Energy / Hydraulic Fracturing

Chesapeake CEO McClendon steps down after year of tumult

OKLAHOMA CITY, OK — “Chesapeake Energy Corp said on Tuesday that Aubrey McClendon will step down as chief executive after a tumultuous year in which a series of Reuters investigations triggered civil and criminal probes of the second-largest U.S. natural gas producer.

News of the executive’s plan to depart on April 1 boosted the company’s shares by 9 percent. The stock has made a partial recovery since losing almost half its value last spring after a Reuters report opened the company and its co-founder up to intense scrutiny.”

— Anna Driver and Brian Grow, Reuters

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Chesapeake says it is not for sale: memo

— Anna Driver, Reuters

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