Seasoned Executive Brings Broad Leadership Experience and Strong Track Record of
Managing Global Professional Services Teams
CHICAGO, Feb. 3, 2014 (GLOBE NEWSWIRE) -- Heidrick & Struggles International,
Inc. (Nasdaq:HSII), the premier professional services firm focused on serving
the leadership needs of top organizations globally, today announced that Tracy
R. Wolstencroft has been named President and Chief Executive Officer. He has
also joined the Heidrick & Struggles Board of Directors. Jory Marino, who has
been serving as Interim CEO, will continue with the firm in a leadership role.
Wolstencroft, 55, joins Heidrick & Struggles following a 25-year career at
Goldman, Sachs & Co. A partner at Goldman from 1994 to 2010, he served on the
Firmwide Partnership Committee, the Investment Banking Operating Committee, and
the Asia Management Committee. During his career, he led a wide range of
businesses in the United States and abroad, including Investment Banking
Services, Environmental Markets, Latin America, Public Sector and Infrastructure
Banking, and Fixed Income Capital Markets. While living in Asia from 1998 to
2002, Wolstencroft was President of GS Singapore, co-head of investment banking
in Japan, head of Asia financial institutions, and a leader of the firm's
strategy in China. In 2010, he retired from the firm, becoming an Advisory
Director and Chairman of the Clean Technology and Renewables business. He
currently serves on the Boards of the Brookings Institution, the National
Geographic Society, and the International Rescue Committee.
Richard Beattie, Chairman of the Board of Heidrick & Struggles, said, "Tracy
Wolstencroft is a multi-talented executive who brings strong leadership
capabilities and a proven ability to manage a global client-service
organization. Tracy embodies all of the characteristics we were looking for in
our next CEO, and we are confident that our clients, employees and shareholders
will benefit from his perspective, capabilities and commitment to excellence. He
has an extensive global network, deep boardroom experience, and an outstanding
reputation for delivering good counsel to senior leaders and organizations
across a wide range of industries and geographies. We believe he is a great
cultural fit and are delighted to have him join Heidrick & Struggles."
Beattie added, "On behalf of the entire Board and organization, I want to thank
Jory Marino, a key member of the senior executive team, for his important
contributions to the firm during this interim period. We are pleased we will
continue to benefit from Jory's talents and expertise as he continues in a
leadership role."
Wolstencroft said, "Heidrick & Struggles has a great franchise and a premium
brand, and I look forward to working with its talented team to help the firm
achieve its full potential. My focus will be on sharpening our strategy,
energizing the team, fostering collaboration and teamwork, and building on our
talent while increasing efficiency. We will drive innovation across the
organization to ensure our global client base receives the unparalleled
expertise and service it needs to help build winning leadership teams. At the
same time, we will be focused on leveraging an iconic brand to deliver
significant long-term value to shareholders. I firmly believe in the power of
this unique organization and that its best days lie ahead."
About Heidrick & Struggles International, Inc.
Heidrick & Struggles International, Inc. (Nasdaq:HSII) is the premier provider
of senior-level Executive Search, Culture Shaping and Leadership Consulting
services. For 60 years, we have focused on quality service and built strong
leadership teams through our relationships with clients and individuals
worldwide. Today, Heidrick & Struggles' leadership experts operate from
principal business centers in North America, Latin America, Europe and Asia
Pacific. For more information about Heidrick & Struggles, please visit
www.heidrick.com.
CONTACT: Media Contact: Jon Harmon
        +1 630.815.6586
        jharmon@heidrick.com
        Investor Relations Contact: Julie Creed
        +1 312.496.1774
        jcreed@heidrick.com
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Source: Heidrick & Struggles International, Inc. via GlobeNewswire
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