Related Articles
Forward article link
Share PDF with colleagues

Aubrey McClendon quits Chesapeake Energy

The chief executive will leave Chesapeake Energy, the company which he founded

Chesapeake Energy chief executive Aubrey McClendon will leave the company he founded 25 years ago on 1 April. Last year he stepped aside as company chairman amid allegations of a conflict of interest. The company insisted McClendon’s departure is not related to his financing arrangements and other matters that precipitated in a formal inquiry by federal authorities. In a statement, Chesapeake said an “extensive review to date has not revealed improper conduct” by McClendon, who used personal interests in Chesapeake wells as collateral to secure loans. The company expects to release the results of its own review of the McClendon’s participation in the Founder Well Participation programme, a

Also in this section
Sinopec - putting the house in order
25 January 2017
The Chinese giant is shifting priorities to make the most of weaker crude prices
The puzzling Glencore-Qatari-Rosneft deal
19 January 2017
The sale of a stake in Russia's largest oil producer might not be as significant as many thought
Russneft polishes up
19 January 2017
Moscow's first energy IPO since sanctions puts the company on a solid footing – but may make it a target