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Thomas L. Monahan III

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Thomas L. Monahan III
Thomas L. Monahan in 2021
Alma materHarvard University, New York University Stern School of Business[1]
TitleCEO of Heidrick & Struggles[2][3]
SpouseSharon Kerrie Marcil[4]

Thomas L. Monahan III is an American businessman and chief executive officer (CEO) of global leadership advisory firm Heidrick & Struggles.[2][3] Monahan also serves as managing partner of Norton Street Holdings[5] and was previously president and CEO of DeVry University.[6][7] He currently serves on the boards of Johns Hopkins Health System[8], the Boys & Girls Clubs of America[9], and The Nature Conservancy of MD and DC.[10][11]

Early life and education

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Monahan grew up in Weymouth, Massachusetts.[12] He holds degrees from Harvard University and New York University Stern School of Business.[13]

Career

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Prior to 1996, Monahan was a senior consultant at the Deloitte & Touche Consulting Group, a director at the Committee for Economic Development, and a staff consultant at Andersen Consulting.[14][15]

Monahan joined the leadership team of CEB (formerly the Corporate Executive Board) in 1996.

He joined CEB’s Board of Directors in 2001 and was appointed Chief Executive Officer (CEO) in 2005 and Chairman in 2008.[16][17][18] He presided over an expansion of revenue, which increased 157% from 2005 to 2016.[16]

In August 2016, Tom Monahan announced his intention to step down from his position[19], four months before Gartner announced the acquisition of CEB for $2.6 billion[20][21] in a transaction with a total enterprise value of $3.3bn [22].

Tom Monahan served as Executive Chairman of digital services company ProKarma from May 2019 to January 2022 [23][24], which coincided with Concentrix’s acquisition [25][26].

In August 2020, he was appointed president and CEO of DeVry University.[6][7]

In June 2023, Tom Monahan was appointed chief executive officer (CEO) of global leadership advisory firm Heidrick & Struggles.[2][3]

Monahan has also served as a board member of TransUnion (NYSE: TRU), where he is the Chair of its Audit & Compliance Committee and a member of its Nominating and Governance Committee.[27] He is also the executive vice chair of the DeVry University Board of Trustees.[28] Monahan serves on the Advisory Board of Golub Capital Nonprofit Board Fellows Network.[29]

Tom Monahan is also the former board member of Workforce Logiq (a Carlyle Group portfolio company; Winsight (an HPS Capital portfolio company [30]; and, until its October 2018 sale, Convergys (NYSE: CVG), where he served as Chair of the Compensation Committee. [31][32]

He has contributed several articles on business topics, including for CNBC, Fortune, and Harvard Business Review.[33][34][35][36] He authored a column in The Washington Post called “Talent Matters."[37]

Non-Profit Governance and Leadership"

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Monahan is involved in the non-profit sector, serving on the boards of the Johns Hopkins Health System[8] and the Boys & Girls Clubs of America.[9] He is also a trustee for The Nature Conservancy of Maryland and DC and a member of the The Economic Club of Washington, D.C.[10][11]

Personal life

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Monahan is married to Sharon Kerrie Marcil, who graduated from Duke University and received an M.B.A. from Harvard University.[38] Marcil is the North America regional chair at the Boston Consulting Group.[39]

References

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  1. ^ Kim, Andrew (June 22, 2016). "Tom Monahan: Work's no carnival anymore". Washington Business Journal.
  2. ^ a b c "Heidrick & Struggles Taps Outsider as CEO; Other Leadership Moves Announced". Hunt Scanlon Media. Retrieved January 24, 2024.
  3. ^ a b c Jay, Corli (January 23, 2024). "Executive search firm Heidrick & Struggles appoints new CEO, president". Chicago Business. Retrieved October 10, 2025.
  4. ^ "WEDDINGS; Sharon K. Marcil, T. L. Monahan 3d (Published 1995)". The New York Times. 1995-07-16. ISSN 0362-4331. Retrieved 2020-12-03.
  5. ^ "Heidrick & Struggles Taps Outsider as CEO; Other Leadership Moves Announced". Hunt Scanlon Media. Retrieved January 24, 2024.
  6. ^ a b Hutson, Wendell (August 18, 2020). "DeVry University names new CEO". ChicagoBusiness. Retrieved October 10, 2025.
  7. ^ a b Lederman, Doug (December 2, 2020). "New Presidents or Provosts: Arkansas Baptist College, Danville Area CC, DeVry U, Eastern Kentucky U, Morehouse College, South Dakota School of Mines & Technology, State U of New York System, Ulster U, Walsh College, U of Wollongong". Inside Higher Ed. Retrieved October 10, 2025.
  8. ^ a b "The Johns Hopkins Health System Corporation Leadership". Johns Hopkins Medicine. Retrieved October 2, 2025.
  9. ^ a b "Trustees & Ambassadors". Boys & Girls Clubs of America. Retrieved October 2, 2025.
  10. ^ a b "Tom Monahan People". Heidrick & Struggles. Retrieved October 2, 2025.
  11. ^ a b "Our Board of Directors". Transunion. Retrieved October 2, 2025.
  12. ^ Logic, Uncommon (2024-06-07). "HOW Conversation: Tom Monahan". The HOW Institute for Society. Retrieved 2025-10-25.
  13. ^ Kim, Andrew (June 22, 2016). "Tom Monahan: Work's no carnival anymore". Washington Business Journal.
  14. ^ Pearlstein, Steven (2006-01-13). "A Company Where Experience Counts for All". Washington Post. ISSN 0190-8286. Retrieved 2020-12-03.
  15. ^ "ceb-10ka_20161231.htm". www.sec.gov. Retrieved 2020-12-03.
  16. ^ a b "Meet Tom Monahan, the 'CEO-whisperer'". www.managementtoday.co.uk. Retrieved 2020-12-03.
  17. ^ Sernovitz, Daniel (August 31, 2016). "Tom Monahan to step down from CEB after more than a decade at the helm". Washington Business Journal.
  18. ^ "CEB CEO Tom Monahan to Step Down". CityBuzz. Retrieved October 2, 2025.
  19. ^ Sernovitz, Daniel (August 31, 2016). "Tom Monahan to step down from CEB after more than a decade at the helm". Washington Business Journal.
  20. ^ Sernovitz, Daniel (January 5, 2017). "CEB to be acquired for $2.6 billion". Washington Business Journal.
  21. ^ Gregg, Aaron. "Gartner buys Arlington-based CEB for $2.6 billion". Washington Post. ISSN 0190-8286. Retrieved 2020-12-03.
  22. ^ Tennant, Fraser (January 10, 2017). "$3.3bn deal sees Gartner and CEB join forces to create leading research and advisery company". Financer Worldwide. Retrieved October 10, 2025.
  23. ^ Thorne, James (May 21, 2019). "Tech Moves: Vacasa names ex-OpenTable CEO to board; Pixvana brings on sales VP; and more". GeekWire. Retrieved October 10, 2025.
  24. ^ "Tom Monahan". LinkedIn. Retrieved October 10, 2025.
  25. ^ Venugopal, Dinesh (Jan 24, 2022). "Beaverton software and services firm sold for $1.6B". Biz Journals. Retrieved October 10, 2025.
  26. ^ Weitzman, Aaron (November 23, 2021). "carlyle sees more growth in digital it services after pk exit". PE Hub. Retrieved October 10, 2025.
  27. ^ "Stern EMBA Speaker Series: Tom Monahan (MBA '95)". NYU. February 1, 2019. Retrieved October 1, 2025.
  28. ^ "Thomas L. Monahan III". DeVry University. Retrieved October 1, 2025.
  29. ^ "The Golub Capital Nonprofit Board Fellows Network" (PDF). Ross School of Business. Retrieved November 17, 2025.
  30. ^ Thorne, James (May 21, 2019). "Tech Moves: Vacasa names ex-OpenTable CEO to board; Pixvana brings on sales VP; and more". GeekWire. Retrieved October 10, 2025.
  31. ^ "Tom Monahan People". Heidrick & Struggles. Retrieved October 2, 2025.
  32. ^ "Thomas L. Monahan III Named President and Chief Executive Officer of DeVry University". DeVry University. August 17, 2020. Retrieved October 2, 2025.
  33. ^ CEB, Tom Monahan, CEO and Chairman (2016-05-09). "Investor activism: The less obvious implications". www.cnbc.com. Retrieved 2020-12-03.{{cite web}}: CS1 maint: multiple names: authors list (link)
  34. ^ "The Hard Evidence: Business Is Slowing Down". Fortune. Retrieved 2020-12-03.
  35. ^ Monahan, Tom (2016-06-20). "Your Company Needs a More-Radical Board of Directors". Harvard Business Review. ISSN 0017-8012. Retrieved 2020-12-03.
  36. ^ Monahan, Tom. "Talent Matters: Big board battles are changing life in the C-suite. Are you ready?". Washington Post. ISSN 0190-8286. Retrieved 2020-12-03.
  37. ^ Monahan, Tom (2014-04-27). "The way to improve your company that is hiding in plain sight". Washington Post. ISSN 0190-8286. Retrieved 2020-12-03.
  38. ^ "WEDDINGS; Sharon K. Marcil, T. L. Monahan 3d (Published 1995)". The New York Times. 1995-07-16. ISSN 0362-4331. Retrieved 2020-12-03.
  39. ^ "Sharon Marcil first woman to lead BCG North America". Consulting.us. 27 August 2021.
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