The Rising Influence of Rising Affluence

[DewDiligence]

HES adds (retiring) Federal Reserve official to BoD:

http://www.sec.gov/Archives/edgar/data/4447/000095012714000006/a14-28_ex99point1.htm

Hess Corporation today announced that its Board of Directors will appoint Terrence J. Checki, a Management Committee member at the Federal Reserve Bank of New York, to the Company’s Board of Directors, effective May 1, 2014.

Mr. Checki, 68, is stepping down from his post as one of the senior-most officials at the New York Fed, sitting on its Management Committee and playing a key role in the Federal Reserve’s efforts to keep markets and financial institutions functioning during the 2008 financial crisis.Prior to announcing his intention to retire from the Bank during the first quarter of 2014, he served as executive vice president and head of the Emerging Markets and International Affairs Group.

…Mr. Checki will replace John Krenicki Jr., who intends to resign from the Board effective May 1, 2014 due to other professional commitments as a Partner of Clayton, Dubilier & Rice, LLC.