According to The Wall Street Journal, Chesapeake Energy (NYSE:CHK) CEO Doug Lawler is taking another bold step away from the company's previous regime by letting four senior executives go, including COO Steve Dixon. In this video, Motley Fool energy analyst Joel South joins Taylor Muckerman to look at several steps Lawler has taken this year and tells investors why he thinks this CEO is just what Chesapeake needs.

Joel South and Taylor Muckerman have no position in any stocks mentioned. The Motley Fool has options on Chesapeake Energy. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.