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Mr. Checki, 68, is stepping down from his post as one of the senior-most
officials at the New York Fed, sitting on its Management Committee and
playing a key role in the Federal Reserve’s efforts to keep markets and
financial institutions functioning during the 2008 financial crisis.
Prior to announcing his intention to retire from the Bank during the
first quarter of 2014, he served as executive vice president and head of
the
Mr. Checki said, “I am honored to have the opportunity to join the world class Hess Board. I look forward to working together with the Board and management as the Company continues to successfully execute on its strategy to drive growth and increase shareholder value.”
Mr. Checki will replace
Mr. Krenicki said, “Hess has had a remarkable year since I joined its Board and I am proud to have played a role in its success. I enjoyed my time working alongside this outstanding group of directors, whom I wish well. I have been, and remain, fully supportive of Hess’ strategic plan and I am confident that the Company will continue to build on its strong momentum in 2014 and in future years.”
Mr. Williams concluded, “John has been an invaluable Board member over the past year, and on behalf of the Company and the entire Board, I want to thank him for his service. We wish him all the best for the future.”
Source:
For Hess Corporation
Investor:
Jay Wilson,
212-536-8940
or
Media:
Sard Verbinnen & Co
Michael
Henson/Patrick Scanlan
212-687-8080