News Column

Chesapeake Energy Names New CEO

May 20, 2013

Chesapeake Energy Corp. has named Anadarko Petroleum Vice President Robert Douglas Lawler as its new CEO, the Oklahoma City company said Monday.

Lawler, 46, will begin at Chesapeake on June 17.

Lawler is senior vice president of international and deepwater operations for the Houston-based energy company that in 2006 bought Oklahoma City-based Kerr-McGee Corp.

"I am honored and excited to be joining Chesapeake Energy with its unparalleled asset portfolio, focused management team and very talented and dedicated employees," Lawler said in a statement Monday. "There is significant value in Chesapeake's asset base and the growth potential of the company is tremendous. I look forward to accelerating the momentum that the Chesapeake team has built to generate value for our shareholders in the years ahead."

Lawler is a petroleum engineer with 25 years of experience in the upstream exploration and production industry.

"Doug is a talented and proven executive with the ideal skill set to lead Chesapeake forward and capitalize fully on our world-class assets," Chesapeake Chairman Archie Dunham said. "Throughout his 25 years in the upstream E&P industry, Doug has earned a reputation as a highly engaged and knowledgeable leader who delivers superior operational performance and capital efficiency. The Board is confident that Doug's deep technical upstream and engineering expertise as well as his strategic and financial skills will serve Chesapeake well. We look forward to working with him to create value for Chesapeake shareholders."

With Lawler assuming the CEO position at Chesapeake, the Office of the Chairman will be discontinued, and Dunham, Steve Dixon and Nick Dell'Osso will continue to serve in their roles as nonexecutive chairman, executive vice president of operations and geosciences and chief operating officer, and executive vice president and chief financial officer, respectively.

"We thank Steve and Nick for the key roles they played in this transition and for their exemplary service as members of the Office of the Chairman during our CEO search," Dunham said. "The company did not miss a beat during this interim period, and their effective collaboration reflects their strong leadership skills and teamwork ethic. Steve, Nick, and the rest of the executive group, under Doug's leadership, will form a highly talented and experienced management team that will lead Chesapeake into its next phase of success and prosperity."


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Source: Copyright Daily Oklahoman (Oklahoma City) 2013

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