Hess Midstream LP Appoints New CFO and CEO Following Chevron Merger
ByAinvest
Friday, Jul 18, 2025 11:41 am ET1min read
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Jonathan Stein, who most recently served as the Chief Financial Officer of Hess Midstream, has been promoted to the role of CEO. Stein's appointment reflects a strategic shift aimed at integrating the combined operations of Hess and Chevron. In his new role, Stein will oversee the midstream company's growth and operational performance, focusing on delivering significant shareholder returns [1][2].
Michael Chadwick, who has held increasingly senior financial roles at Hess since 2000 and most recently served as Vice President and Controller since 2022, has been appointed as the new Chief Financial Officer. Chadwick's extensive experience in financial management positions him to lead the financial operations of Hess Midstream effectively [1][2].
The merger has also led to changes in the composition of Hess Midstream's Board of Directors. John B. Hess, Gregory P. Hill, and John P. Rielly have left the board, while Andy Walz, President of Chevron's downstream, midstream, and chemicals, has joined the board and will serve as chairman. Additionally, Kristen Ghattas and Kristi McCarthy will join the board, and Gerbert Schoonman will remain a member. The three independent directors, Stephen J.J. Letwin, David W. Niemiec, and John P. Reddy, will continue to serve on the board and will remain on the audit committee [1][3].
Hess Midstream expects to appoint a fourth independent board member in the near future. The company is committed to maintaining strong operational and financial performance and continuing to drive shareholder value underpinned by its performance [1][2][3].
References:
[1] https://finance.yahoo.com/news/hess-midstream-lp-announces-changes-130000722.html
[2] https://www.marketscreener.com/news/hess-midstream-mixes-up-leadership-team-following-chevron-hess-merger-ce7c5cdede80f02c
[3] https://www.businesswire.com/news/home/20250718987699/en/Hess-Midstream-LP-Announces-Changes-to-the-Board-of-Directors-and-Leadership-Transition
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HESM--
Hess Midstream LP has announced changes to its CFO following the merger between Hess Corporation and Chevron Corporation. Jonathan C. Stein has been appointed CEO, succeeding John B. Hess, and Michael J. Chadwick has been appointed CFO, succeeding Stein. Chadwick has held senior financial roles at Hess since 2000 and most recently served as Vice President and Controller since 2022.
Hess Midstream LP (NYSE: HESM) has announced significant changes to its executive leadership following the completion of the merger between Hess Corporation and Chevron Corporation. The changes include the appointment of Jonathan C. Stein as the new CEO, succeeding John B. Hess, and Michael J. Chadwick as the new Chief Financial Officer, succeeding Stein [1][2].Jonathan Stein, who most recently served as the Chief Financial Officer of Hess Midstream, has been promoted to the role of CEO. Stein's appointment reflects a strategic shift aimed at integrating the combined operations of Hess and Chevron. In his new role, Stein will oversee the midstream company's growth and operational performance, focusing on delivering significant shareholder returns [1][2].
Michael Chadwick, who has held increasingly senior financial roles at Hess since 2000 and most recently served as Vice President and Controller since 2022, has been appointed as the new Chief Financial Officer. Chadwick's extensive experience in financial management positions him to lead the financial operations of Hess Midstream effectively [1][2].
The merger has also led to changes in the composition of Hess Midstream's Board of Directors. John B. Hess, Gregory P. Hill, and John P. Rielly have left the board, while Andy Walz, President of Chevron's downstream, midstream, and chemicals, has joined the board and will serve as chairman. Additionally, Kristen Ghattas and Kristi McCarthy will join the board, and Gerbert Schoonman will remain a member. The three independent directors, Stephen J.J. Letwin, David W. Niemiec, and John P. Reddy, will continue to serve on the board and will remain on the audit committee [1][3].
Hess Midstream expects to appoint a fourth independent board member in the near future. The company is committed to maintaining strong operational and financial performance and continuing to drive shareholder value underpinned by its performance [1][2][3].
References:
[1] https://finance.yahoo.com/news/hess-midstream-lp-announces-changes-130000722.html
[2] https://www.marketscreener.com/news/hess-midstream-mixes-up-leadership-team-following-chevron-hess-merger-ce7c5cdede80f02c
[3] https://www.businesswire.com/news/home/20250718987699/en/Hess-Midstream-LP-Announces-Changes-to-the-Board-of-Directors-and-Leadership-Transition
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