Chesapeake to overhaul board amid investor criticism

Chesapeake Energy Corp. will replace four board members this month with representatives of its two largest shareholders to address concerns about its corporate governance.

BY JAY F. MARKS Modified: June 4, 2012 at 12:00 am •  Published: June 5, 2012
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Chesapeake Energy Corp. could be on its way to making amends with disgruntled shareholders.

The Oklahoma City oil and natural gas company announced Monday it would replace four members of its board of directors amid ongoing questions about its corporate governance.

A fifth member will...

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