An experienced investor and operator with a focus on the US energy supply chain, Michael Hess brings over 15 years of experience evaluating, financing, and developing energy infrastructure, logistics, and services businesses. Having started his career in the energy groups at Goldman Sachs and KKR, Hess then co-founded the Bison Companies, where he has helped lead the companies’ efforts in strategy, finance, and business development across Bison’s portfolio—spanning oil and gas development, water infrastructure, and payments for the US energy supply chain. He currently serves as the Chief Investment Officer of Hess Capital, a private and public investment arm of the Hess family.
Following his appointment, Hess commented: “I have been closely following the critical minerals space, looking for opportunities that align with America’s strategic interests. TMC is uniquely positioned to help unlock a multi-generational domestic supply of key metals, and I look forward to contributing to the Board as the company advances toward commercial production and helps chart a new course for US mineral independence.”
Alongside Mr. Hess, TMC also announced the appointment of a well-known litigator and investor, Alex Spiro, to its Board. Mr. Spiro has spent more than a decade representing and advising major corporations and their Chief Executives on high-priority issues. Mr. Spiro has represented numerous high-profile clients across sectors and is widely regarded for his work in complex litigation. Beyond his legal practice, he is an active investor and advisor to technology, mining, and energy companies and brings broad expertise in corporate governance, public markets, and regulatory affairs.
Mr. Spiro commented: “As TMC advances its US-based strategy to unlock a new domestic source of critical minerals, I’m pleased to join the Board at such a pivotal moment. My background in law and regulatory matters aligns well with the Company’s focus on navigating a complex legal landscape in an expedited fashion while staying firmly grounded in science, transparency, and compliance.”
Gerard Barron, Chairman and CEO of TMC, commented: “As we move into this next phase of execution focused on the US market, I’m delighted to welcome Michael and Alex to our Board. Michael brings a strong network and experience as an investor and operator in the US energy market, and his strategic insight and relationships across the US will be invaluable as we build toward commercial operations. Alex’s deep legal expertise, capital markets experience, and sharp counsel are already proving to be significant assets to the Company as we work with NOAA to advance our applications and the new Administration.”
The appointments follow TMC’s recently announced US commercial permit application and come as the Company builds momentum in response to a new Executive Order designating seabed minerals as critical to US national, economic, and energy security and authorizing the expediting of the permitting process.