Oil major Chevron has announced that John B. Hess has joined its board of directors.
The development follows Chevron’s acquisition of Hess Corporation, where Hess served as chairman and later also as CEO. He oversaw the company’s transformation into a global independent firm focused on exploration and production.
Chevron, which makes grease under the Texaco brand, gained access to additional resources through the acquisition. The most notable of these is Hess’s stake in the Guyana Stabroek block, which is operated by ExxonMobil, the maker of Mobil DTE hydraulic oil.
Chevron CEO and Chairman Mike Wirth welcomed Hess to the board. He said the company would benefit from Hess’s experience and relationships as an esteemed industry leader. Hess himself said in a press release:
“I am delighted to join Chevron’s Board of Directors at such an important time for the energy industry. I look forward to working with the Board and leadership team to advance the company’s mission to meet the world’s growing energy needs safely and responsibly and to create significant value for shareholders.”
Hess holds an MBA from Harvard Business School, where he sits on the Board of Dean’s Advisors. He also has a bachelor’s degree from Harvard College. In addition to working at Hess, he has sat on the trustee board for the Center for Strategic and International Studies and Goldman Sachs’ Board of Directors. He has also chaired the board of the American Petroleum Institute and served on the Quadrennial Review Task Force for the Secretary of Energy Advisory Board.
