UPDATE 1-Chesapeake Energy CFO is leaving the company

HOUSTON, Oct 13 (BestGrowthStock) – Chesapeake Energy Corp (CHK.N: )
said on Wednesday that its chief financial officer, Marc Rowland,
is leaving the company after 18 years.

Rowland, 58, will become president of privately held hydraulic
fracturing company Frac Tech Services LLC, a company in which
Chesapeake is a 26 percent shareholder.

Nick Dell’Osso, who is currently chief financial officer of
Chesapeake’s midstream business, will replace Rowland.

Dell’Osso, 34, joined Chesapeake in 2008 and previously worked
as an energy investment banker at Jefferies & Co.

The announcement came ahead of the company’s annual analyst
meeting.

Shares of Chesapeake fell 2.83 percent, or 67 cents, to $23.20
in morning trading on the New York Stock Exchange.
(Reporting by Anna Driver, editing by Gerald E. McCormick)

UPDATE 1-Chesapeake Energy CFO is leaving the company