Elliott Comments on Appointment of Checki to Hess Board

NEW YORK--(BUSINESS WIRE)--

Elliott Management Corporation (“Elliott”), one of the largest shareholders of Hess Corporation HES, today commented on Hess' announcement that it will appoint Terrence J. Checki to its Board of Directors, replacing John Krenicki Jr.

Elliott, affiliates of which beneficially own in excess of 5.3% of the common stock of Hess Corporation, is a multi-strategy investment firm with deep experience investing in public and private companies.

The statement is as follows:

“As one of the largest shareholders of Hess, we are delighted to have Terrence J. Checki joining the Board. We have known Terry for many years and think he will be a terrific, independent director. We also thank John Krenicki, Jr for his service and wish him the best in his future endeavors.

We look forward to the Board's continued commitment to repositioning Hess in order to increase shareholder value.”

About Elliott Management Corporation

Elliott Management Corporation manages two multi-strategy hedge funds which combined have more than $23 billion of assets under management. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest hedge funds under continuous management. The Elliott funds' investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm.