Chesapeake Energy Corp.'s second-largest investor Carl Icahn has increased his stake in the Oklahoma City-based operator to 8.98% from 7.6%, according to a regulatory filing by the company. The activist investor earlier this year pushed for governance changes, including replacing Aubrey McClendon as chairman. Icahn was instrumental in shaking up the board of directors and appointed an associate, Vincent J. Intrieri, as one of four new members (see NGI, June 25).
©Copyright 2012 Intelligence Press Inc. All rights reserved. The preceding news report may not be republished or redistributed, in whole or in part, in any form, without prior written consent of Intelligence Press, Inc.