FONT-SIZE Plus   Neg

Heidrick & Struggles CEO Kevin Kelly Resigns

Heidrick & Struggles International Inc. (HSII), 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
International Business Machines Corp. (IBM) Monday predicted that Cyber Monday online sales would grow by more than 18 percent compared to 2014. Driven by a surge in mobile shopping, consumers indicate that Samsung, Sony and LG TVs as well as Apple Watch and Beats by Dre are at the top of their shopping... As the Black Friday din settles down, it is time to look back at how various players and products fared and Adobe has offered some insight into just that. Mobiles and smartphones sold like hot cakes, according to online shopping data released by Adobe. After nearly a 2-year hiatus following its announcement that it is testing unmanned drones, Amazon finally offered a glimpse into the prototype and its functioning. It remains to be see if the company can work around regulatory hurdles to make it a reality.
comments powered by Disqus
Trade HSII now with 
Follow RTT