International executive search firm Heidrick and Struggles has announced that Chief Executive Officer Tracy R. Wolstencroft will take a three-month leave of absence for treatment of a benign lung condition.

"Tracy is doing the right thing,” Richard Beattie, Chairman of the Board of Heidrick & Struggles, said. “It is in the best interests of both Tracy and the company for him to take the time needed to focus on his health.  We wish him a speedy recovery, and we look forward to his return.”

The company’s Executive Vice President and Managing Partner of Executive Search, Krishnan Rajagopalan, will serve as acting Chief Executive Officer in Wolstencroft's absence. 

Rajagopalan leads Heidrick & Struggles' global Executive Search business and is a member of the firm's Executive Committee. He previously served as head of Global Practices and played a key role in leading the firm's Leadership Consulting business.

“We are fortunate that Krishnan is well suited to take on the role of acting CEO, and the full board and management team have complete confidence in his ability to lead Heidrick & Struggles," Beattie said.

Rajagopalan also commented, "Tracy has established a tremendous strategic framework for the firm, and I look forward to continuing to work closely with him, the senior leadership team and the board in my capacity as acting CEO.  We wish Tracy a speedy recovery and return."