Jose Ruiz

CHICAGO, Dec 12, 2011 (GlobeNewswire via COMTEX) — Heidrick & Struggles International, Inc., the leadership advisory firm providing executive search and leadership consulting services worldwide, announced today it has named Eric Olson to the role of Global Practice Managing Partner of Leadership Consulting. He will serve on the firm’s operating committee and report directly to CEO L. Kevin Kelly.

“Eric possesses a rare combination of functional experience, client focus and a true passion for people. Over the past decade he has successfully led several international leadership consulting firms and will have a strong business impact on both our firm and clients,” said Heidrick & Struggles’ Chief Executive Officer L. Kevin Kelly. “Under Eric’s direction, our global Leadership Consulting team will be in a solid market position for strategic growth.”

Olson joins Heidrick & Struggles from Oliver Wyman Leadership Development, where he led their European consulting operations. As an accomplished business strategist, Olson has worked closely with many Fortune 500 companies. He also served as CEO of Health Address, a UCLA-based company providing online specialty services between the US and international medical centers in the Middle East. In addition, Olson has taught several change and complexity courses at UCLA and UC Irvine Business Schools.

Olson holds a PhD in Clinical Psychology from the Fuller Graduate School of Psychology in Pasadena, CA, an MA in Complexity and Organizational Change from the University of Hertfordshire in England, and an MS in Counseling Psychology from Central Washington University.

About Heidrick & Struggles International, Inc.

Heidrick & Struggles International, Inc.,  is the leadership advisory firm providing executive search and leadership consulting services, including succession planning, executive assessment, talent retention management, executive development, transition consulting for newly appointed executives, and M&A human capital integration consulting. For almost 60 years, we have focused on quality service and built strong leadership teams through our relationships with clients and individuals worldwide. Today, Heidrick & Struggles’ leadership experts operate from principal business centers globally. For more information about Heidrick & Struggles, please visit www.heidrick.com .

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AESC, January 2011.- Optimism in the senior recruitment market continues with executive search consultants 68% positive and 30% neutral for the year ahead. The 2011 Outlook, released today by the Association of Executive Search Consultants (AESC), showed a peak in industry confidence since its low point at the end of 2008.

AESC President, Peter Felix, commented, “The New Year outlook by our members is most encouraging and confirms the renewed demand for executive search services that we witnessed in 2010. Our members are more confident about their pipeline of assignments and although not all markets around the world are recovering at the same pace the underlying trend is strong. This creates more positive planning support for the expansion of resources that in many cases were severely depleted in 2009.”

66% of respondents indicated that their search practices are planning to hire more consultants in 2011 – rising 18% from mid 2010 results – and 44% plan to hire more researchers.

Felix continued, “As the world economy recovers from the financial services trauma so the scarcity of executive talent in many sectors and regions of the world has become apparent again. This is most pronounced in the booming economies of China, India and Brazil where the talent gap is of critical proportions. However, the scarcity of talented general management executives persists even in the developed countries. Given these conditions the outlook for executive search consulting is bright.” Global findings revealed that the Industrial, Energy/Natural Resources and Financial Services sectors are expected to see the most growth in executive hiring in 2011. Consultants in the Americas held particular optimism (over other regions) for Financial Services, Technology/Telecoms, Energy/Natural Resources, Not-for-Profit, Private Equity/Venture Capital and Real Estate/Construction.

China, India and Latin America are expected to see the greatest scarcity of talent in the year ahead, while the functional outlook places General Managers, CEOs, Chief Operating Officers and Board Directors in strong demand in 2011 – suggesting an increase in high level search assignments as reported in the AESC’s third quarter 2010 industry report.

The 2011 Association of Executive Search Consultants (AESC) Member Outlook Survey of December 2010 totaled 210 responses from AESC executive search consultants worldwide, including 52% from EMEA, 30% from the Americas and 15% from Asia Pacific. A full copy of the report is available upon request to AESC members and the press.

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This report details hedge fund search and recruiting trends, as well as compensation activity and salary and bonus ranges, for the first three quarters of 2009 as funds have sought to re-launch and re-brand themselves in the wake of the economic crisis.

| Download Report in PDF

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The Mexico City office recently hosted a CEO Roundtable on Succession Planning with Stephen Miles (Atlanta) as the keynote speaker.

The event was attended by 64 CEOs and Chairmen of some of the most important companies in Mexico, including Advent, Alstom Power, AMGEN, Bayer, Bearing Point, Burger King, Cadbury Schweppes, Ch2MHILL, Coty, Daemon Quest, EMC, Estee Lauder, Genomma Lab, Grupo Coraza, Jorisa Group, Johnson & Johnson, Juniper, MAERKS, Merz Pharma, Neolpharma, NFL, Nissan, Roche, SAS Institute, Schoeders, Siemens, Standard Chartered, Stryker, Superama, Wamex and World Access among others.

Juan Ignacio Perez (Mexico City) opened the event by asking the attendees whether it is possible to establish succession plans in such a dynamic environment and what factors should be considered.  

Stephen’s thought-provoking presentation was based on the articles “Succession Planning: How Everyone Does It Wrong” and “Succession Planning: How To Do It Right” which were recently featured in Forbes magazine. During his keynote, Stephen stressed the importance of promoting and establishing corporate governance practices to help ensure proper succession planning, with direct impact on company value.

Addressing the questions of whether succession plans are possible or altered when the environment changes, Stephen commented that succession plans are not subject to any landscape or specific environment issue, but ideal candidates must know how to react in all kinds of situations: “If the environment is changing and the plan of succession is broken, then it is a sign that it was not properly built in the first place.”

“The attendees were clearly engaged thanks to a great, robust presentation,” said Juan Ignacio. “It was an extremely valuable morning filled with useful information and the opportunity to build and expand our client relationships.”

About Heidrick & Struggles International, Inc.
The world’s premier provider of senior-level executive search and leadership consulting services. The firm’s executive recruiters and leadership experts operate from principal business centers in North America, Latin America, Europe and Asia Pacific. In Mexico, Heidrick & Struggles operates offices in Mexico City and Monterrey. For more information about Heidrick & Struggles please visit www.heidrick.com 

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