Chevron Corp. is willing to leave Hess Corporation CEO John Hess out of its Board of Directors should that guarantee the merger deal between the two companies can be closed, the Financial Times reported on Thursday citing sources.
A previous report from Reuters claimed that the United States Federal Trade Commission (FTC) said the transaction wouldn't be able to move forward if Hess takes a position on the board. No explanation was given on why the US regulator wanted to exclude him.
The green light from the FTC could come as soon as this week.