Hess Midstream makes leadership, board changes following Chevron deal completion

Hess Midstream LP, Houston, has made leadership changes now that the deal between Chevron Corp. and Hess Corp. is complete. As a result of the merger, Chevron beneficially owns Hess’ 37.8% interest in Hess Midstream on a consolidated basis.

Hess Midstream’s general partner has appointed new members to its board of directors and has appointed new executive officers.

Effective immediately, John B. Hess, chairman and chief executive officer; Gregory P. Hill, president and chief operating officer of Hess Corp.; and John P. Rielly, executive vice-president and chief financial officer of Hess Corp. will leave the Hess Midstream board.

Andy Walz, president, Chevron Downstream, Midstream & Chemicals, will join the board and serve as chairman. Joining Walz on the board from Chevron are Kristen Ghattas and Kristi McCarthy. Gerbert Schoonman will remain on the board.

Hess Midstream’s three independent directors, Stephen J.J. Letwin, David W. Niemiec and John P. Reddy will remain on the Board and will continue to serve on the Audit Committee of the Board. Hess Midstream expects to appoint a fourth independent Board member.

Jonathan C. Stein, currently chief financial officer of Hess Midstream, has been named chief executive officer, succeeding John B. Hess. Michael J. Chadwick was appointed chief financial officer, succeeding Stein. Chadwick has held increasingly senior financial roles since he joined Hess in 2000, most recently serving as vice-president and controller since 2022.