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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

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