New Chesapeake Chairman Should Be Announced This Week

From State Journal:
Oklahoma City-based Chesapeake Energy Corp. is expected to name a new chairman this week, although the 23-year-old company has given no indication who that will be. 
Aubrey McClendon has agreed to step down as chairman of the company he co-founded in 1989 after questions were raised about the company's corporate governance and a report that he secured up to $1.1 billion in personal loans, including loans from a private equity firm that does business with Chesapeake. 
McClendon will remain as chief executive officer. 
Chesapeake has said it will name a new chairman and four new board members by June 22, but the company has yet to formally accept the resignations of two directors who were denied re-election at Chesapeake's June 8 annual meeting.
Read the rest of the article here.

Connect with us on Facebook and Twitter!

Popular posts from this blog

Fracktivist in Dimock Releases Carefully Edited Video, Refuses to Release the Rest

The Second Largest Oil and Gas Merger - Cabot and Cimarex

Josh Fox Takes Another Approach to Attacking Oil & Gas Industry: They Don't Care About Worker Safety