Heidrick & Struggles Enters Into Agreement to Acquire RosExpert in Russia

MOSCOW, December 21, 2021— Heidrick & Struggles (Nasdaq: HSII), a premier provider of global leadership advisory and on-demand talent solutions, has entered into an agreement to acquire RosExpert in Russia, a top executive search and leadership consulting firm in the country.

This acquisition forms part of Heidrick & Struggles’ strategy to expand its global footprint and grow its local presence in key strategic markets around the world. Established 25 years ago in Russia, RosExpert is among the top firms in the country offering integrated executive search and leadership advisory services. With this acquisition, Heidrick & Struggles will become the leading executive search and leadership advisory firm in the country and provide a broader range of offerings and capabilities to both local and multinational clients based in Russia.

Oksana Morsina, Managing Partner, RosExpert commented, “We are delighted to enter into an agreement to join the global Heidrick & Struggles team, at a time when access to international expertise is becoming even more critical for Russian businesses. In addition, the pandemic has accelerated the trend towards digitalization and changes to existing business models. Russian businesses are following suit alongside other companies around the world, and the transformation agendas of our clients require non-standard solutions, including the ability to attract the best talent from all over the world together with advanced tools for assessing and developing leadership and human capital.”

Tim Lüdke, Partner and Regional Leader for Heidrick & Struggles’ Strategic Growth Markets added, “Companies in Russia are wrestling with the same leadership and organization challenges others are facing around the world, such as succession planning, ensuring stability through the pandemic and leading through a constantly changing environment. We see many opportunities ahead to work with local and multinational companies across various growing sectors in Russia. We are excited to bring RosExpert, a leader in the marketplace with a truly professional team, into our global Heidrick & Struggles network, enabling us to better serve our clients based in Russia, and grow our global reach."

Financial terms of the acquisition were not disclosed, and the transaction is expected to close in Q1 2022, subject to customary closing conditions.

About Heidrick & Struggles

Heidrick & Struggles (Nasdaq: HSII) is a premier provider of global leadership advisory and on-demand talent solutions, serving the senior-level talent and consulting needs of the world's top organizations. In our role as trusted leadership advisors, we partner with our clients to develop future-ready leaders and organizations, bringing together our services and offerings in executive search, diversity and inclusion, leadership assessment and development, organization and team acceleration, culture shaping and on-demand, independent talent solutions. Heidrick & Struggles pioneered the profession of executive search more than 65 years ago. Today, the firm provides integrated talent and human capital solutions to help our clients change the world, one leadership team at a time.® www.heidrick.com

About RosExpert

RosExpert is a Russian consulting company founded in 1996, specializing in executive search and leadership assessment and development. RosExpert's clients are 25% of the largest Russian and international companies according to the RBC 500 rating. RosExpert is the first Russian company to pass the international audit of AESC (Association of Executive Search Companies) and has been a member of the Association since 2002. www.rosexpert.ru

Media Contacts

RosExpert
Maria Ivanova
ivanova@rosexpert.ru

Heidrick & Struggles
Nina Chang
nchang@heidrick.com