Blueprint
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 February
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 Dr José Antonio Meade Kuribreña (49) as an
independent non-executive Director. The appointment will take
effect from 1 March 2019. Dr Meade will also be appointed as a
member of the Nomination & Corporate Governance
Committee.
Dr Meade is currently a Commissioner of the Global Commission on
Adaptation and performs consulting, project finance and academic
activities.
Dr Meade has extensive experience in public administration, banking
and financial policy. Between 2011 and 2017, he held Cabinet-level
positions in the Federal government of Mexico, including acting as
Secretary of Finance and Public Credit, Secretary of Social
Development, Secretary of Foreign Affairs and Secretary of Energy.
Prior to his appointment to the Cabinet, he served as
Undersecretary and as Chief of Staff in the Ministry of Finance and
Public Credit.
Following his time as Director General of Banking and Savings at
the Ministry of Finance and Public Credit, Dr Meade served as Chief
Executive Officer of the National Bank for Rural Credit, where he
led the financial restructuring and its transition to a new
institution, Financiera Rural. He studied economics and law at the
Instituto Tecnológico Autónomo de México and
Universidad Nacional Autónoma de México, before receiving
a PhD in Economics from Yale University.
Commenting on the appointment, HSBC's Group Chairman, Mark Tucker,
said: "I am absolutely delighted to welcome José Antonio to
the Board. He brings with him a wealth of experience gained across
a number of key policy areas and his background and knowledge of
Latin America will be of great significance to HSBC given the
importance we attach to the region. It is particularly worth noting
the relevance Mexico holds for HSBC as one of our scale
markets."
Dr Meade's appointment will be for an initial three-year term
which, subject to election by shareholders at the Annual General
Meeting (AGM) on 12 April 2019, will expire at the conclusion of
the 2022 AGM.
The Directors have determined that Dr Meade 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.
The Company further announces that Lord Evans of Weardale,
independent non-executive Director, who joined the Board in August
2013, has given notice of his intention to retire from the Board at
the conclusion of the 2019 AGM and will not therefore be seeking
re-election by shareholders. As a consequence, he will step down as
Chair of the Financial System Vulnerabilities Committee (FSVC) and
will be succeeded by Jack Tai, Chair of the Group Risk Committee
(GRC), who will continue the programmed transition of the FSVC's
responsibilities to the GRC.
The Board would like to thank Lord Evans for his important and
valuable contribution, in particular in his role leading the FSVC
over the past six years.
There are no matters relating to the retirement of Lord Evans that
need to be brought to the attention of the Company's
shareholders.
For and on behalf of
HSBC Holdings plc
Ben J S Mathews
Group Company Secretary
Supplementary information:
As an independent non-executive Director, Dr Meade will not have a
service contract with HSBC Holdings plc and will be paid a
Director's fee of £110,000 per annum, pursuant to the
Directors' remuneration policy approved by shareholders at the 2016
Annual General Meeting.
Dr Meade's appointment as a Director of HSBC Holdings plc is
subject to election by shareholders at the 2019 Annual General
Meeting and re-election annually thereafter.
Dr Meade 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 HSBC Holdings plc within the meaning of Part XV of the
Securities and Futures Ordinance.
There are no matters relating to the appointments of Dr Meade 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 Dr Meade
PhD in Economics from Yale University
Bachelor's degree in Economics with honors from the Instituto
Tecnológico Autónomo de México
(ITAM)
Law degree from the Universidad Nacional Autónoma de
México (UNAM)
2. The Board of Directors of HSBC Holdings plc as at the date of
this announcement is:
The Board of Directors of HSBC Holdings plc as at the date of this
announcement comprises: Mark Tucker*, John Flint, Kathleen
Casey†, Laura Cha†, Henri de Castries†, Lord
Evans of Weardale†, Irene Lee†, Heidi Miller†,
Marc Moses, David Nish†, Ewen Stevenson, Jonathan
Symonds†, Jackson Tai† and Pauline van der Meer
Mohr†.
* Non-executive Group Chairman
† Independent non-executive Director
3. HSBC Holdings plc
HSBC Holdings plc, the parent company of the HSBC Group, is
headquartered in London. The Group serves customers worldwide
across 66 countries and territories in Europe, Asia, North and
Latin America, and the Middle East and North Africa. With assets of
US$2,558bn at 31
December 2018, 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:
Ben J S Mathews
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Title:
Group Company Secretary
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Date:
25 February 2019
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