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
Cable-cutters have now one more reason to do so as live television streaming will be available on YouTube TV in 14 more markets in the U.S. Facebook Chief Operating Officer Sheryl Sandberg has donated nearly $100 million in Facebook shares to charity. This is her second charitable donation within a year. A document was filed on Thursday with the Security and Exchange Commission, which shows that Sandberg transferred shares to a special fund she uses for charitable donations. Ford Motor Co.'s new CEO Jim Hackett has taken a more cautious approach to the automaker's plans for rolling out autonomous vehicles. Ford is currently undertaking a 100-day review of its operations and Hackett indicated at delays to the company's plans to launch a fully-autonomous vehicle by 2021.
comments powered by Disqus
Follow RTT