HSBC Plans to Name Successor to Chairman Flint Next Year
- Replacement to lead search for new chief executive officer
- Douglas Flint has been executive chairman since 2010
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HSBC Holdings Plc said it plans to nominate a successor next year for chairman Douglas Flint, who along with Chief Executive Officer Stuart Gulliver make up the longest-serving duo at the helm of a major European bank.
The search has started, though the exact timing will depend upon “identifying and securing the appropriate candidate,” and Flint will remain as long as necessary to “ensure a smooth transition,” the London-based company said in a notice of its annual general meeting. The next chairman will “lead the process for selecting the next group CEO in due course.”