Elliott Management Corporation (“Elliott”), one of the largest
shareholders of Hess Corporation HES, today issued the following
statement:
“Consistent with Hess's promise to refresh the Board, Elliott proposes
that all Shareholder Nominees and all Management Nominees step onto a
reconstituted Board—the size and composition to be agreed upon.
Shareholders want real change and a renewed Board. Hess has promised
such renewal and this solution will follow through on that promise. The
Shareholder Nominees look forward to working with the reconstituted
Board to restore accountability and investor confidence that will
maximize value for all Hess Shareholders.”
www.reassesshess.com.
See full press release
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