Heidrick & Struggles CEO Tracy Wolstencroft takes medical leave

  • After about three years on the job
  • Laud, praise and good wishes for Wolstencroft
  • Krishnan Rajagopalan taking over in the interim
  • Wolstencroft said 54 words

(exechange) — Chicago, Illinois, April 03, 2017 — Tracy Wolstencroft, chief executive of Heidrick & Struggles, takes a medical leave of absence. It is an abrupt change. As announced by Heidrick & Struggles International, Inc. in a news release and in a regulatory filing published on Monday, April 03, 2017, Tracy R. Wolstencroft leaves the post as Chief Executive Officer at the executive search firm after about three years on the job, effective immediately.

Wolstencroft’s duties are taken over in the interim by Krishnan Rajagopalan, currently Executive Vice President and Managing Partner – Executive Search at Heidrick & Struggles International, Inc.

“Leave of absence for treatment of a benign lung condition”

Heidrick & Struggles said: “Tracy R. Wolstencroft will take a three-month leave of absence for treatment of a benign lung condition.”

Chaired by Richard I. Beattie

Heidrick & Struggles International, Inc. is chaired by Richard I. Beattie.

Beattie has been Non-Executive Chairman at Heidrick & Struggles since May 29, 2007.

On the job as CEO since 2014

Tracy Wolstencroft is the president and chief executive officer at Heidrick & Struggles. He was named to this position and joined the firm’s board of directors in February 2014.

Previously, he was a longstanding partner at Goldman Sachs where, over the course of a 25-year career, he led a wide range of businesses in the United States, Asia, and Latin America.

His experience includes investment banking services, environmental markets, Latin America, public sector and infrastructure banking, and fixed income capital markets.

While living in Asia from 1998 to 2002, Wolstencroft served as president of GS Singapore, co-head of Investment Banking in Japan, head of Asia Financial Institutions, and a leader in developing Goldman Sachs’ strategy in China.

Wolstencroft serves on a number of not-for-profit boards, including: co-chair of the IRC (International Rescue Committee), vice-chair of the National Geographic Society, and a trustee at the Brookings Institution.

He is a member of the Council on Foreign Relations.

Wolstencroft earned his BA from Bowdoin College.

Push-out Score not determined

When the reason for the departure is health-related, a Push-out Score™ is not determined.

Read the full story in the exechange report 15.2017 ($).