Hess Corporation HES (“Hess” or “the Company”) today announced
that, after consulting with its shareholders, it will separate the role
of Chairman and Chief Executive Officer immediately following its Annual
Meeting to be held on Thursday, May 16 in Houston, TX. John Krenicki,
former Vice Chairman of GE, has agreed to serve as Non-Executive
Chairman, if he is elected together with the other Hess nominees.
John Krenicki said, “There is tremendous value in Hess, and management
is executing on a clear and measurable plan that is already unlocking
that value. Many shareholders with whom my fellow nominees and I have
met over the past few months confirm and support this view. I speak for
all of Hess' nominees in stating
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