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 March
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
(Indicate
by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934).
Yes
No X
(If
"Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-
).
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:
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 £244,000 per annum pursuant to the Directors' remuneration
policy approved by shareholders at the 2019 Annual General Meeting.
The total per annum fees consist of: £127,000 for his role as
independent non-executive Director, £40,000 as a member of the
Group Audit Committee, £40,000 as a member of the Group
Remuneration Committee, £33,000 as a member of the Nomination
& Corporate Governance Committee and a £4,000 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
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.
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:
10 March
2020
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