HSBC appoints Rachel Duan to Board of Directors
HSBC Holdings plc (LON:HSBA) today announced the appointment of Rachel Duan as an Independent non-executive Director of the company. The appointment is effective September 1, 2021. Ms Duan will also be appointed as a member of the Group Remuneration Committee and the Nomination & Corporate Governance Committee.
Ms Duan brings significant Asia and international leadership experience and business acumen to the Board. Most recently, she served as Senior Vice President of General Electric (GE) and President & CEO of GE’s Global Markets, where she was responsible for driving GE’s growth in China, Asia Pacific, India, the Middle East, Africa, and Latin America. She currently serves on the boards of AXA, since 2018, and Sanofi, since 2020, as an independent non-executive director.
Also today, HSBC announced that Henri de Castries and Heidi Miller do not intend to seek re-election to the Board at the Company’s Annual General Meeting (AGM) to be held on May 28, 2021. Both Mr de Castries, and Ms. Miller will formally retire from the Board at the conclusion of the AGM.
Ms. Miller’s retirement from the Board will mean that she also steps down from her role as Chair of our US subsidiary, HSBC North America Holdings Inc. and will hand over her responsibilities as Chair to Jamie Forese.