- Push-out Score determined
- After almost eight years in the position
- Praise and thanks for Lawler
- Mike Wichterich taking over in the interim
- Search for a successor
(exechange) — Oklahoma City, Oklahoma, April 27, 2021 — Doug Lawler, chief executive of Chesapeake, leaves. As announced by Chesapeake Energy Corp. in a news release on Tuesday, April 27, 2021, Robert D. (Doug) Lawler leaves his post as chief executive officer at the energy company after almost eight years in the role, effective April 30, 2021.
Chesapeake will undertake a search for a successor.
Doug Lawler’s duties as CEO will be taken over in the interim by Michael A. (Mike) Wichterich, currently Chair of the Board of Directors at Chesapeake Energy Corp., as Interim Chief Executive Officer.
No reason given
In the announcement, Chesapeake did not explicitly explain the reason for Doug Lawler’s move, leaving room for speculation.
Precise information regarding Doug Lawler’s future plans was not immediately available.
“Departure”
Chesapeake said: “Chesapeake Energy Corporation (NASDAQ:CHK) today announced the departure of Doug Lawler from his position as Chief Executive Officer of Chesapeake, effective April 30, 2021.”
Share price increase since February 2021
The announcement follows an increase in Chesapeake Energy Corp.’s share price of 8% since February 2021.
In the position of CEO since 2013
Doug Lawler became CEO of the Company in 2013.
Lawler has served as President and Chief Executive Officer since June 2013.
Prior to joining Chesapeake, Lawler served in multiple engineering and leadership positions at Anadarko Petroleum Corporation.
His positions at Anadarko included Senior Vice President, International and Deepwater Operations and member of Anadarko’s Executive Committee from July 2012 to May 2013; Vice President, International Operations from December 2011 to July 2012; Vice President, Operations for the Southern and Appalachia Region from March 2009 to July 2012; and Vice President, Corporate Planning from August 2008 to March 2009.
Lawler began his career with Kerr-McGee Corporation in 1988 and joined Anadarko following its acquisition of Kerr-McGee in 2006.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Doug Lawler’s move on a scale of 0 to 10.
exechange reached out to Chesapeake and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 18.2021 ($).