Chesapeake’s embattled CEO McClendon to retire

Published January 29, 2013 11:43pm ET



NEW YORK (AP) — Aubrey McClendon, the brash and embattled CEO of Chesapeake Energy Corp., will leave the company he founded 24 years ago amid philosophical differences with the company’s new board of directors.

The company announced Tuesday that McClendon will step down April 1 and will serve as CEO until a successor is named. McClendon will depart even though Chesapeake says a review of his business dealings has not revealed improper conduct.

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