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Senior Appointments
28 February 2003
Sir Keith Whitson is to retire at the Annual General Meeting on 30 May 2003 after 42 years service with HSBC. Sir Keith, who will be 60 at the end of March, has been Group Chief Executive since 1998.
Sir Keith will be succeeded by Stephen Green (54) currently Executive Director, Corporate, Investment Banking and Markets. In addition to retaining his existing responsibilities, Mr Green will oversee all other HSBC businesses, including personal financial services, commercial banking and insurance. Mr Green joined HSBC in 1982.
Alan Jebson (53) currently Group IT Director, has been appointed to the new position of Chief Operating Officer with effect from 30 May 2003. Mr Jebson, who has worked for HSBC since 1978, will report to Stephen Green and will be responsible for HSBC’s worldwide operational functions and for managing certain head office departments.
HSBC Group Chairman Sir John Bond said: “Keith has devoted his entire working life to HSBC. He is an outstanding colleague with exceptional abilities and has made an immense contribution to our success. He has also served the banking industry as a whole with great distinction. We wish him and his family every happiness in the future.
“At the same time one of HSBC’s key characteristics is the strength of its management team. Stephen is extremely well qualified for his new appointment and I am confident that he will be a highly effective Group Chief Executive. Similarly, Alan’s talents have been apparent to us for many years. His appointment as Chief Operating Officer reflects the continuing evolution of HSBC and the importance we attach to operational efficiency in serving our customers around the world.”
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