Chesapeake names interim CEO

Chesapeake Energy Corp. has created an office of the chairman, which will help manage the company until a new CEO is named.
by Adam Wilmoth Published: March 30, 2013

Chesapeake Energy Corp. has named Chief Operating Officer Steve Dixon as interim CEO and has created a three-person “office of the chairman” to lead the company while directors continue to search for a new leader, the Oklahoma City energy company said late Friday.

The new office is comprised of Dixon, Chairman Archie Dunham and Chief Financial Officer Nick Dell'Osso Jr.

The team will manage day-to-day operations in place of co-founder Aubrey McClendon, who has agreed to step down as CEO on Monday.

“Steve and Nick are both playing key leadership roles as the company accelerates the realization of the substantial intrinsic value of our world-class oil and gas assets for the benefit of all Chesapeake stakeholders,” Dunham said in a statement.

Dunham on Friday also sent an email to employees describing the change.

The chairman said the board “has tremendous respect for and confidence in Steve and Nick and the company's excellent management team,” and that the board and management share a strategic vision for the future of the company.

“This is an exciting time for Chesapeake,” Dunham wrote to employees.

Continue reading this story on the...


by Adam Wilmoth
Energy Editor
Adam Wilmoth returned to The Oklahoman as energy editor in 2012 after working for four years in public relations. He previously spent seven years as a business reporter at The Oklahoman, including five years covering the state's energy sector....
+ show more


Trending Now


AROUND THE WEB

  1. 1
    Rock band mistaken for terrorist group
  2. 2
    Dogs now allowed in this state's eateries
  3. 3
    This Is How The Rest Of The World Eats Corn On The Cob
  4. 4
    Tourists flock to Colorado to smoke legal weed
  5. 5
    College Freshman Impaled In The Neck By Golf Club In Frat House 'Freak Accident'
+ show more