|
|
27 Sep 2010
HSBC has confirmed that group finance director Douglas Flint will be the bank's new chairman.
Flint will succeed Stephen Green as group chairman from 3 December. Stuart Gulliver will be appointed group chief executive, following Michael Geoghegan's decision to retire early next year.
"The appointment of Douglas Flint, made by a unanimous decision of the board, is the culmination of a comprehensive succession process begun in the first half of the year under the leadership of the senior independent non-executive director," said an HSBC statement.
Flint will step down as a non-executive at BP at its AGM in April 2011 to devote more time to his new role at HSBC.
He was awarded Accountancy Age's outstanding industry achievement award last year.
"It is a privilege and I am deeply honoured to become chairman of HSBC. Our industry is in the midst of fundamental change which will define how banks operate. At the same time we need to restore trust in the banking industry by learning from mistakes made in recent years," said Flint in the statement.
Iain Mackay takes over from Flint as group finance director from 3 December.
He joined as North American CFO in 2007 and is a member of ICAS.
Further reading:
HSBC's Douglas Flint - Mr Popular
Video: Douglas Flint interview, part one
You may also like
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.
In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment