NEW YORK, June 24 (Reuters) - John Hess, CEO of Hess
Corp ( HES ), has joined the board of Goldman Sachs ( GS ) as
independent director, the Wall Street firm said on Monday.
He is the latest addition to the board after senior
banking executive Tom Montag joined as an independent director
last year.
He will also become a member of the Goldman board's
compensation, governance and risk committees, the statement
said.
Hess Corp ( HES ) did not offer a comment on the matter.
Since 1995, Hess has served as chief executive officer
of Hess Corp ( HES ), which is being sold to Chevron ( CVX ) in a $53
billion deal, which is still under review by U.S. regulators.
The deal is also embroiled in an arbitration battle with
Exxon Mobil ( XOM ) and CNOOC, Hess' partners in a
lucrative Guyana oil-production joint venture.
Goldman Sachs ( GS ) is advising Hess on the deal.
"Advising companies and their management teams is a core
part of our business, and we're thrilled to have John Hess, a
long-standing client, join our board," Goldman said in an email.
Hess will retire from his company roles and join the board
of directors of Chevron ( CVX ). He has also served as an independent
director at KKR & Co ( KKR ) and Dow Chemical in the past.
Goldman Sachs ( GS ) CEO David Solomon said in the statement the
company's board, management team and shareholders will benefit
from Hess' nearly 30 years of experience as a public company
CEO.