Overview

• Mark Tucker, who has served as HSBC chairman since 2017, will retire by the end of 2025 after an eight-year tenure.
• HSBC’s Nomination and Corporate Governance Committee, led by Ann Godbehere, has initiated the process to select Tucker’s successor.
• Tucker will remain with the bank as a strategic adviser to CEO Georges Elhedery and the board following his retirement.
• During his tenure, Tucker oversaw significant challenges including the COVID-19 pandemic, U.S.-China trade tensions, and investor calls for structural changes.
• HSBC has committed to updating shareholders on the progress of the succession process in due course.