FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a - 16 or 15d - 16 of
the Securities Exchange Act of 1934
For the
month of June
HSBC Holdings plc
42nd
Floor, 8 Canada Square, London E14 5HQ, England
(Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F).
Form
20-F X Form 40-F
6 June 2025
HSBC HOLDINGS PLC
GROUP CHAIR SUCCESSION
HSBC Holdings plc (the 'Company') today provides an update on the
HSBC Group Chairman succession process.
Further to the Company's announcement on 1 May 2025, in which it
was confirmed that Sir Mark Tucker intended to retire as Group
Chairman before the end of 2025, it has now been agreed that Sir
Mark will step down as HSBC Group Chairman and as a member of the
Board with effect from 30 September 2025.
The Company notes the announcement by AIA Group Limited ('AIA')
confirming Sir Mark's appointment as Independent Non-executive
Chairman with effect from 1 October 2025.
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.
In the interim, whilst this process continues, Brendan Nelson,
independent non-executive Director and Chair of the Group Audit
Committee, will assume the role of Interim Group Chair upon Sir
Mark's retirement from the Board, subject to regulatory
approval.
As previously announced, Sir Mark will remain as a strategic
adviser to the Group CEO and the Board whilst the process to
identify his permanent successor continues.
Ann Godbehere commented: "On behalf of the Board and the wider HSBC
Group, I wish to again reiterate our thanks to Mark for his
leadership and stewardship of the Bank over the past eight years.
We wish him well in his new role at AIA.
"The Nomination and Corporate Governance Committee continues to
make progress on the succession process for the next HSBC Group
Chair. Our focus is on securing the best candidate to lead the
Board and wider Group over the next phase of our growth and
development.
Brendan's extensive experience on UK listed boards, and as Group
Audit Chair, makes him ideally placed to assume the role on an
interim basis while the process continues."
Brendan Nelson commented: "I am honoured to lead HSBC during this
period of transition, whilst the process to identify a permanent
successor completes, under Ann's experienced
leadership."
The Company will provide confirmation of the fees which will be
payable to Brendan Nelson in this interim capacity in advance of
the effective date of appointment.
Save as disclosed in this announcement, there is no other
information required to be disclosed pursuant to UK Listing Rule
6.4.8 or Rule 13.51(2) of the Rules Governing the Listing of
Securities on The Stock Exchange of Hong Kong Limited.
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
Incorporated in England and Wales with limited liability.
Registration number 617987.
Supplementary Information
For the purposes of section 430(2B) of the Companies Act 2006, Sir
Mark Tucker will receive his Group Chairman fee through to his
retirement at the end of September 2025. He is not entitled to any
payments for loss of office.
Brendan Nelson (age 75) currently serves as chairman of BP Pension
Trustees Limited and as a non-executive Director of HSBC UK Bank
plc. He currently holds 15,000 HSBC Holdings plc ordinary shares of
US$0.50.
Professional qualifications: Institute of Chartered Accountants of
Scotland, 1973
Current and past listed company appointments:
- bp
plc - Independent non-executive Director - November 2010 to May
2021
- NatWest
Group plc - Independent non-executive Director - April 2010 to
April 2019
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:
Heidi Ashley +44
(0) 7920 254057
[email protected]
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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HSBC
Holdings plc
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By:
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Name:
Aileen Taylor
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Title:
Group Company Secretary and Chief Governance Officer
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Date:
06 June 2025
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