1989

Aubrey McClendon, who has run Chesapeake Energy Corp. and helmed the board of directors since he co-founded the company in 1989, officially will step down as chairman of the board at some point this week.

Chesapeake Energy Corp.’s Aubrey McClendon, who has served as chairman and CEO since he co-founded the company in 1989, will no longer be running the board of directors after Friday (June 22). Questions remain about how the incoming nonexecutive chairman may change the company’s direction — and how McClendon conforms in his more tightly defined role.

Chesapeake Energy Corp.’s Aubrey McClendon, who has served as chairman and CEO since he co-founded the company in 1989, will no longer be running the board of directors after Friday (June 22). Questions remain about how the incoming nonexecutive chairman may change the company’s direction — and how McClendon conforms in his more tightly defined role.

Martin L. Allday, chairman of the Federal Energy Regulatory Commission from 1989 to 1993, died last Monday in Austin, TX, at the age of 82. “Chairman Allday was one of the founding fathers of FERC competition policy,” said FERC Chairman Joseph Kelliher. “Under [his] direction, FERC embarked on the restructuring of the interstate natural gas pipeline industry, culminating in 1992 with the landmark Order 636. That rulemaking, which required separation of sales and transportation services on interstate natural gas pipelines, is widely praised for helping usher in…energy market competition.” Allday is survived by his wife, three children and several grandchildren. Former President George Herbert Walker Bush, a close friend of Allday, was one of the pallbearers at the funeral last Thursday.

Martin L. Allday, chairman of the Federal Energy Regulatory Commission from 1989 to 1993, died Tuesday in Austin, TX, at the age of 82. “Chairman Allday was one of the founding fathers of FERC competition policy,” said FERC Chairman Joseph Kelliher. “Under [his] direction, FERC embarked on the restructuring of the interstate natural gas pipeline industry, culminating in 1992 with the landmark Order 636. That rulemaking, which required separation of sales and transportation services on interstate natural gas pipelines, is widely praised for helping usher in…energy market competition.” Allday is survived by his wife, three children and several grandchildren. The first President George Bush, a close friend of Allday, will be one of the pallbearers at the funeral Thursday.