Heidrick & Struggles International, Inc. announced that on January 23, 2024, Krishnan Rajagopalan, the Chief Executive Officer of the Company, notified the Board of Directors (the ?Board?) of the Company of his decision to step down as the Company?s Chief Executive Officer on March 4, 2024 (the ?Transition Date?) and retire from the Company on April 1, 2024. 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 the Board appointed Thomas L. Monahan III to serve as the Chief Executive Officer of the Company, 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.