Heidrick & Struggles Formalizes Joint Venture Agreement in China With Beijing Leading Resources
CHICAGO, Nov. 3 /PRNewswire-FirstCall/ --
Heidrick & Struggles International, Inc. (Nasdaq: HSII), the world's premier executive search and leadership consulting firm, today announced it has formalized a joint venture agreement with Beijing Leading Human Resources Consulting Company, Ltd., a well-known, established executive search firm in China since 1998. As part of their long-term commitment to the Chinese market, together Heidrick & Struggles and Beijing Leading Resources will focus on assisting clients in China to attract, develop, and retain world-class executives, particularly working with Chinese State Owned Enterprises in their continuing reform efforts and with multinational companies.
In addition to providing tailored executive recruitment services, Heidrick & Struggles China -- as the joint venture is known -- will offer complementary leadership services, including executive assessment, professional development, coaching and interim executive placement.
For many years, Heidrick & Struggles has maintained a strong commitment to the Chinese market and we are eager to play an active role in its further development, in collaboration with our colleagues from Beijing Leading Resources, said Piers Marmion, Chairman and Chief Executive Officer of Heidrick & Struggles. As we aim to help clients build the best leadership teams in the world, this agreement allows us to provide top-quality executive search and leadership consulting services to this important and rapidly expanding market.
Added David S.G. Guo, Chief Executive Officer of Beijing Leading Resources, China's ascension into the WTO and the increased demand for top management talent represents a unique opportunity for Heidrick & Struggles China. The joint venture allows us to contribute more effectively to China's development by providing world class leadership consulting services that, when combined with local business knowledge and culture, will help Chinese enterprises to become globally competitive and will assist foreign companies to identify and train future business leaders in the PRC. We are excited to work with Heidrick & Struggles as partners in this exciting new endeavor.
The joint venture agreement follows recent approvals from the Beijing Ministry of Personnel, the Beijing Ministry of Foreign Relations Trade (COFERT), and the Beijing Ministry of Industry and Commerce.
Under the terms of the agreement, David S.G. Guo will serve as Chairman while Steve Mullinjer, a Heidrick & Struggles partner, will serve as General Manager of the joint Chinese operation. Initially, Heidrick & Struggles China will operate from offices in Beijing and Shanghai but plans to expand into other principal cities in China as clients' needs demand.
About Beijing Leading Human Resources Consulting Company, Ltd.
Beijing Leading Resources was one of the first HR recruitment and consulting companies to be registered with the Beijing Ministry of Industry and Commerce. Since its formation in 1998 the company has provided premium- level executive recruitment and training services to both Chinese State Owned Enterprises and foreign multinationals operating in China. The company has a strong track record developing training courses focused on leadership, sales and e-commerce project management. The company has considerable experience operating in the Chinese market and has specialized in adapting executive search, coaching and management assessment programs to suit local market requirements.
About Heidrick & Struggles International, Inc.
Heidrick & Struggles International, Inc. is the world's premier provider of executive search and leadership consulting services. Currently, approximately 1,600 Heidrick & Struggles search professionals and employees operate from locations primarily in North America, Latin America, Europe, and Asia Pacific. For nearly 50 years, Heidrick & Struggles has specialized in chief executive, board member and senior-level management search 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. The company is expanding its range of complementary services to offer solutions to senior management teams for their leadership needs, including recruitment of emerging talent, executive assessment, interim executive placement, and professional development. For more information about Heidrick & Struggles, visit www.heidrick.com .
Make Your Opinion Count - Click Here
http://tbutton.prnewswire.com/prn/11690X37862215
SOURCE Heidrick & Struggles International, Inc.
-0- 11/03/2002
/CONTACT: Eric Sodorff, +1-312-496-1613 (Chicago), esodorff@heidrick.com, or Steve Mullinjer, +86-21-5298-4840 (Shanghai), +852-2103-9321 (Hong Kong), smullinjer@heidrick.com , both of Heidrick & Struggles International, Inc./
/Web site: http://www.heidrick.com /
(HSII)
CO: Heidrick & Struggles International, Inc.; Beijing Leading Human Resources
Consulting Company, Ltd.
ST: Illinois, China
IN:
SU: JVN
CS-AM
-- CGSU001 --
4372 11/03/2002 17:00 EST http://www.prnewswire.com