Here's a little bit of breaking news. Chesapeake Energy has announced that the Company's founder and embattled CEO Aubrey McClendon is leaving the company on April 1.
I received a Facebook message from a Mole at 3:45pm informing me that Aubrey was "fired" and a release was being issued at 4:00, but before I could check and/or verify it, Chesapeake issued a release stating that Aubrey was "retiring." Yeah, "retiring."
We've obtained an email that Aubrey sent to Chesapeake Energy employees after the official announcement:
Dear CHK’ers: By now you all should have received the press release announcing that the Board and I have mutually agreed to my resignation as CEO as of April 1, 2013. Although this is due to certain philosophical differences that exist between the Board and me, the separation will be amicable and smooth.
I have the utmost confidence in you and the company’s future and I will always treasure the time we have spent together building Chesapeake into the unique and dynamic company that it is today. In many respects, our accomplishments are unique and I will always remain immensely grateful for the time I have spent with you building CHK into the industry leader that it is today.
My best wishes to you all and onward and upward from here!
Aubrey
Aubrey K. McClendonChesapeake Energy Corporation6100 North Western Avenue, 73118Post Office Box 18496, 73154-0496Oklahoma City, OklahomaOffice: (405) 879-9226E-mail: aubrey.mcclendon@chk.com
Anyway, we'll have more details on this development tomorrow. I have to get back to writing trivia questions.
