“Chesapeake Energy CEO Aubrey McClendon will retire effective April 1, according to a company release.
A spokesman says the company is not for sale, according to Bloomberg.
As the Wall Street Journal’s Russell Gold Tweets, McClendon cites unspecified “philosophical differences” with the board as his reason for stepping down in the release.
Shares of CHK are surging in after-hours trading, up more than 10 percent.
Last year, McClendon was the subject of a series of Reuters investigations alleging conflict of interest at the country’s second-largest natural gas producer….”
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