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McClendon steps aside as Chesapeake chairman, stays on as CEO

Chesapeake Energy Corp. will get an independent chairman to replace founder Aubrey McClendon, who will remain the company’s chief executive officer.

BY JAY F. MARKS Published: May 2, 2012

A leadership change is under way at Chesapeake Energy Corp.

The Oklahoma City natural gas and oil producer announced Tuesday CEO Aubrey McClendon will relinquish his position as its board chairman, a role he’s held since co-founding the company in 1989. McClendon will continue to serve as chief executive officer and will retain a seat on the board.

The company did not...
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