Street Machines Auto Care

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Tuesday, January 29, 2013

Controversial Chesepeake co-founder McClendon to retire April 1

Controversial Chesepeake co-founder McClendon to retire April 1

By Erich Schwartzel / Pittsburgh Post-Gazette

Chesapeake Energy chief executive officer Aubrey McClendon will in April leave the company he co-founded and built into the nation's second-largest natural gas producer

As of April 1, he will retire as CEO and leave his seat on the company's board.

Mr. McClendon cited "certain philosophical differences with the new board" of his Oklahoma City-based company, many of whom were appointed amid a shareholder revolt at the company last year.

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