from 8:30am to 11:30am ET at the Nasdaq MarketSite in New York City. Both events will be accessible via public webcast through the company's investor relations website.

A new global survey by Heidrick & Struggles, BCG, and INSEAD reveals mixed progress in board governance across key challenges. While 77% of boards acknowledge their responsibility to address sustainability concerns, only 36% feel prepared for AI disruption, and 37% believe they have adequate geopolitical risk strategies.

The study highlights significant leadership tensions, with 29% of directors lacking faith in their CEO's ability to navigate uncertainty, while 26% of CEOs doubt their board's effectiveness. Half of the respondents express uncertainty about their company's readiness to identify new threats and opportunities related to sustainability, generative AI, and geopolitics. Despite 54% believing business objectives should remain primary, boards are increasingly recognizing the need to balance traditional governance with emerging challenges.

Heidrick & Struggles reported strong Q3 2024 financial results with net revenue increasing 5.9% year-over-year to $278.6 million. The company achieved growth across all business segments, with Executive Search revenue up 2.8%, On-Demand Talent up 12.6%, and Heidrick Consulting up 19.9%. Net income was $14.8 million with diluted EPS of $0.71. The company maintained strong profitability with an Adjusted EBITDA of $30.4 million and a margin of 10.9%. The Board declared a quarterly cash dividend of $0.15 per share. For Q4 2024, the company projects consolidated net revenue between $255 million and $275 million.

A new report by The Conference Board, ESGAUGE, Heidrick & Struggles, and Semler Brossy reveals increasing pressure on underperforming CEOs. 42% of S&P 500 companies that changed CEOs in 2024 had total shareholder returns below the 25th percentile, up from 30% in 2017. While women CEOs increased to 10% in S&P 500 companies, 69% lead smaller firms with revenue under $5 billion. The study shows 77% of new S&P 500 CEOs were internal hires, with external hires commanding 33% higher compensation. CEOs are staying longer, with succession rates for those 64+ dropping 8% in 2024, potentially indicating a future 'retirement cliff'.

Heidrick & Struggles (Nasdaq: HSII), a global leader in leadership advisory and on-demand talent solutions, has announced two important upcoming events for investors:

1. Q3 2024 Earnings Call: Scheduled for Monday, November 4, 2024, at 5:00pm ET. The call will discuss the company's third quarter financial results for 2024. Investors can access the call via webcast on Heidrick's website or by phone using the provided dial-in numbers.

2. Investor Day: Set for Tuesday, December 3, 2024, from 8:30am to 11:30am ET at the Nasdaq MarketSite in New York City. This event will feature presentations and Q&A sessions with Heidrick's management team. A live webcast will be available for those unable to attend in person.

Both events will be accessible through the investor relations section of Heidrick & Struggles' website, with webcasts and replays available.

Heidrick & Struggles International, Inc. (Nasdaq: HSII) has announced the appointment of Vijaya Kaza and Timothy Carter as independent directors to its Board of Directors, effective immediately. Concurrently, long-serving board member Lyle Logan will depart on September 26. Following these changes, the Board will consist of nine directors, with eight being independent.

Vijaya Kaza, currently Chief Security Officer & VP of Engineering - Trust and Safety at Airbnb, brings over 20 years of experience in the technology sector. Timothy Carter, former CFO of Piper Sandler Companies, has over 30 years of financial leadership experience. Both appointments are expected to enhance the Board's capabilities in areas such as digital transformation, cybersecurity, and financial expertise.

CEO Tom Monahan expressed enthusiasm for the new appointments, highlighting their potential contributions to the company's innovation and growth strategies across diverse industries.