","image":{"@type":"ImageObject","url":"https://g.foolcdn.com/avatar/1624931198/large.ashx","height":"80","width":"80"}},"about":[{"@type":"Corporation","tickerSymbol":"CHKA.Q"},{"@type":"Corporation","tickerSymbol":"UNKNOWN"}],"publisher":{"@type":"Organization","@id":"https://www.fool.com/","name":"The Motley Fool","url":"https://www.fool.com/","logo":{"@type":"ImageObject","url":"https://g.foolcdn.com/misc-assets/logo-tmf-primary-7-magenta-royalpurple.svg","width":"157","height":"43"},"brand":"The Motley Fool","contactPoint":{"@type":"ContactPoint","contactType":"Media Inquiries","email":"[email protected]"},"publishingPrinciples":"https://www.fool.com/about/","sameAs":["https://www.fool.com/about/","https://en.wikipedia.org/wiki/The_Motley_Fool","https://www.wikidata.org/wiki/Q7752442","https://www.linkedin.com/company/the-motley-fool","https://www.facebook.com/themotleyfool/","https://x.com/themotleyfool","https://www.instagram.com/themotleyfoolofficial/","https://www.youtube.com/channel/UCpRQuynBX9Qy9tPrcswpPag","https://www.pinterest.com/themotleyfool/","https://www.tiktok.com/@themotleyfoolofficial","https://www.google.com/search?kgmid=/m/0578mk"]},"description":"Both SandRidge Energy and Chesapeake Energy replaced their upper management this past year. Here is how the new regimes have done. ","image":{"@type":"ImageObject","height":"630","width":"1200"}}","image":{"@type":"ImageObject","url":"https://g.foolcdn.com/avatar/1624931198/large.ashx","height":"80","width":"80"}},"inLanguage":"en-US"}

How Are 2013 Changes Working Out for These 2 Oil Companies?

Both SandRidge Energy and Chesapeake Energy replaced their upper management this past year. Here is how the new regimes have done.

By Joel South and Taylor Muckerman – Dec 28, 2013 at 12:00PM EST

One early trend in 2013 was the increased pressure from activist investors in overthrowing CEO wildcatters in the oil and gas space. The most notable changing of the guard occurred at Chesapeake Energy (CHK +0.00%), where CEO Aubrey McClendon stepped down in April. SandRidge Energy (NYSE: SD) CEO Tom Ward soon followed his former business partner and stepped down after TPG-Axon waged a proxy battle against him.

With the dust settled, shareholders should feel encouraged by the changes the new regimes have enacted at both Chesapeake and SandRidge. Check out the following video to see where both these companies are headed in 2014.  

 

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About the Author

Joel is a University of Washington graduate and covers energy and materials for The Motley Fool. Be sure to follow The Motley Fool's energy and materials Twitter for all your energy and materials coverage. Follow @tmfenergy

XMFTheWhisperer