Heidrick & Struggles International, Inc. (Nasdaq: HSII) is the world's premier provider of senior-level executive search and leadership consulting services, including talent management, board building, executive on-boarding and M&A effectiveness. For more than 50 years, organizations around the world have relied on Heidrick & Struggles' expertise and quality of service to help assemble and maintain powerful and diverse leadership teams. The company is headquartered in Chicago, Illinois, but -- working through a network of more than 60 offices in 30 countries around the world -- has the resources and contacts necessary to conduct a global, multinational, national, or local market searches and consulting projects.
The long-term growth prospects for the executive search industry are expected to be driven by a number of secular trends. These trends include the globalization of businesses and the growing shortage of talent in both developed and emerging markets, increasing turnover and shorter tenures of executive management positions as a result of volatile market conditions and increasing regulatory and audit committee demands, as well as the retirement of the baby boomers.
Heidrick & Struggles believes it can grow faster than the industry given the company's premier brand, industry tenure, international diversification and leadership position. The company has built its reputation as the world's premier executive search firm by working at the top, recruiting senior-level executives for a broad spectrum of client organizations representing every industry.
A primary objective for the company in 2007 is to accelerate profitable revenue growth globally through a combination of winning more searches, improving the productivity of its search teams and increasing the average fee per search. The company also aims to expand its operating margins through continued improvements in productivity and continued cost reduction initiatives.
For more information on the company, visit www.heidrick.com.
