HSBC Holdings Appoints Mark Tucker Group Chairman Designate From September
13 Mars 2017 - 1:43AM
Dow Jones News
By Joanne Chiu
HSBC Holdings PLC (0005.HK) has appointed AIA Group Ltd.
(1299.HK) Chief Executive Mark Tucker as its next chairman, the
first time the bank has hired an outsider for the role in its 152
year history.
Mr. Tucker will become the non-executive chairman at the Hong
Kong and London-listed banking giant in October, the bank said in
Monday, replacing outgoing HSBC veteran Douglas Flint. Mr. Tucker
will become the bank's group chairman designate from Sept. 1.
He will lead the process of identifying a successor to the
current group chief executive officer, Stuart Gulliver, the bank
added. This process is expected to conclude in 2018 in order to
meet Stuart Gulliver's expressed desire to retire in that time
frame.
Write to Joanne Chiu at joanne.chiu@wsj.com
(END) Dow Jones Newswires
March 12, 2017 20:28 ET (00:28 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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