Chesapeake sets up office of chairman, CEO hunt may be extended

Reuters

Chesapeake Energy Corp said it had set up a three-person office of the chairman to take on certain day-to-day management responsibilities as the search for a new chief executive to replace Aubrey McClendon likely extends beyond an April 1 deadline.

Chesapeake also named Chief Operating Officer Steven Dixon acting CEO.

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McClendon is expected to step down on Monday even if a successor has not been named, a source familiar with the matter told Reuters on Thursday.

The office of the chairman includes Dixon, Chairman Archie Dunham, and Chief Financial Officer Domenic Dell'Osso.

(Reporting by Sagarika Jaisinghani in Bangalore; Editing by David Gregorio)