The board of Chesapeake Energy Corp. has established a three-member office of the chairman while continuing its previously announced chief executive officer search process.
Members of the office of chairman are Archie W. Dunham, nonexecutive chairman of the board; Steven C. Dixon, who has been named acting chief executive officer in addition to his continuing role as chief operating officer; and Domenic J. Dell’Osso Jr., chief financial officer.
Dixon has been executive vice-president and chief operating officer since 2006 and has held various senior operational positions since joining Chesapeake in 1991. Dell’Osso has served as executive vice-president and chief financial officer since 2010 after serving in various financial roles since 2008.
As part of Chesapeake’s previously announced succession plan, the members of the office of chairman have been working closely to transition oversight of strategic, operational, and financial matters as well as certain day-to-day management responsibilities from Chief Executive Officer Aubrey McClendon, who has previously agreed with the board to retire on Apr. 1 (OGJ Online, Jan. 31, 2013).
Chesapeake said it would conduct a conference call early Apr. 1 to discuss establishment of the office of chairman and provide an operating update.