| Chesapeake Energy board member Martin named chairman | |
| | |
|
HOUSTON, Oct 12 (Reuters) - Chesapeake Energy Corp, the second largest U.S. producer of natural gas, on Monday said current director and former Saks Inc Chief Executive Brad Martin has been named non-executive chairman of its board, effective immediately. He replaces Archie Dunham, who helped Chesapeake navigate a governance and liquidity crisis that occurred under the watch of former CEO Aubrey McClendon. Dunham, a former ConocoPhillips CEO, will remain a director and has been named chairman emeritus. Martin, chairman of Tennessee-based investment firm RBM Ventures was named as a Chesapeake director in June 2012 when the company's top investors Carl Icahn and O. Mason Hawkins at Southeastern Asset Management took control of the board. Martin was brought in by Hawkins. Chesapeake, the Oklahoma City, Oklahoma company which has a hefty debt load and broad exposure to low-priced natural gas, has been battered in the oil price rout. So far this year the company's stock has fallen nearly 60 percent. That compares with a 23 percent drop in the SIG Exploration and Production Index . (Reporting by Anna Driver; Editing by Tom Brown)
|
|
|
Chesapeake Energy Corporation
|
|
DEVELOPMENT STAGE |
CODE : CHK |
ISIN : US1651671075 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Chesapeake Energy is a producing company based in United states of america. Chesapeake Energy develops natural gas and oil in USA. Its main asset in development is DEEP BOSSIER in USA. Chesapeake Energy is listed in Germany and in United States of America. Its market capitalisation is US$ 64.4 billions as of today (€ 58.0 billions). Its stock quote reached its lowest recent point on March 13, 2020 at US$ 0.12, and its highest recent level on November 18, 2022 at US$ 99.94. Chesapeake Energy has 909 242 558 shares outstanding. |