Chesapeake Names Acting CEO As McClendon Steps Down

By Rich Smith – Mar 30, 2013 at 1:35PM

OTC: CHKA.Q

Chesapeake Energy

Company also forms a three-person Office of the Chairman and names acting CEO Dixon to it.

Whilst continuing to search for a replacement for soon-to-be-ex-Chief Executive Officer Aubrey McClendon, Chesapeake Energy (CHKA.Q) has set up an interim management structure to mind the store till a new boss has been hired.

The company announced Friday the formation of a three-person "Office of the Chairman" to oversee its operations. This tripartite management construct will initially consist of Non-Executive Chairman of the Board Archie W. Dunham, Chief Financial Officer Domenic J. Dell'Osso Jr., and Chief Operating Officer and Acting Chief Executive Officer Steven C. Dixon.

Speaking of which, that's the other big news of the week: Dixon has been named acting CEO and will take over the CEO's role when McClendon officially retires on April 1. No word yet, though, on whether Dixon's new interim job title brings with it a bump in pay. Chesapeake has yet to make any SEC filings regarding Friday's announcement.

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