Heidrick & Struggles Inc - HSII STOCK NEWS

Heidrick & Struggles (Nasdaq: HSII) has successfully completed the acquisition of Atreus, a leading executive interim management firm in Germany. This acquisition is a strategic move to enhance Heidrick's On-Demand Talent segment, expanding its capabilities in the growing global talent market. The combined strengths of Atreus and Heidrick’s existing Business Talent Group will facilitate greater service offerings across Europe. CEO Krishnan Rajagopalan emphasized the importance of this acquisition for driving growth and addressing market demands, as 85% of surveyed executives anticipate increased use of on-demand talent services.

On January 13, 2023, Heidrick & Struggles (Nasdaq: HSII) announced the addition of two key personnel in the Americas: Regis Chasse as a partner in Washington, D.C., focusing on leadership development, and Luke Weaver as a principal in Toronto, specializing in financial services. Chasse brings over 20 years of experience in talent development, while Weaver has a strong background in investment management. These additions aim to enhance the firm's ability to support clients' leadership development and talent acquisition strategies in a challenging economic environment.

Heidrick & Struggles (Nasdaq: HSII) announced that Chief Financial Officer Mark Harris will participate in the Sidoti Virtual Investor Conference on January 18, 2023. Harris's presentation is scheduled from 3:15 to 3:45 p.m. Eastern Time. Investors can access the live webcast and presentation replay via the Investor Relations section of the company's website or through a provided link.

Heidrick & Struggles specializes in leadership advisory and talent solutions, addressing the needs of top organizations globally.

Heidrick & Struggles (Nasdaq: HSII) has opened a new office in Bogotá, Colombia, to enhance its operations in Latin America. Led by Roberto Hall, the office aims to support clients in Colombia, Ecuador, Panama, and Central America. The expansion is part of the firm's strategy to address the growing demand for executive search and leadership consulting in the region. With nearly 70 years of experience, Heidrick & Struggles is committed to providing innovative talent solutions that foster organizational growth across diverse sectors.

Heidrick & Struggles (HSII) announced an agreement to acquire Atreus, a leading provider of executive interim management in Germany, expanding its on-demand talent solutions into Continental Europe. The acquisition is set to strengthen Heidrick's market position and diversify its executive talent offerings. Atreus generated approximately $61 million in revenue in 2021 and will operate as a subsidiary led by Co-CEOs Harald Linné and Rainer Nagel. The deal is subject to regulatory approvals and expected to close in early 2023.

Heidrick & Struggles (Nasdaq: HSII) has appointed Carlos Vázquez as the new partner in charge of its Mexico City office, indicating a strategic expansion in Latin America. Vázquez, with a strong background in executive recruitment, previously led Mexico operations at a rival firm and has extensive experience in digital banking and investment banking at Goldman Sachs. His leadership aims to enhance revenue, foster growth, and develop integrated talent solutions for the firm's expanding Latin American client base.

The Route to the Top 2022 report by Heidrick & Struggles reveals that diversity among Fortune 100 CEOs remains low, with only 24% identifying as diverse. Despite 93% of executives valuing diversity more than three years ago, the percentage of women CEOs remains unchanged at 12%. Ethnic diversity slightly increased to 14%. The report indicates that 83% of current CEOs are first-time CEOs. The average CEO tenure rose to 6.8 years, but little change occurred in key demographics. The disparity between CEO and board diversity highlights the need for focused development of underrepresented leaders.

On November 10, 2022, Heidrick & Struggles (Nasdaq: HSII) announced the addition of Jason Henderson as a consultant in their Heidrick Consulting division in the Americas. With over 20 years of experience, Henderson specializes in executive assessment, C-suite team development, and board effectiveness, previously working at General Electric and Johnson & Johnson. His expertise will support private equity clients in achieving strategic objectives through enhanced human capital strategies, as highlighted by Andrew LeSueur, Global Managing Partner of Heidrick Consulting.

Heidrick & Struggles (Nasdaq: HSII) announced its Q3 2022 results, reporting net revenue of $255.2 million and diluted EPS of $1.02. Operating income was $28.3 million, with an operating margin of 11.1%. Despite unfavorable foreign exchange impacts, consolidated net revenue saw a 0.7% increase year-over-year on a constant currency basis. Cash and equivalents totaled $456.0 million, up 30.9% from a year ago, while the company anticipates Q4 revenue between $215 million and $235 million. A dividend of $0.15 per share was declared for Q4.