Heidrick & Struggles International, Inc. (Nasdaq: HSII) ("Heidrick & Struggles", "Heidrick" or the "Company") today announced financial results for its third quarter ended September 30, 2024. Third Quarter Highlights: Net revenue of $278.6 million increased 5.9% year-over-year Adjusted EBITDA of $30.4 million Adjusted EBITDA margin of 10.9% "Our Heidrick colleagues delivered solid quarterly results, outperforming industry trends and reaching the upper end of our outlook. This performance reflects our team's sharp focus on market opportunities and client needs even as we implemented significant change across our organization," said CEO Tom Monahan. "Looking ahead, there is still much work to be done as we pursue growth opportunities in Executive Search, more tightly focus our suite of leadership solutions, and drive profitability and scalability across the portfolio." "This work will allow us to take advantage of a large and growing market opportunity as clients increasingly put leadership strategy at the heart of their corporate strategy.  With an iconic brand, deep expertise across regions and sectors, and a robust financial position, we believe Heidrick is well positioned to attract top talent and cultivate deeper and more durable client relationships. Combining these assets with disciplined execution will enable us to achieve sustained and profitable organic growth while enhancing long-term [...]

IIC Partners (www.iicpartners.com) is thrilled to announce the addition of Potrero Group to its global membership.  Based in the San Francisco Bay Area, Potrero Group is renowned for helping mission-driven organizations navigate complex challenges through strategic planning, board transformation, executive search, and leadership consulting.  Potrero Group, founded in 2011, primarily serves the environmental, social impact, and nonprofit sectors with a prestigious client base that includes the National Park Foundation, Conservation Law Foundation, the University of California, and Audubon Delta. Their expert team of consultants invigorates organizations with new perspectives and strategies, ensuring clients stay effective, relevant, and resilient over time. Potrero Group is a full-service firm with a holistic approach to organizational strategy and leadership development. The firm incorporates strategy into all its engagements—including executive search—delivering comprehensive, actionable outcomes that are grounded in strategic directions and choices. They regularly work on nationwide projects and are effectively positioned to collaborate with global offices across the IIC Partners network. Cleveland Justis, Managing Partner of Potrero Group, commented, “Joining IIC Partners allows us to bring our deep expertise in supporting environmental organizations, social entrepreneurs, and public-private partnerships to the global stage. We are excited to collaborate with partner offices on cross-border search assignments and address [...]

MU has been recognized as Finland's largest Executive Search firm, as highlighted in a recent publication by the Finnish business newspaper Talouselämä.  Talouselämä also published an article examining the trend of new CEO appointments among companies listed on the Helsinki Stock Exchange and the critical role of executive search firms, or headhunters, in these recruitments. Despite economic challenges impacting the executive search sector, resulting in fluctuations in turnover and profitability, headhunters continue to play a central role in most CEO searches. The article also notes the substantial fees associated with executive search services, often tied to the CEO's salary, which underscores the high level of responsibility and expertise these firms bring. A prominent topic in the article was the increased emphasis on diversity within recruitment processes. Executive search companies responding to Talouselämä’s inquiry indicated a heightened focus on diversity-related issues in recent years. Esko Oja, Partner and Team Director responsible for MU's Finnish operations, commented on this trend, stating: "Clients' awareness and focus on diversity has increased, but the situations and development stages of organizations vary greatly. However, recruitment cannot be based solely on diversity or representativeness; creating a tailored success profile in collaboration with the client is crucial.” In [...]

Spencer Stuart, a leading global executive search and leadership advisory firm, today announced that three new consultants are joining its global Healthcare practice in the Biopharma sector: Inge Berneke (Copenhagen) Kara Coluccio (Boston) Alyse Forcellina (San Francisco and New York) “We are thrilled to welcome Inge, Kara and Alyse to Spencer Stuart and the Healthcare practice,” said Alexis Stiles, leader of Spencer Stuart’s global Healthcare Practice and member of the Board and CEO Practice. “They each have a wealth of experience with identifying and developing innovative leaders, which is critical at this time of significant industry transformation.” “Collectively, Inge, Kara and Alyse will further strengthen our talented Biopharma team by bringing deep industry expertise, passion and proven track records as trusted advisors helping healthcare leaders address their most pressing leadership needs,” added Lynn LaPierre, leader of Spencer Stuart’s global Biopharma practice. Inge Berneke joins Spencer Stuart’s Copenhagen office with more than 20 years of executive search and leadership advisory experience. She focuses on C-suite recruitment, CEO succession, board services, executive assessments and development across lifescience, medical technology, medical services and biosolutions in listed companies, private equity, enterprise foundations, family- and founder-led companies, the government sector and more. Previously, Berneke was a [...]

Stanton Chase announces the opening of a new office in Adelaide, South Australia, led by Karlis Antons and Fiona Lavan.  This expansion into South Australia marks an important step in Stanton Chase’s strategic growth in the Asia-Pacific region. Australia’s economy features a strong domestic market on the east coast, dominated by financial services, education, life sciences, and FMCG-based manufacturing. The western third of the continent is characterized by outward-facing export industries such as agriculture, fisheries, natural resources, and energy.  Fiona Lavan, Managing Partner of Stanton Chase in Australia, commented, “Our expansion into South Australia enhances our ability to serve global clients in aerospace, advanced manufacturing, agricultural technology, space and defense, health and medical technology, and renewable energy sectors. We’re pioneering the recognition of these crucial business segments in the region.”  New Adelaide-based Partner, Karlis Antons, brings over 20 years of experience in corporate talent acquisition, HR business partnering, and global retained executive search. His career spans six continents and various industries, including roles at Netflix and BHP. Most recently, he served as Head of Global Talent Acquisition and Inclusion at Fleet Space Technologies, a space-tech scale-up.  Antons has cultivated expertise and a global network across mining and natural resources, space [...]