Heidrick & Struggles International, Inc. announced that on January 23, 2024, Krishnan Rajagopalan, the President of the Company, notified the Board of Directors (the ?Board?) of the Company of his decision to step down as the Company?s President on March 4, 2024 (the ?Transition Date?) and retire from the Company on April 1, 2024. In connection with his retirement, Mr. Rajagopalan also tendered his resignation as a member of the Board, effective as of the Transition Date. During the period from the Transition Date through April 1, 2024, Mr. Rajagopalan will continue to serve the Company as a non-executive employee and will continue to be eligible to receive his existing base salary and participate in the Company?s health and welfare benefits.

On January 23, 2024, the Company announced that following the recommendation of the Nominating and Board Governance Committee of the Board, appointed Mr. Thomas L. Monahan III to serve as a member of the Board, each effective as of the Transition Date. Mr. Monahan, 56, currently serves as the Managing Partner of Norton Street Holdings, a private investment vehicle that engages with organizations that leverage property, data, and technology to lift the performance of outstanding professionals, which he founded in 2017. Mr. Monahan was the Chief Executive Officer of DeVry University, a private predominantly online college with undergraduate and graduate programs, from 2020 to 2023, and he has served as the Executive Vice Chair of the DeVry University Board of Trustees since 2023.

He previously served as the Chief Executive Officer of CEB, a publicly traded C-suite advisory company that equipped leaders of global organizations with insights, tools and actionable solutions to transform enterprise performance, beginning in 2005 and as its Chairman beginning in 2008, in each case until its sale in 2017. In his total of 21 years at CEB, Mr. Monahan led significant global growth and digitization of product delivery. Previously, he worked at Deloitte and Accenture.

Mr. Monahan earned his B.A. from Harvard University and his M.B.A. from New York University. Mr. Monahan has served on the Board of Directors of TransUnion since June 2017, including as Chair of its Audit Committee and a member of its Nominating and Corporate Governance Committee and its Executive Committee. He served as a member of the board of Convergys Corporation from 2008 through 2018.

Mr. Monahan is also a board member at the Nature Conservancy of Maryland/Washington, D.C., and a founding director of and investor in the Climate Board Company. On January 23, 2024, the Company announced that the Board appointed Tom Murray, the Company?s current Global Managing Partner of Executive Search, Regions, to serve as the President of the Company, effective as of the Transition Date. Mr. Murray, 49, is a Partner in the Company?s Boston office and has served as the Company?s Global Managing Partner of Executive Search, Regions since 2022.

Prior to that role, Mr. Murray served in various other roles at the Company since 2018, including Global Managing Partner of the Company?s Global Technology & Services Practice from 2021 until 2022, Americas Managing Partner of the Company?s Global Technology & Services Practice from 2020 until 2021 and Partner in the Company?s Global Technology & Services Practice beginning in 2018. Prior to joining the Company, Mr. Murray was a human resources executive with extensive experience in human resources, talent management and talent attraction. Notably, he was the first chief talent officer for Dell Technologies Inc., where he focused on succession planning, talent acquisition, learning and development, talent management and human resources for global sales and marketing.

Mr. Murray earned his B.S. from Bates College.