Heidrick & Struggles International announced that President and CEO Krishnan Rajagopalan has decided to retire, after more than 23 years with the company. Rajagopalan will step down as President and CEO and from the Board, effective March 4, and will retire from the company as of April 1, after which he will continue to serve as an advisor, working closely with clients around the world. Following a planned succession process, the Board has appointed Thomas Monahan III to succeed Rajagopalan as CEO and member of the Board, effective March 4. Monahan currently serves as Managing Partner of Norton Street Holdings and was previously President and CEO of DeVry University and CEO and Chairman of CEB, formerly Corporate Executive Board, where he helped grow the C-suite advisory company to serve over 90 percent of the Fortune 500. The company also announced that Tom Murray, Heidrick & Struggles’ Global Managing Partner of Executive Search, will become the Company’s President, reporting to Tom Monahan, effective March 4, 2024. In addition to continuing to lead Executive Search, Murray will have operational responsibility for On-Demand Talent, Heidrick Consulting and Go-to-Market in his new role.
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