New chairman of Oklahoma City-based Chesapeake Energy Corp. expected to be named this week

Oklahoma City-based Chesapeake Energy Corp. is expected to name a new chairman this week, although the 23-year-old company has given no indication who that will be.Aubrey McClendon has agreed to step down as chairman of the company he co-founded in 1989 after questions were raised about the companys corporate governance and a report that he secured up to $1.1 billion in personal loans, including loans from a private equity firm that does business with Chesapeake.McClendon will remain as chief executive officer.Chesapeake has said it will name a new chairman and four new board members by Friday, but the company has yet to formally accept the resignations of two directors who were denied re-election at Chesapeakes June 8 annual meeting.

via New chairman of Oklahoma City-based Chesapeake Energy Corp. expected to be named this week.

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