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Souki to Stay on Cheniere's Board as LNG Production to Begin

  • Souki says he'll remain a director until seeing strategy
  • Shareholders decide who serves on company's board: Souki
Charif Souki.

Charif Souki.

Photographer: Aaron M. Sprecher/Bloomberg
Updated on

You can take the CEO out of the company. Cheniere Energy Inc.’s board of directors is learning it’s not as easy taking the company from the CEO.

A day after reporting that Charif Souki had been removed as chief executive officer, chairman and a director of Cheniere’s board, the company reversed course and said in a filing that he’ll actually keep his title as director. Shareholders decide who serves on the board, and Souki said he plans to remain on it until he sees what direction the U.S. natural gas exporter takes.