Press Releases
CONTACT:
Press Office
(518) 474-4015

 FOR RELEASE:

Immediately
May 1, 2012

 

State Comptroller Thomas P. DiNapoli Statement on Chesapeake's Mcclendon Relinquishing Chairman Role

"The New York State Common Retirement Fund has long been concerned about Aubrey McClendon's dual role as chairman and CEO of Chesapeake. This board has historically been slow to address shareholder concerns and it is unfortunate that it took a crisis of this magnitude and substantial loss of shareholder value to spur them to action. Much remains to be done to restore investor confidence in this company and we hope this is one of several steps Chesapeake's board will take to achieve that goal."


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