Heidrick & Struggles International, Inc. (ticker: HSII, exchange: NASDAQ) News Release - 14-Dec-2001
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Heidrick & Struggles Reduces Size of Board
Resignations of Two Members Accepted
CHICAGO, Dec. 14 /PRNewswire/ -- Heidrick & Struggles International, Inc. Nasdaq: HSII), the world's premier executive search and leadership consulting firm, today announced that, as part of its plan to reshape its Board of Directors, it has accepted the resignations of two members -- Dr. John C. Viney and Mr. Robert Louis-Dreyfus -- to bring the size of the Board down to nine directors. Both resignations are effective December 12, 2001.
Viney, 54, who will retain his title of Chairman-Europe for Heidrick & Struggles, is stepping down from the Board of Directors to devote his full attention to his Heidrick & Struggles executive search activities, which focus primarily on identifying and placing CEOs, chairs, and non-executive directors for global boards, and to advising companies on the structure and composition of their boards.
Louis-Dreyfus, 55, is resigning because of a conflict.
As previously discussed in its 2001 proxy statement, Heidrick & Struggles intends to work toward achieving greater independence of its Board of Directors with an ultimate goal of a majority of its Board being comprised of independent directors. Therefore, it is anticipated that additional changes in the Board will be made over time.
About Heidrick & Struggles International, Inc.
Heidrick & Struggles International, Inc. is the world's premier provider of executive-level search and leadership consulting services. Currently, approximately 1,900 Heidrick & Struggles search professionals and employees operate from offices throughout North and South America, Europe, the Middle East, Africa and Asia Pacific. For nearly 50 years, our core business - Heidrick & Struggles Executive Search - has specialized in chief executive, board member and senior-level management assignments for a broad spectrum of clients: multi-national corporations, mid-cap and start-up companies, nonprofit entities, educational institutions, foundations, associations and governmental units. We are expanding our range of complementary services to offer solutions to senior management teams for their human capital needs. LeadersOnline, our Internet-enhanced recruiting business, serves clients who seek the next generation of corporate leaders. For more information about Heidrick & Struggles, visit our web site at http://www.heidrick.com/ .
SOURCE Heidrick & Struggles International, Inc.
Web site: http://www.heidrick.com/
CONTACT: Media, Eric Sodorff, +1-312-496-1613, esodorff@heidrick.com , or Analyst, Barry Hollingsworth, +1-312-496-1723, bhollingsworth@heidrick.com , both of Heidrick & Struggles International, Inc.