New Chesapeake CEO Lawler's 2013 pay set at $12.6 mln
May 23 (Reuters) - Doug Lawler, the Anadarko Petroleum Corp executive who was named as Chesapeake Energy Corp's new chief executive officer, will receive salary, bonus and equity awards valued at $12.6 million this year, according to a regulatory filing.
Lawler, 46, is also due a signing bonus worth $14.5 million. That bonus is comprised of $2 million cash and restricted shares valued at $12.5 million that vest over time, according to a filing made with the U.S. Securities and Exchange Commission on Thursday.
Chesapeake on Monday named Lawler, senior vice president of international and deepwater operations at Anadarko, to fill the post vacated by co-founder Aubrey McClendon in April.
Lawler, who worked at Anadarko for 25 years, is due to start work on June 17.
McClendon's departure came after a tumultuous year during which a series of Reuters investigations led to civil and criminal investigations of the company.
- Missing jet may have strayed toward Andaman Sea: Malaysian air force |
- Malaysia military source says missing jet veered to west |
- Toddler found with heroin at New Jersey daycare center
- Ukraine appeals to the West as Crimea turns to Russia |
- Special Report: How China's official bank card is used to smuggle money |