Former Saks Chief Executive Named Chairman of the Board at Chesapeake Energy

From Reuters:
Chesapeake Energy Corp, the second largest U.S. producer of natural gas, on Monday said current director and former Saks Inc Chief Executive Brad Martin has been named non-executive chairman of its board, effective immediately. 
He replaces Archie Dunham, who helped Chesapeake navigate a governance and liquidity crisis that occurred under the watch of former CEO Aubrey McClendon. Dunham, a former ConocoPhillips CEO, will remain a director and has been named chairman emeritus.
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