HSBC Holdings PLC Changes to Board and Committee Composition (6025F)
March 10 2020 - 8:00AM
UK Regulatory
TIDMHSBA
RNS Number : 6025F
HSBC Holdings PLC
10 March 2020
HSBC HOLDINGS PLC
CHANGES TO BOARD AND COMMITTEE COMPOSITION
HSBC Holdings plc (the 'Company') has today announced the
appointment of James (Jamie) Anthony Forese (57) as an independent
non-executive Director of the Company. The appointment will take
effect from 1 May 2020. He will also be appointed as a member of
the Group Audit Committee, Group Remuneration Committee and the
Nomination & Corporate Governance Committee.
Jamie formerly served as President of Citigroup. He began his
career in securities trading with Salomon Brothers, one of
Citigroup's predecessor companies, in 1985. In addition to his most
recent role as President and chief executive officer of Citigroup's
Institutional Clients Group, he has been chief executive of its
Securities and Banking division and head of its Global Markets
business.
Jamie is a non-executive director of the Princeton University
Investment Company and a Trustee of Colby College.
Commenting on the appointment, HSBC's Group Chairman, Mark
Tucker, said: "I am absolutely delighted to welcome Jamie. His
wealth of experience across finance and corporate strategy,
together with his extensive knowledge of banking and across
financial services, will bring an invaluable perspective to the
Board."
The Directors have determined that Mr Forese is independent. In
making that determination, the Directors have concluded that there
are no other relationships or circumstances which are likely to
affect his judgement and that any relationships or circumstances
which could appear to do so were not considered to be material.
For and on behalf of
HSBC Holdings plc
Aileen Taylor
Group Company Secretary and Chief Governance Officer
Media enquiries to:
Heidi Ashley +44 (0) 20 7992 2045 heidi.ashley@hsbc.com
Supplementary information:
As an independent non-executive Director, Mr Forese will not
have a service contract with HSBC Holdings plc and will be paid
total fees of GBP244,000 per annum pursuant to the Directors'
remuneration policy approved by shareholders at the 2019 Annual
General Meeting. The total per annum fees consist of: GBP127,000
for his role as independent non-executive Director, GBP40,000 as a
member of the Group Audit Committee, GBP40,000 as a member of the
Group Remuneration Committee, GBP33,000 as a member of the
Nomination & Corporate Governance Committee and a GBP4,000
Travel Allowance.
Mr Forese's appointment as a Director of HSBC Holdings plc is
subject to election by shareholders at the 2021 Annual General
Meeting (AGM) and annual re-election thereafter. His initial three
year term will run from his initial election, if successful, until
the 2024 AGM.
Mr Forese has not held any directorships in any other publicly
listed companies, whether in London, Hong Kong or overseas, during
the previous five years and he does not have any relationship with
any directors, senior management, substantial or controlling
shareholders of the Company. He does not have any interests in the
shares of the Company within the meaning of Part XV of the
Securities and Futures Ordinance.
There are no matters relating to the appointment of Mr Forese
that need to be disclosed pursuant to Listing Rule 9.6.13(2) to (6)
of the Listing Rules of the Financial Conduct Authority. 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 the Hong Kong
Limited.
Notes to editors:
1. Professional qualifications of Mr Forese
Bachelor of Science in Electrical Engineering and Computer
Science. Princeton University, 1985.
2. The Board of Directors of HSBC Holdings plc as at the date of
this announcement is:
Mark Tucker*, Noel Quinn, Kathleen Casey , Laura Cha , Henri de
Castries , Irene Lee , José Antonio Meade Kuribreña , Heidi Miller
, David Nish , Ewen Stevenson, Jackson Tai and Pauline van der Meer
Mohr .
* Non-executive Group Chairman
Independent non-executive Director
3. The HSBC Group
HSBC Holdings plc, the parent company of the HSBC Group, is
headquartered in London. HSBC serves customers worldwide from
offices in 64 countries and territories in our geographical
regions: Europe, Asia, North America, Latin America, and Middle
East and North Africa. With assets of US$2,715bn at 31 December
2019, HSBC is one of the world's largest banking and financial
services organisations.
ends/all
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
BOAEAFDEFFDEEFA
(END) Dow Jones Newswires
March 10, 2020 08:00 ET (12:00 GMT)
Hsbc (LSE:HSBA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Hsbc (LSE:HSBA)
Historical Stock Chart
From Jul 2023 to Jul 2024