Mark Williams, chairman of the Hess Corp. (NYSE: HES) board of directors, has announced his retirement, effective immediately, due to health reasons. James Quigley, former CEO of Deloitte and a current director of Hess, has been named by the board to succeed Williams, also effective immediately.
In 2012, Quigley was named trustee of the International Financial Reporting Standards (IFRS) Foundation, the oversight body of the International Accounting Standards Board (IASB). He is also a member of the boards of directors of Wells Fargo and Merrimack Pharmaceuticals. He previously was co-chairman of the Transatlantic Business Dialogue, a director of the Center for Audit Quality, a trustee of the Financial Accounting Foundation, a member of the US Securities and Exchange Commission Advisory Committee on Improvements to Financial Reporting.