REG - HSBC Holdings PLC - HSBC Group Chairman

HSBC HoldingsAnnouncement

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RNS Number : 0939H  HSBC Holdings PLC  01 May 2025

 

1 May 2025

HSBC HOLDINGS PLC

HSBC Group CHAIRMAN

HSBC Holdings plc (the 'Company') today provides an update on the HSBC Group
Chairman succession process. Having joined the Board on 1 September 2017, and
assumed the role of Group Chairman on 1 October 2017, Sir Mark Tucker has
advised the Board of his intention to retire as Group Chairman before the end
of 2025.

 

Mark commented: "It has been a great honour and privilege to lead HSBC as
Chair. I am deeply grateful for the trust and support I have received from the
Board, management, and colleagues and am very proud of all that we have
accomplished together. With the strong foundations laid over the last eight
plus years, I am very confident that under Georges' leadership, HSBC will go
from strength to strength. I wish HSBC and all its stakeholders continued
success and prosperity."

 

The Board's Nomination and Corporate Governance Committee has commenced the
process to select Sir Mark's successor as Group Chairman. This process is
being led by Ann Godbehere, Senior Independent non-executive Director.

 

Ann Godbehere commented: "On behalf of the Board and all our colleagues at
HSBC, I want to thank Mark for the tremendous value he has added to HSBC over
the past eight plus years. As Group Chairman, he has provided strategic
guidance and clarity to the management team, streamlined the Board and
overseen material improvements to the Group's people succession and governance
processes. Mark also provided excellent stewardship of the Bank through the
COVID-19 pandemic, and most recently, led the Group CEO succession process.
Very importantly, he has also deepened the Group's relationships with key
clients, regulators and investors around the world.

 

"The Board is conducting a thorough process to identify the best candidate to
lead the Board, and support Group CEO, Georges Elhedery, and the wider
management team, through the next period of development and growth for the
Bank. I am delighted that Mark will remain as a strategic adviser to the Group
CEO and the Board whilst the succession process for a permanent Chair
continues."

 

The Company will provide an update on succession for the Group Chairman role
in due course.

 

Save as disclosed above, there is no other information required to be
disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of
Securities on The Stock Exchange of Hong Kong Limited and no matters relating
to the retirement of Sir Mark Tucker that need to be brought to the attention
of the shareholders of the Company.

 

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 the HSBC Group, is headquartered in
London. HSBC serves customers worldwide from offices in 58 countries and
territories. With assets of US$3,054bn at 31 March 2025, HSBC is one of the
world's largest banking and financial services organisations.

 

Media enquiries to:

Press Office                      +44 (0) 20 7991 8096
            pressoffice@hsbc.com (mailto:pressoffice@hsbc.com)

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