REG - HSBC Holdings PLC - Group Chair Succession

HSBC HoldingsAnnouncement

26/09/2025 10:00

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RNS Number : 9858A  HSBC Holdings PLC  26 September 2025

 

 

26 September 2025

HSBC HOLDINGS PLC

GROUP CHAIR SUCCESSION

 

HSBC Holdings plc ('HSBC' or the 'Company') today confirms that Brendan Nelson
will assume the role of Interim Group Chair with effect from 1 October 2025.

 

As committed in the Company's announcement on 6 June 2025, the Company
confirms that Brendan Nelson will receive a fee of £1.5m per annum in line
with the Directors' Remuneration Policy approved by shareholders at the 2025
AGM. Brendan will receive no additional director fees during this period in
respect of his other roles on the Company, and its subsidiary HSBC UK Bank
plc, boards during his tenure as Interim Group Chair.

 

Brendan and Sir Mark Tucker, who will step down as Group Chairman and from the
Board on 30 September 2025, have undertaken a thorough handover process, in
line with regulatory requirements, over recent months to support a smooth
transition of responsibilities.

 

The process to select the permanent HSBC Group Chair, led by Ann Godbehere,
Senior Independent Director, is ongoing. The Company will provide further
updates on this succession process in due course.

 

As previously announced, Sir Mark will remain as a strategic adviser to the
Group CEO and the Board whilst the process to identify a permanent successor
continues.

 

For and on behalf of

HSBC Holdings plc

 

Aileen Taylor

Company Secretary

 

 

HSBC Holdings plc

Registered Office and Group Head Office:

8 Canada Square, London E14 5HQ, United Kingdom

Web: www.hsbc.com (http://www.hsbc.com/)

Incorporated in England and Wales with limited liability. Registration number
617987.

 

Board of Directors

The Board of Directors of HSBC Holdings plc as at the date of this
announcement comprises:

Sir Mark Edward Tucker*, Georges Bahjat Elhedery, Geraldine Joyce
Buckingham(†), Rachel Duan(†), Dame Carolyn Julie Fairbairn(†), James
Anthony Forese(†), Ann Frances Godbehere(†), Steven Craig
Guggenheimer(†), Manveen (Pam) Kaur, Dr José Antonio Meade Kuribreña(†),
Kalpana Jaisingh Morparia(†), Eileen K Murray(†), Brendan Robert
Nelson(†) and Swee Lian Teo(†).

*  Non-executive Group Chairman

(†)  Independent non-executive Director

HSBC Group

HSBC Holdings plc, the parent company of HSBC, is headquartered in London.
HSBC serves customers worldwide from offices in 57 countries and territories.
With assets of US$3,214bn at 30 June 2025, HSBC is one of the world's largest
banking and financial services organisations.

 

Media enquiries to:

Heidi Ashley          +44 (0) 7920 254057
 heidi.ashley@hsbc.com

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