Current CHK Stock Info

Chesapeake Energy (CHK) formally announced founder, and current president and chief executive officer Aubrey McClendon will retire effective April 1, 2013. At age 53, McClendon was with the company for 24 years since its inception in 1989 with fellow partner Tom Ward.

The Board of Directors said McClendon’s departure is not related to CHK’s ongoing investigation into financing arrangements and alleged conflicts of interest between McClendon and the company’s Founder Well Participation Program (FWPP).

In the news release, McClendon noted “’cer...

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