Chesapeake Energy Corp.’s co-founder and CEO Aubrey McClendon officially stepped out of the batter’s box Monday, but there’s no permanent replacement and no timetable on when a successor will be named, said acting CEO Steven Dixon. However, operations are running “smoothly,” despite some constraints in the Utica Shale.
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A federal investigation into Chesapeake Energy Corp. and outgoing CEO Aubrey McClendon is continuing, according to the Securities and Exchange Commission (SEC), which informed the company on Dec. 21 that its Fort Worth, TX regional office “has issued subpoenas for information and testimony.” In the SEC 10-K filing, Chesapeake said it is “also responding to related inquiries from other governmental and regulatory agencies and self-regulatory agencies.” Chesapeake in May received notice from the SEC of an informal inquiry “into, among other things, certain of the matters alleged” in some lawsuits regarding McClendon’s financial transactions (see NGI, May 7, 2012).
March 4, 2013
Chesapeake: SEC Investigation Continuing
A federal investigation into Chesapeake Energy Corp. and outgoing CEO Aubrey McClendon is continuing, according to a regulatory filing Friday.
March 4, 2013
‘No Intentional Misconduct’ by McClendon, Says Chesapeake
Chesapeake Energy Corp. CEO Aubrey McClendon’s controversial financing transactions “did not reveal any improper benefit” to him nor did they increases costs to the company “as a result of the overlap in financial relationships,” the board of directors said Wednesday.
February 21, 2013
Chesapeake: McClendon Deals ‘Did Not Reveal Any Improper Benefit’
A lengthy review of outgoing Chesapeake Energy Corp. CEO Aubrey McClendon’s controversial financing transactions “did not reveal any improper benefit” to him “or increased cost to the company as a result of the overlap in financial relationships,” the board of directors announced Wednesday.
February 21, 2013
McClendon Cites ‘Philosophical Differences’ with Board
Chesapeake Energy Corp. CEO Aubrey McClendon, whose retirement from the company he founded 24 years ago was announced late Tuesday, told employees in an email that the departure centered on some differences with the board of directors.
January 31, 2013
Chesapeake’s McClendon Loses Bonus, Some Perquisites
Chesapeake Energy Corp.’s board is withholding CEO Aubrey McClendon’s 2012 bonus and has cut some of his perquisites, according to a filing with the Securities and Exchange Commission.
January 14, 2013
Chesapeake’s McClendon Loses Bonus, Some Perquisites
Chesapeake Energy Corp.’s board is withholding CEO Aubrey McClendon’s 2012 bonus and has cut some of his perquisites, according to a filing late Monday with the Securities and Exchange Commission.
January 9, 2013
Utica a Key to Chesapeake’s Transition, Says McClendon
The Utica Shale may be “the best treasure of American energy,” Chesapeake Energy Corp. CEO Aubrey McClendon said Thursday.
October 22, 2012
Utica Key to Chesapeake’s Transition, Says McClendon
The Utica Shale may be “the best treasure of American energy,” Chesapeake Energy Corp. CEO Aubrey McClendon said Thursday.
October 22, 2012
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