HSBC Holdings plc has announced that its Group Chairman, Sir Mark Tucker, is planning to retire by the end of 2025. Tucker joined the Board on September 1, 2017, and took on the role of Group Chairman on October 1, 2017.
In a statement, Mark Tucker reflected on his tenure, saying, "It has been a great honour and privilege to lead HSBC as Chair. I am deeply grateful for the trust and support I have received from the Board, management, and colleagues and am very proud of all that we have accomplished together. With the strong foundations laid over the last eight plus years, I am very confident that under Georges’ leadership, HSBC will go from strength to strength. I wish HSBC and all its stakeholders continued success and prosperity."
Ann Godbehere, Senior Independent Non-Executive Director, is leading the process to find Tucker's successor. She commented, “On behalf of the Board and all our colleagues at HSBC, I want to thank Mark for the tremendous value he has added to HSBC over the past eight plus years. As Group Chairman, he has provided strategic guidance and clarity to the management team, streamlined the Board, and overseen material improvements to the Group’s people succession and governance processes. Mark also provided excellent stewardship of the Bank through the COVID-19 pandemic, and most recently, led the Group CEO succession process. Very importantly, he has also deepened the Group’s relationships with key clients, regulators, and investors around the world.”
Godbehere assured that the Board is committed to conducting a thorough search to find the best candidate to lead HSBC's Board. Mark Tucker will stay involved as a strategic adviser to the Group CEO and the Board while the search for his successor is underway.
The Company will keep shareholders informed of updates regarding the succession process as necessary. There are no additional disclosures required under the listing rules of the Hong Kong Stock Exchange regarding this announcement, and no other matters concerning Tucker's retirement warrant notification to the shareholders.
The HSBC Group, headquartered in London, operates in 58 countries and serves a global customer base. With assets amounting to US$3,054 billion as of March 31, 2025, HSBC ranks among the leading banking and financial services organizations worldwide.
For further details, contact the HSBC press office at +44 (0) 20 7991 8096 or via email at pressoffice@hsbc.com.