International search firm Heidrick & Struggles has given up plans to sell the company and will remain an independent public company. The firm also announced that CEO Kevin Kelly stepped down from the post he held for the last seven years, and has also resigned from the board of directors.
Kelly, an accomplished search professional, will return full-time to Heidrick’s executive search practice in a senior client service role.
Jory Marino, regional leader, Americas, will serve as interim CEO. Marino serves as vice chairman and a senior member of the firm’s Financial Services Practice. He joined the firm following its 1999 acquisition of Sullivan & Company, where he was a founding partner and senior managing director.
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The company said a search committee will consider both internal and external candidates for the CEO position.