Hess corporation announces change of senior vice president, global production

Michael r. turner, senior vice president, global production at hess corporation, will take early retirement effective april 3, 2020. in connection with mr. turner's early retirement, the company promoted gerbert schoonman, vice president, offshore, to senior vice president, global production effective january 1, 2020. mr. schoonman has almost 30 years of experience in the international oil and gas industry. since joining the company in 2011, he served in various operational leadership roles, including as vice president, production asia pacific, from january 2011 through august 2012; vice president, onshore bakken from september 2012 through december 2016; and most recently, as vice president, offshore since january 2017. prior to joining the company, he spent 20 years with shell where he served in operational and leadership roles of increasing responsibility. mr. turner will remain with the company for the first quarter of 2020 to assist with the transition. in connection with mr. turner's early retirement in 2020, the company has entered into a separation agreement with mr. turner pursuant to which he will be eligible to receive severance payments totaling two times his annual base salary and target bonus, subject to customary waivers, releases, non-solicitation and non-disparagement provisions and an agreement by mr. turner not to compete with the company for two years from the date of his retirement.
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