Forbes Names Chesapeake′s CEO to the Elite 'CEO 20-20 Club?
04.05.2011 | Business Wire
Tenure Annualized Total Return Chesapeake Energy Corporation is the second-largest producer of
Aubrey K. McClendon, CEO of Chesapeake Energy Corporation (NYSE:CHK)
since its founding 22 years ago, was recently named to the Forbes
'CEO 20-20 Club?, a prestigious group of eight American chief executives
who have a minimum of 20 years of service as CEO and produced at least
20% annual returns to shareholders during their tenure as calculated by
Forbes. The table below provides a summary of the eight CEOs included on
the 'CEO 20-20 Club? list.
CEO
Company
(Years As CEO)
During Tenure (%)
Leslie H. Wexner
Limited Brands
48
20
Warren E. Buffett
Berkshire Hathaway
41
24
Lawrence J. Ellison
Oracle
34
29
Howard Solomon
Forest Labs
34
23
Peter J. Rose
Expeditors Int
23
23
Laurence D. Fink
BlackRock
23
27
Aubrey K. McClendon
Chesapeake Energy
22
20
Steve Sanghi
Microchip Technology
20
27
McClendon commented, 'It is a great honor to be included in the company
of these exceptionally talented and accomplished CEOs. I would like to
thank my fellow 10,000 plus Chesapeake employees, our Board of Directors
and our shareholders for their help and support along the way.
Notwithstanding the company′s success over the past 22 years, I am
confident our next 22 years will see continued value creation for our
shareholders. Chesapeake is very well positioned for a world that is
increasingly hungry for the affordability and cleanliness of American
natural gas and also for the reliability and value of domestic oil ? we
control vast resources of both fuels and look forward to developing them
very profitably for decades to come.?
natural gas, a Top 15 producer of oil and natural gas liquids and the
most active driller of new wells in the U.S.Headquartered
in Oklahoma City, the company's operations are focused on discovering
and developing unconventional natural gas and oil fields onshore in the
U.S.Chesapeake owns leading positions in the Barnett,
Haynesville, Bossier, Marcellus and Pearsall natural gas shale plays and
in the Granite Wash, Cleveland, Tonkawa, Mississippian, Bone Spring,
Avalon, Wolfcamp, Wolfberry, Eagle Ford, Niobrara and Utica
unconventional liquids plays.The company has also
vertically integrated its operations and owns substantial midstream,
compression, drilling and oilfield service assets.Chesapeake′s
stock is listed on the New York Stock Exchange under the symbol CHK.Further information is available at www.chk.com
where Chesapeake routinely posts announcements, updates, events,
investor information, presentations and press releases.
Chesapeake Energy Corporation
Investor Contacts:
Jeffrey
L. Mobley, CFA, 405-767-4763
jeff.mobley@chk.com
or
John
J. Kilgallon, 405-935-4441
john.kilgallon@chk.com
or
Media
Contacts:
Jim Gipson, 405-935-1310
jim.gipson@chk.com