Chesapeake Energy appoints finance chief Domenic Dell'Osso as CEO


Chesapeake Energy have confirmed the appointment of their new Chief Executive after almost two weeks of speculation surrounding the position

Photo: Chesapeake's headquarters in Oklahoma
Photo: Chesapeake's headquarters in Oklahoma

OKLAHOMA CITYOctober 21, 2021 -- Chesapeake Energy Corporation (NASDAQ: CHK), the leading oil and energy company headquartered in the United States, have announced the decision to appoint Domenic "Nick" Dell'Osso, the company's former Finance Director as President and Chief Executive Officer and member of the company's Board of Directors.

Mike Wichterich, who served as Interim Chief Executive Officer, will assume the role of Executive Chairman of the Board of Directors.

Mike Wichterich, Chesapeake's Executive Chairman, commented:

"Chesapeake's future is bright, and following an extensive search, it was clear to the Board that the unique combination of Nick's vision and experience make him the right person to lead our company. The Board and I look forward to working in partnership with Nick and the management team to build on the recent momentum we have enjoyed as a company, and responsibly deliver sustainable results for our shareholders." 

Nick Dell'Osso, Chesapeake's President and Chief Executive Officer added:

"I am honored to have been selected to lead Chesapeake as we implement our vision for differential returns and a sustainable future behind our talented employees, disciplined strategy, and commitment to ESG excellence. I am confident Chesapeake's best days lie ahead of us and look forward to working tirelessly with my colleagues to generate and return to our shareholders sustainable free cash flow while aggressively lowering our emissions profile." 

About Chesapeake Energy

Headquartered in Oklahoma City, Chesapeake Energy Corporation's (NASDAQ: CHK) operations are focused on discovering and responsibly developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States.