Chesapeake audit committee chair quits after SEC probe
March 7 (Reuters) - Chesapeake Energy Corp, being investigated by regulators for a controversial perk to its chief executive, said the chairman of its audit committee has quit.
The board has accepted the resignation of Burns Hargis, the second-largest U.S. natural gas producer said in a statement on Thursday.
Louis Raspino, most recently the chief executive of Pride International Inc before its merger with Ensco Plc, will replace Hargis.
The U.S. Securities and Exchange Commission earlier this month escalated its probe into Chesapeake and its CEO Aubrey McClendon for a perk that granted him a share in each of the company's wells.
- U.S. pledges 3,000 troops to fight Ebola; experts say more needed
- Tesla prevails in top Massachusetts court over direct sales
- Russia needs government investment to avoid recession, says former finance minister
- Ahead of independence vote, Britain pledges state funding to Scotland |
- Stocks turn higher ahead of Fed meeting, oil up