Hess CEO Appointed to KKR Board of Directors

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Hess CEO Appointed to KKR Board of Directors


NEW YORK -- John B. Hess., chairman and CEO of Hess Corp., has joined the board of directors of KKR, a global investment firm based here. His appointment, effective yesterday, increases the number of independent directors on KKR's board to six out of the eight board seats, the company reported.

Hess, 57, has served in his current roles at the oil company since 1995 and as a director of Hess Corp. since 1978. He has been a director of Dow Chemical Co. since 2006 and also serves on the Business Council, the Trilateral Commission and the Council on Foreign Relations.

In addition, Hess serves as a member of the board of directors of Lincoln Center for the Performing Arts, and is also a member of the board of trustees for the New York Public Library, Mount Sinai Hospital, the Wildlife Conservation Society/New York Zoo and the Center for Strategic and International Studies.

KKR's other independent directors include Joseph A. Grundfest; a Stanford law professor and former Commissioner of the Securities and Exchange Commission; Dieter Rampl, chairman of Unicredit Group; Patricia A. Russo, former CEO of Alcatel-Lucent; Thomas M. Schoewe, former CFO of Walmart; and Robert W. Scully, former member of the Office of the Chairman of Morgan Stanley. The investment firm maintains 14 offices around the world and had $61 billion in assets under management as of March 31.