John Rielly, the former CEO of Hess Corporation, holds a Bachelor’s degree in Accounting from the University of Delaware. He has a strong background in finance and has been a key figure at Hess since 2013. Rielly's compensation was closely...
John Rielly, the former CEO of Hess Corporation, holds a Bachelor’s degree in Accounting from the University of Delaware. He has a strong background in finance and has been a key figure at Hess since 2013. Rielly's compensation was closely tied to the company's performance, with his biggest pay year reaching $5.3 million in 2018, mostly coming from cash bonuses based on enterprise performance targets. He faced the challenges of the COVID-19 pandemic in 2020, which notably affected bonus payouts. Interestingly, Rielly has significant experience as a financial officer, having previously worked at Ernst & Young for over 16 years, where he developed his skills in accounting and risk management. Under his leadership, Hess Corporation made important strategic decisions, like focusing on long-term growth and corporate governance practices. He also oversaw the company's risk management and internal controls for financial reporting. Rielly is known for managing substantial stock holdings, peaking at over $48 million in 2023, indicating that he is invested in the company’s success. His leadership has connected him closely to the company’s financial health and strategic direction, illustrating how CEOs must balance personal wealth with corporate performance.