Goldman Sachs Appoints John B. Hess to Board

Goldman Sachs Group, Inc. (NYSE: GS) has appointed John B. Hess as an independent director of the Board, effective June 24, 2024. Mr. Hess, who has been serving as the Chief Executive Officer of Hess Corporation since 1995, will also become a member of each of the Board’s Compensation, Governance, and Risk Committees. Hess, who has been a Director of Hess Corporation since 1978, previously served as its Chairman of the Board from 1995-2013.

Upon closing of the announced sale of Hess Corporation to Chevron Corporation, Mr. Hess will retire from his roles at Hess Corporation and Hess Midstream LP and will join the Board of Directors of Chevron. David Solomon, Chairman and Chief Executive Officer of Goldman Sachs, expressed his pleasure in welcoming John Hess to the Board and highlighted the benefits of Hess's nearly 30 years of experience as a public company CEO leading the development and execution of Hess Corporation’s strategic transformation and driving growth across global markets.

David Viniar, Lead Director, also shared his excitement about Hess's addition to the Board, emphasizing his deep and informed expertise across a broad range of topics, from strategic development and operating a global business to public company leadership and governance experience. The addition of John Hess to the Board is expected to further the depth and breadth of the skills and experiences represented on the Goldman Sachs Board.

Goldman Sachs, founded in 1869 and headquartered in New York, is a leading global financial institution that delivers a broad range of financial services to a large and diversified client base that includes corporations, financial institutions, governments, and individuals. The market has reacted to these announcements by moving the company's shares 2.6% to a price of $462.09. Check out the company's full 8-K submission here.

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