Effective June 24, The Goldman Sachs Group (GS) appointed John B. Hess as an independent member of the bank’s Board of Directors. Hess has also been appointed to each of the company’s Compensation, Corporate Governance and Nominating, and Risk Committees. Hess is the CEO of Hess Corporation (HES) and the Chairman and CEO of Hess Midstream LP (HESM). During 2023, Goldman Sachs served as financial advisor to Hess Corporation in connection with the announced sale of Hess Corporation to Chevron (CVX). In May 2023, Goldman Sachs acted as an underwriter in an approximately $330M public common stock offering for Hess Midstream in which an affiliate of Hess Corporation was a selling shareholder and received approximately $167M of the proceeds of the offering.
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