logo
Share SHARE
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
Gambling resorts operator Wynn Resorts Ltd. (WYNN), has again postponed the opening of its Wynn Palace casino resort in Macau to August. The opening of the $4 billion hotel project in Macau, the gambling hub in China, was initially planned on March 25, but was later dropped due to construction delays.... PepsiCo Inc., (PEP) Monday confirmed that it would bring back the Diet Pepsi with aspartame in the US stores in September, one of the latest efforts by the beverage giant to boost its slowing sales. The company said it would continue to sell sucralose-sweetened Diet Pepsi, which was launched last... Burger giant Wendy's Co. (WEN) Monday announced its entry in to the Brazilian market through a joint venture with affiliates of Sao Paolo-based Infinity Services and Starboard, one of Wendy's largest U.S. franchisees and a subsidiary of the fast-food company. Wendy's Brazil plans to hold the grand...
comments powered by Disqus
Follow RTT