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Heidrick & Struggles CEO Kevin Kelly Resigns

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7/15/2013 4:42 PM ET

Heidrick & Struggles International Inc. (HSII: Quote), Monday said its Chief Executive Officer Kevin Kelly has resigned from the top position and also quit from the company's board.

The company has appointed Jory Marino, Regional Leader of Americas, to serve as Interim CEO.

The company also said that it expects second-quarter net revenue to be at the high end of its guidance range of $110 million to $120 million. Analysts polled by Thomson Reuters currently estimate revenues of $114.60 million for the quarter.

Heidrick's Board of Directors has concluded its previously announced exploration of strategic alternatives, including discussions with third parties regarding a potential transaction, and has determined that at this time a standalone strategy is the best way to maximize value for shareholders.

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by RTT Staff Writer

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