Heidrick & Struggles (HSII) announced that acting CEO Krishnan Rajagopalan has been appointed President and CEO, and will become a member of the Board. The firm also announced that Tracy Wolstencroft will assume the role of Chairman of the Board, succeeding Richard "Dick" Beattie, who will remain on the Board as Lead Independent Director. Wolstencroft recently took a medical leave of absence. The company said, while Wolstencroft is responding well to the treatment regimen, more time is required for a complete recovery.
Richard Beattie said, "We are thankful that Tracy's recovery is progressing well. While we are disappointed that he will not return as our CEO, we understand and respect his decision."
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Business News
December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.