OKLAHOMA CITY, April 27, 2021 /PRNewswire/ -- Chesapeake
Energy Corporation (NASDAQ:CHK) today announced the departure of
Doug Lawler from his position as
Chief Executive Officer of Chesapeake, effective April 30, 2021. Mike
Wichterich, the Chair of Chesapeake's Board of Directors,
will serve as Interim Chief Executive Officer while the Board of
Directors conducts a search for a new Chief Executive Officer,
which it expects to complete over the coming months.
Mike Wichterich, Chair of
Chesapeake's Board of Directors and Interim Chief Executive
Officer, commented, "On behalf of the Board of Directors,
Chesapeake's employees and its shareholders, I would like to thank
Doug for the vision and leadership he provided for the past 8
years. He guided Chesapeake through a difficult period,
repositioned Chesapeake's portfolio of assets, and built a
corporate culture which will serve as a platform for future
success. I firmly believe that the investment thesis supporting
Chesapeake is compelling, and my confidence in the renewed strength
of the company continues to grow."
Mr. Wichterich intends to continue in his role as Chair of the
Board of Directors following the appointment of Chesapeake's new
Chief Executive Officer. During the period that Mr. Wichterich is
both the Chair of the Board of Directors and Interim Chief
Executive Officer, Matt Gallagher,
the Chair of Chesapeake's Nominating and Governance Committee, will
serve as Lead Independent Director.
Headquartered in Oklahoma
City, Chesapeake Energy Corporation's (NASDAQ: CHK)
operations are focused on discovering and responsibly developing
its large and geographically diverse resource base of
unconventional oil and natural gas assets onshore in the United States.
This press release contains "forward-looking statements,"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical facts
that address activities, events or developments that we expect,
believe or anticipate will or may occur in the future are
forward-looking statements. These statements are based on certain
assumptions based on management's views, estimates, and beliefs as
of the time of these statements regarding future events and
results. When used in this release, words such as "will,"
"potential," "believe," "estimate," "intend," "expect," "may,"
"should," "anticipate," "could," "plan," "predict," "strategy,"
"future" or their negatives or other words that convey the
uncertainty of future events or outcomes, are intended to identify
forward-looking statements, although not all forward-looking
statements contain such identifying words. Forward-looking
statements involve uncertainties and are subject to many risks and
variables. These risks include but are not limited to, the risk
factors that are described under the section titled "Risk Factors"
in Chesapeake's filings with the Securities and Exchange
Commission. . Although we believe our forward-looking statements
are based on reasonable assumptions, no assurance can be given that
these assumptions are accurate or that any of these expectations
will be achieved (partially or in full) or will prove to have been
correct. In light of the above, the events anticipated by our
forward-looking statements may not occur, and, if any of such
events do, we may not have correctly anticipated timing or the
extent of their impact. Any forward-looking statement speaks only
as of the date on which such statement is made, and we expressly
disclaim any obligation to publicly correct or update any
forward-looking statement, whether as a result of new information,
future events or otherwise, except as required by applicable law.
These cautionary statements qualify all forward-looking statements
attributable to us or persons acting on our behalf.
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SOURCE Chesapeake Energy Corporation