# HSBC Holdings PLC Group CEO John Flint Steps Down

- Link: https://www.directorstalkinterviews.com/hsbc-holdings-plc-group-ceo-john-flint-steps-down/412789357
- Published: 2019-08-05T07:25:47+01:00
- Author: Giles Arbor

**[HSBC Holdings plc](https://www.directorstalkinterviews.com/ftse-company/hsbc-holdings-plc/hsba.l)**(
[LON: HSBA](https://www.directorstalkinterviews.com/ftse-company/hsbc-holdings-plc/hsba.l))
announced today that John Flint has today stepped down as Group Chief Executive 
and as a Director by mutual agreement with the Board. Although not carrying out 
his day-to-day duties after today, he remains available to assist HSBC with the 
transition.

**Mark Tucker, Group Chairman of HSBC Holdings, said:**

> “On behalf of the Board, I would like to thank John for his personal commitment,
> dedication and the significant contribution that he has made over his long career
> at the Bank. Today’s positive interim results particularly reflect John’s achievements
> as Group Chief Executive.
> “HSBC is in a strong position to deliver on its strategy. In the increasingly 
> complex and challenging global environment in which the Bank operates, the Board
> believes a change is needed to meet the challenges that we face and to capture
> the very significant opportunities before us.”

**John Flint said:**

> “It has been a privilege to spend my entire career with HSBC, rising from International
> Officer Trainee to serve as Group Chief Executive. I am grateful to my wonderful
> colleagues at the Bank for their support during my career, and I am proud of what
> we achieved together.
> “I have agreed with the Board that today’s good interim results indicate that 
> this is the right time for change, both for me and the Bank. After almost 30 years
> with HSBC, I will be sad to leave but I do so looking forward to a new personal
> challenge, and confident that our people will continue to serve the Bank’s stakeholders
> in the best possible way.”

The Board has initiated a process to find a new Group Chief Executive. The Board
will be considering internal and external candidates.

During the search period the Board has asked Noel Quinn to assume the role of interim
Group Chief Executive until a successor is appointed and to join the Board as an
Executive Director. The appointment is subject to regulatory approval. Mr Quinn 
is Chief Executive, Global Commercial Banking, a position he has held since 2015.
He brings a track record of business success, strong client relationships and deep
global expertise from his 32 years with HSBC.

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