Heidrick & Struggles International, Inc. (ticker: HSII, exchange: NASDAQ) News Release - 14-Nov-2000
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Heidrick & Struggles Launches Biotech/Genomics Specialty Practice
GREENWICH, Conn.--(BUSINESS WIRE)--Nov. 14, 2000--
Specialty Focus to Meet Increasing Leadership Demand in Fast-Growing Health Care Sector
Heidrick & Struggles International, Inc. (Nasdaq: HSII), the world's largest and premier executive search firm, today announced the launch of a new Biotech/Genomics specialty practice dedicated to delivering quality leadership to the global biotech industry.
Biotech/Genomics will be part of the company's Global Health Care Practice.
"The dramatic increase in requests from both private equity investors and the companies they invest in has produced heavy demand for senior-level talent," said Kevin Butler, Practice Managing Partner, Global Health Care Practice. "This need is particularly acute in the areas of biotechnology and genomics, two of the fastest growing segments of the health care industry."
The Biotech/Genomics specialty practice will be led by a team of partners located throughout the world: Kevin Butler and Bill Clemens, based in Greenwich, Conn.; Donald Biskin, Washington, D.C.; Mimi Hancock, Emeryville, Calif.; Arne Ferstad, Europe; Charles Moore, Asia-Pacific; Andreas Foller, Munich; and Wendy Costikyan, London. Tapping a global database of more than half a million people, the specialty practice will track the top biotech leadership throughout the world.
"In 2001, equity investment in the global biotechnology sector is forecasted to exceed $100 billion, or roughly a 10-fold increase over previous years. The market estimate for genomics-based goods and services will increase at an average rate of more than 30 percent through 2004 to reach $8.2 billion, up from $2.2 billion in 1999. This level of growth will mandate finding and attracting the best available executive leadership," said Butler.
Heidrick & Struggles' Global Health Care Practice combines extensive market knowledge and industry contacts with the firm's global resources to recruit talent for leading health care institutions and providers. With top-quality consultants and dedicated research associates, the Practice specialists work as an international team to identify key industry issues and trends as well as technological breakthroughs.
The 90-member Global Health Care Practice provides comprehensive coverage throughout the firm's worldwide network of offices. The Practice serves clients ranging from major multi-national companies to venture-backed start-ups that fall into seven core specialty areas: Health Care Delivery, Health Care Finance, Pharmaceutical, Medical Devices/Distribution, Emerging Technology, Research & Development, and now Biotech/Genomics.
A Wall Street Journal marketing department survey of senior-level decision makers in corporate America found that Heidrick & Struggles is viewed as the top-ranking executive search firm in the quality of candidates, reputation and value of services. Of the 30 major executive search firms surveyed, Heidrick & Struggles consistently outranked other firms in these three categories.
About Heidrick & Struggles International
Heidrick & Struggles International, Inc. is the world's largest and premier executive search firm, specializing in chief executive, board of directors and senior-level management assignments. Today, more than 1,000 Heidrick & Struggles professionals serve a broad range of organizations including Fortune 500 companies, financial institutions, major health care organizations, universities and not-for-profit organizations, leading mid-cap companies, and emerging growth companies from offices in over 75 locations throughout North and South America, Europe, the Middle East, Africa and Asia Pacific. For more information about Heidrick & Struggles, visit our web site at www.heidrick.com.
CONTACT: Heidrick & Struggles International, Inc.
Jeremy Garlington, 404/577-0962
jgarlington@heidrick.com
or
Fleishman-Hillard, Inc.
Angela Boudouvas, 212/453-2427
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