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Chesapeake timeline

Chesapeake timeline
Published: May 3, 2012

May 1: McClendon agrees to relinquish his position as Chesapeake's chairman but will remain on the board and continue to serve as CEO. The company said it will look for a nonexecutive chairman who doesn't have a previous relationship with Chesapeake. The company also said it would end the founder well program by June 2014 and McClendon would not receive any compensation in the termination of the program.


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