Wednesday, June 13, 2012

Chesapeake Getting Closer to Decision on Chairman

From Yahoo:
WASHINGTON (Reuters) - Chesapeake Energy Corp's (CHK)board of directors is close to a decision on who the U.S. oil and gas company's new independent chairman will be, a board member said on Tuesday 
"We're getting close, I hope," Don Nickles, a member of Chesapeake's board and former U.S. Senator from Oklahoma told reporters after a hearing in Washington. "We were trying to get it done before our annual meeting. We didn't quite get it done, but we were close." 
Chesapeake held its annual meeting on Friday. At the meeting, shareholders rejected the re-election of board members Burns Hargis and Richard Davidson, who have since tendered their resignations.
Read the rest of the article here.

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