Unable to find a CEO, Chesapeake resorts to stop-gap leadership move

When a company issues a release at 4:55 p.m. on Good Friday, it’s not good news.

That’s the timing Chesapeake Energy chose to tell investors it hasn’t found the chief executive for which it’s been searching since January.

The board, concerned about ongoing financial controversies at the Oklahoma City-based company, forced co-founder Aubrey McClendon to give up his chairmanship last year. Three months ago, it pushed him out completely. His last day was Monday.

Read Loren Steffy’s full column on HoustonChronicle.com.