U.S. Markets closed

Elliot says 'delighted' to have Terrence Checki joining Hess Corp. board

Elliott Management, one of the largest shareholders of Hess, commented on Hess’ announcement that it will appoint Terrence J. Checki to its Board of Directors, replacing John Krenicki Jr. Elliott, affiliates of which beneficially own in excess of 5.3% of the common stock of Hess Corporation, is a multi-strategy investment firm with deep experience investing in public and private companies. The statement is as follows: “As one of the largest shareholders of Hess, we are delighted to have Terrence J. Checki joining the Board. We have known Terry for many years and think he will be a terrific, independent director. We also thank John Krenicki, Jr for his service and wish him the best in his future endeavors. We look forward to the Board’s continued commitment to repositioning Hess in order to increase shareholder value.”