Chesapeake Names COO Dixon Interim Replacement for McClendon

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Chesapeake Energy Corp. picked Chief Operating Officer Steven C. Dixon to be acting chief executive as co-founder Aubrey K. McClendon steps down from the natural gas explorer he led for almost a quarter century.

Chesapeake’s board appointed Dixon and two others to a newly-established Office of the Chairman while it continues the search for a permanent CEO, the Oklahoma City-based company said in a statement yesterday. The other members of the office are Chairman Archie Dunham and Chief Financial Officer Domenic Dell’Osso, the company said.