2007'02.11.Sun
Heidrick & Struggles Opens Office in Chongqing, China

December 19, 2006

First Global Executive Search and Leadership Consulting Firm to Open a Third Office in Mainland China SHANGHAI, China, Nov. 29 /Xinhua-PRNewswire/ -- Heidrick & Struggles International, Inc. (Nasdaq: HSII), the world's premier executive search and leadership consulting firm, has announced the opening of its third office in mainland China, strategically located in the heart of Chongqing, a major industrial base in southwest China. Chongqing has attracted many multinationals in recent years, including ABB, American Standard, Rockwell, Honda, Suzuki, Isuzu, Yamaha, Mobil, Samsung, and Sony Ericsson. In 2005 Chongqing had a nominal GDP that grew 11.5 percent to 310 billion yuan (US$38.75 billion). According to a spokesperson from the Chongqing Municipal Development and Reform Commission, Chongqing is expected to double its per capita GDP in 2007, three years ahead of the timetable set in China's 11th Five-Year Plan (2006-2010). "With the demand for highly qualified senior talent in fast developing regions across Asia, Heidrick & Struggles has consistently moved with our client organizations into new markets. Our strategy is to invest ahead of other executive search firms in opening new offices and offering innovative leadership consulting services such as assessment and talent management. In line with our growth strategy, we were the first foreign executive search firm to be granted a JV license to operate in China, and we were also the first to open multiple offices across China," said Gerry Davis, Regional Managing Partner, Asia Pacific at Heidrick & Struggles. Added Steve Mullinjer, Managing Partner of Heidrick & Struggles China: "Following the central government's China Western Development strategy, many multinational companies consider Chongqing to be China's 'Gateway to the West,' particularly with the extensive infrastructure and transportation works currently underway in the city and the completion of the Three Gorges Dam project in 2009. We have chosen to be physically located in Chongqing as it is strategically important to many of our clients. Initially, this office will focus on industrial, consumer and technology clients who are investing in Chongqing and nearby Chengdu. A central theme of our China strategy is to be where our clients need us most." About Heidrick & Struggles International, Inc. Heidrick & Struggles International, Inc. is the world's premier provider of senior-level executive search and leadership consulting services, including talent management, board building, executive on-boarding and M&A effectiveness. For more than 50 years, we have focused on quality service and built strong leadership teams through our relationships with clients and individuals worldwide. Today, Heidrick & Struggles leadership experts operate from principal business centers in North America, Latin America, Europe and Asia Pacific. For more information about Heidrick & Struggles, please visit http://www.heidrick.com . For more information, please contact: Jennifer Tow Manifesto Ltd Tel: +852-2526-1972 Email: jennifer@manifesto.com.hk Eric Sodorff Heidrick & Struggles Tel: +1-312-496-1613 Email: esodorff@heidrick.com SOURCE Heidrick & Struggles International, Inc. law. For more information, please contact:
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