Hess Toy Trucks To Continue
While Hess is getting out of the gas station business and ridding itself of its energy trading and marketing businesses it is staying in the toy truck business.
"Following today's news, we want our fans to know that the Hess toy truck, which has been a tradition for 48 years, will continue," posted the company on its Hess Toy Truck Facebook page.
The new truck design is unveiled in the fall to great anticipation at Hess retail locations.
The Facebook post also sounded optimistic that Hess stations aren't closing anytime soon. "Our long-standing commitment to deliver secure supply, competitive prices, and industry-leading service to our customers will not change. Operated by great people, our businesses are strong, profitable and will be well situated for the future," posted Hess.
The oil company says it is shifting focus further into exploration and production. It's also nominating a slate of six independent directors to the company board, rejecting the nominees chosen by Elliott Management. The hedge fund is one of the Hess' largest shareholders and last month accused the board of "poor oversight," saying the company's management was responsible for more than a "decade of failures."
The company was not clear about the fate of its retail locations in today's announcement.
The Associated Press contributed to this story.