Chesapeake Names Acting CEO As McClendon Steps Down
Whilst continuing to search for a replacement for soon-to-be-ex-Chief Executive Officer Aubrey McClendon, Chesapeake Energy has set up an interim management structure to mind the store till a new boss has been hired.
The company announced Friday the formation of a three-person "Office of the Chairman" to oversee its operations. This tripartite management construct will initially consist of Non-Executive Chairman of the Board Archie W. Dunham, Chief Financial Officer Domenic J. Dell'Osso Jr., and Chief Operating Officer and Acting Chief Executive Officer Steven C. Dixon.
Speaking of which, that's the other big news of the week: Dixon has been named acting CEO and will take over the CEO's role when McClendon officially retires on April 1. No word yet, though, on whether Dixon's new interim job title brings with it a bump in pay. Chesapeake has yet to make any SEC filings regarding Friday's announcement.
The article Chesapeake Names Acting CEO As McClendon Steps Down originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool options on Chesapeake Energy. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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