heidrick & struggles intl (HSI) Details
Heidrick & Struggles International, Inc. provides executive search and leadership consulting services worldwide. Its executive search services facilitate the recruitment, management, and deployment of senior executives. The company’s leadership consulting services include succession planning, executive assessment, talent retention management, executive development, transition consulting for newly appointed executives, culture shaping, and mergers and acquisitions human capital integration consulting. Its customers include Fortune 1000 companies; non-U.S. companies; middle market and emerging growth companies; governmental, higher education, and not-for-profit organizations; and other private and public entities. The company was founded in 1953 and is headquartered in Chicago, Illinois.
Last Reported Date: 05/9/13
Founded in 1953
heidrick & struggles intl (HSI) Top Compensated Officers
Chief Executive Officer, President and Direct...
Total Annual Compensation: $840.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $375.0K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $293.8K
Compensation as of Fiscal Year 2012.
Heidrick & Struggles International Inc. Announces Three Partner Appointments in its London Office
May 14 13
Heidrick & Struggles International Inc. announced the three Partner appointments in its London office. Lucy Harris has been named Partner within the Consumer Practice, Graham Smith will join the Industrial Practice and Seamus Hoar rounds out the new hires in the Legal, Risk and Compliance Practice. All three of these Partners possess extensive industry insight and depth of knowledge in each of their sectors, and understand how to create high-performing organizations as well as help clients prepare for and anticipate their future talent needs.
Heidrick & Struggles International Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013; Provides Earnings Guidance for the Second Quarter of 2013 and Tax Guidance for the Full Year of 2013
May 9 13
Heidrick & Struggles International Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenue of $107,308,000 against $112,318,000 for the same period in the last year. The revenue decline was primarily driven by an $8.1 million decline in Europe, partially offset by $5.6 million of revenue from Senn Delaney, the global leader in corporate culture shaping. Operating income was $389,000 against $3,186,000 for the same period in the last year. The year-over-year decline reflects lower net revenue, particularly in Europe, and an increase in general and administrative expenses, partially offset by a decrease in salaries and employee benefits expense. Income before income taxes was $85,000 against $4,488,000 for the same period in the last year. Net loss was $1,215,000 or $0.07 per basic and diluted share against net income of $679,000 or $0.04 per basic and diluted share for the same period in the last year. Net cash used in operating activities was $69,060,000 against $99,074,000 for the same period in the last year. Capital expenditures were $945,000 against $2,350,000 for the same period in the last year. Adjusted EBITDA in the 2013 first quarter was $6.6 million compared to adjusted EBITDA of $7.6 million in the 2012 first quarter. The declines largely reflect the year-over-year decline in net revenue.
The company is forecasting 2013 second-quarter net revenue of between $110 million and $120 million. The company remains committed to returning to sustained growth and improved profitability.
The adjusted full year of 2013, expected annualized tax rate is approximately 58%, the tax loss carryforwards that are not permanent and can be used in the future when it begin to report operating profits in those regions.
Heidrick & Struggles International Inc. Announces Executive Appointments
May 9 13
Heidrick & Struggles International Inc. announced the arrival of Karen Pepping as Senior Vice President, Controller and Chief Accounting Officer, Karleen Mussman as Senior Vice President of Human Resources and Cynthia Lance as Senior Vice President and Deputy General Counsel. All three senior leaders will be based out of the firm's global headquarters in Chicago. Karen Pepping, will report directly to Chief Financial Officer, Richard Pehlke. She will be responsible for the company's accounting, financial reporting and tax functions worldwide. Pepping brings 27 years of experience, which includes senior finance roles at a number of world-class companies. Most recently, Pepping was Vice President, Finance & Accounting of AAR Corp. Karleen Mussman, will be responsible for leading the company's Human resources functions worldwide and will report directly to Executive Vice President, General Counsel and Chief Administrative Officer Stephen Beard. Mussman brings 22 years of human resources and management experience at leading organizations to the company. Most recently, she served as HR Leader, Americas at A.T. Kearney. Cynthia Lance, will assist in leading the company's Legal function worldwide and have the primary responsibility for providing legal support on corporate matters, including strategic and commercial transactions, regulatory, governance matters and securities compliance. Lance will also report directly to Stephen Beard.