Chairman Mark Williams Retires; Director James Quigley Named
Chairman
NEW YORK--(BUSINESS WIRE)--Mar. 2, 2016--
Hess Corporation (NYSE:HES) announced today that Dr. Mark Williams,
Chairman of the Board of Directors, has announced his retirement,
effective immediately, due to health reasons. James Quigley, former
chief executive officer of Deloitte and a current director of Hess, has
been named by the Board to succeed Dr. Williams, also effective
immediately.
On behalf of the Board of Directors, John Hess, Chief Executive Officer,
and James Quigley said: “It has been a privilege and pleasure to work
with Mark, as we have taken important steps together to preserve our
financial strength and build our portfolio of high quality assets,
especially in the current oil price environment. Today, the company is
well positioned to achieve strong growth and financial performance when
oil prices recover. On behalf of the entire Board, we extend our sincere
gratitude to Mark for his service and wish him and his family well.”
James Quigley
Mr. Quigley led Deloitte, one of the world's largest accounting and
consulting firms. In 2012, Mr. Quigley was named Trustee of the
International Financial Reporting Standards (IFRS) Foundation, the
oversight body of the International Accounting Standards Board (IASB).
Mr. Quigley is also a member of the boards of directors of Wells Fargoand Merrimack Pharmaceuticals. He previously was co-chairman of the
Transatlantic Business Dialogue, a director of the Center for Audit
Quality, a trustee of the Financial Accounting Foundation and a member of
the U.S. Securities and Exchange Commission Advisory Committee on
Improvements to Financial Reporting.
About Hess:
Hess Corporation is a leading global independent energy company engaged
in the exploration and production of crude oil and natural gas. More
information on Hess Corporation is available at http://www.hess.com.
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Source: Hess Corporation
For Hess Corporation
Investors:
Jay Wilson,
212-536-8940
or
Media:
Sard Verbinnen & Co
Michael
Henson/Patrick Scanlan, 212-687-8080
