Goldman Sachs Group Inc. has appointed John B. Hess as an independent director of its board with effect from June 24. Hess will serve on the board’s compensation, governance, and risk committees, Goldman Sachs said in a press release.
Hess has served as chief executive officer of Hess Corp. since 1995, and director since 1978. He has also served as chairman and CEO of Hess Midstream LP since 2014. He previously served as Hess Corp’s board chairman from 1995 to 2013.
Hess had also served as an independent director at KKR & Co. Inc. and Dow Chemical Co.
He is to retire from Hess and Hess Midstream after Chevron Corp. completes its acquisition of the company. He is to join the Chevron’s board.
“I know that our Board, our management team and our shareholders will benefit from his nearly 30 years of experience as a public company CEO leading the development and execution of Hess Corporation’s strategic transformation and driving growth across global markets”, David Solomon, chairman and chief executive officer of Goldman Sachs, said.
“John has deep and informed expertise across a broad range of topics, from strategic development and operating a global business to public company leadership and governance experience. His addition will further the depth and breadth of the skills and experiences represented on our Board and we look forward to benefiting from his insights”, added lead director David Viniar.
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