EXCLUSIVE-Chesapeake Energy to name finance chief Domenic Dell’Osso as next CEO -sources

- Advertisement -


Sep 29 (Businesshala) – US shale maker Chesapeake Energy Corp is preparing to name longtime finance chief Domenic Dell’Osso Jr. as its next top executive, according to three people familiar with the matter.

- Advertisement -

People said Dell’Osso, who has been with the company since 2008, will replace board chairman Mike Wichrich, who became interim CEO in April after ousting former chief Doug Lawler.

- Advertisement -

A Chesapeake spokesperson declined to comment.

Chesapeake, one of the largest natural gas producers in the United States, this year emerged from a Chapter 11 bankruptcy reorganization in which it cut $7 billion in debt. Last month, it agreed to buy Louisiana natural gas rival Vine Energy for $615 million in cash and stock.

- Advertisement -

The company has faced an exodus of executives under Wichterich, including its general counsel, vice president of exploration and production, and chief accountant.

Dell’Osso is one of the few long-serving executives to remain after Lawler’s departure. He previously worked with Jefferies & Company as an investment banker (Additional reporting by Shariq Khan in Bengaluru; Editing by David Gregorio)

.

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox