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Chesapeake Energy CEO stepping down from company

Chesapeake Energy CEO stepping down from company Share Updated: 5:38 PM CDT Apr 27, 2021 Share Updated: 5:38 PM CDT Apr 27, 2021 Hide Transcript Show Transcript IT IS NEW AT 5:00. IN A MEMO, THE INTERIM CEO SAYS DOUG LAWLER’S LEAVING WAS NOT A REFLECTION OF PERFORMANCE OR ACTION HE TOOK. THE INTERIM CEO SAYING HE GUIDED CHESAPEAKE THROUGH A DIFFICULT TIME, REPOSITIONED THE PORTFOLIO OF ASSETS AND BUILT A CULTURE THAT WILL SERVE AS A PLATFORM FOR FUTURE SUCCESS. THE MOVE COMES MONTHS AFTER THE COMPANY EMERGED FROM BANKRUPTCY. LAWLER FILING FOR CHAPTER 11 LAST SUMMER. IN A PREVIOUS INTERVIEW, HE SAID CHESAPEAKE WAS $21 BILLION IN DEBT, WHICH WAS BROUGHT TO $9 BILLION WHEN HE FILED FOR BANKRUPTCY AND AS OF FEBRUARY 2021, IT WAS $1.3 BILLION. THE COMPANY

Doug Lawler Out as CEO of Chesapeake Energy | Marcellus Drilling News

Doug Lawler Out as CEO of Chesapeake Energy | Marcellus Drilling News
marcellusdrilling.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marcellusdrilling.com Daily Mail and Mail on Sunday newspapers.

Chesapeake CEO departs after emerging from Chapter 11

Chesapeake CEO departs after emerging from Chapter 11 Apr 28, 2021 5:31:pm Summary by: Daniel Graeber Posted in: Chesapeake CEO departs after emerging from Chapter 11 US-based energy company Chesapeake said April 27 that CEO Doug Lawler would leave his position, just months after the company emerged from Chapter 11 bankruptcy protection. After nearly a decade in the front office, Lawler will leave effective April 30. The chairman of the company’s board of directors, Mike Wichterich, will serve as interim CEO during the search for Lawler’s replacement. “I firmly believe that the investment thesis supporting Chesapeake is compelling, and my confidence in the renewed strength of the company continues to grow,” Wichterich said.

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Chesapeake Energy s top executive leaves the company, it announces

Chesapeake Energy and Doug Lawler are parting ways, the company announced Tuesday morning.  Lawler was brought in to the company as its CEO in 2013, after the departure of founder Aubrey McClendon.  Mike Wichterich, who joined Chesapeake earlier this year to lead a new board of directors at the conclusion of the company s bankruptcy restructuring, will serve as an interim CEO while the board searches for Lawler s permanent replacement.  The company stated the board hopes to complete that task within a few months.  On behalf of the board of directors, Chesapeake s employees and its shareholders, I would like to thank Doug for the vision and leadership he provided for the past 8 years, Wichterich stated as part of the release. He guided Chesapeake through a difficult period, repositioned Chesapeake s portfolio of assets and built a corporate culture which will serve as a platform for future success.   

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