7 January 2004
Charles de Croisset, Chairman and Chief Executive Officer of CCF since 1993, and an Executive Director of HSBC Holdings plc since 2000, is to retire from the HSBC Group at the end of February 2004.
Subject to Board approval, Mr de Croisset will be succeeded as Chairman and Chief Executive Officer of CCF by Charles-Henri Filippi, currently Group General Manager and Global Head of Corporate and Institutional Banking at HSBC. Mr Filippi, who joined CCF in 1987, will also coordinate the HSBC Group’s strategy in the eurozone.
HSBC Group Chairman, Sir John Bond, said: “Charles has led CCF with great distinction and has made a very significant contribution to the HSBC Board. Under his stewardship CCF has become one of the most respected banks in France. It was his vision which brought CCF successfully into HSBC to the benefit of both organisations. We shall miss having Charles as a colleague but we are fortunate that as talented and experienced an executive as Charles-Henri is succeeding him.”
Charles de Croisset will retire from the Boards of HSBC Holdings plc and HSBC Bank plc on 27 February 2004 and 25 February 2004 respectively.
