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Chesapeake Faces Enduring Entanglements with Departing CEO

Jan 31, 2013

Aubrey McClendon will no longer be running Chesapeake Energy Corp (CHK.N) come April 1. But he is likely to remain deeply entangled with the company he founded 24 years ago.

America's second-largest natural-gas producer said on Tuesday that McClendon is stepping down as chief executive and a board member. He is leaving behind legal predicaments and intertwined personal and corporate interests that analysts say could linger for years.