HSBC CSO demoted from executive committee amid cost-cutting reshuffle
In February, the bank was advised by its board to refocus its sustainability strategy on execution.
HSBC’s Chief Sustainability Officer (CSO) Celine Herweijer has been removed from the bank’s executive committee as part of a reshuffle meant to simplify the group’s structure and cut costs.
The CSO will no longer form part of the leading decision-making executive committee at the bank – which will now be called the operating committee – from January 2025, after three and a half years.
