Cheniere Names Neal Shear Interim CEO as Board Replaces Souki
- Co-founder cut stake by 1/3, leaves LNG company after 19 years
- Board member G. Andrea Botta appointed as new chairman
Ousted Cheniere CEO Souki Says Board Made Right Call
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Cheniere Energy Inc. replaced Chief Executive Officer Charif Souki, who billionaire investor Carl Icahn said wanted to take the U.S. LNG producer in a direction that differed from the board’s vision.
Neal Shear, former head of Morgan Stanley’s commodities division and a Cheniere board member since 2014, will take over as interim CEO, according to the Houston-based company that will shortly begin exports of liquefied natural gas from the U.S. Icahn in a separate statement on his website congratulated the board for “having the guts” to make the change. Regulatory filings show Icahn, Cheniere’s largest shareholder, has boosted his stake to almost 14 percent.