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Chesapeake among at least 6 energy companies searching for new CEO

Oklahoman Published: March 4, 2013

A wave of shareholder rebellions and executive retirements that’s left at least six North American oil and gas companies searching for chief executive officers is leading toward a bidding war for the industry’s best leaders, Bloomberg News reports.

Oklahoma City-based Cheseapeake Energy Corp. is among the companies in search of a new chief executive to replace co-founder Aubrey McClendon, who is leaving the company in less than a month.

The growing competition for CEOs among companies including Occidental Petroleum Corp. and Marathon Oil Corp. may drive up salaries in executive suites as boards attempt to woo away proven talent and retain their own manager bench.

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