leadership
confidence high
sentiment neutral
materiality 0.65
Chevron closes Hess merger; Hess Midstream gets new board, Jonathan Stein named CEO
Hess Midstream LP
- Chevron indirectly owns ~37.8% consolidated interest in Hess Midstream after Merger completion.
- John B. Hess, Gregory Hill, John Rielly resign from board; Andy Walz (Chevron) becomes Chairman.
- Jonathan Stein promoted from CFO to CEO; Michael Chadwick appointed CFO; Gabriela Boersner named GC.
- Three independent directors (Letwin, Niemiec, Reddy) remain; fourth independent to be appointed.
- New officers are Chevron employees; receive no additional compensation from Hess Midstream.
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