HSBC axes chief in shock move to speed up changes
Differences with the new chair arose over John Flint’s softer approach to cutting expenses, says source
05 August 2019 - 17:49
Hong Kong/London — HSBC ousted CEO John Flint after just 18 months in that role, in a surprise move that the lender’s chair said was necessary to accelerate progress of its strategic priorities.
Flint’s exit was disclosed by HSBC early on Monday along with its half-yearly results which had been scheduled for release later in the day. A person familiar with the matter said his exit was a result of differences over the execution of his strategy...
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