Reported 11 days ago
U.S. antitrust regulators will prevent Hess CEO John Hess from joining Chevron's board as part of the approval for Chevron's $53 billion acquisition of Hess. This decision follows a trend of blocking executives in major oil mergers, echoing similar actions in other recent deals. The FTC has not provided specific reasons for this ban, which has sparked speculation about Hess's future role within Chevron.
Source: YAHOO