Newspaper article THE JOURNAL RECORD

Most-Admired CEOs Profile: Aubrey K. McClendon, Oklahoma-Based Chesapeake Energy

Newspaper article THE JOURNAL RECORD

Most-Admired CEOs Profile: Aubrey K. McClendon, Oklahoma-Based Chesapeake Energy

Article excerpt

Aubrey K. McClendon has served as chairman and chief executive officer of Chesapeake Energy since co-founding the company in 1989 with Tom L. Ward. At that time, the company had 10 employees and $50,000 in capital. Today, the company employs more than 8,200 people and is the most active driller of new wells in the U.S. and is the second-largest natural gas producer in the nation, trailing only ExxonMobil.

Through the past 20 years, McClendon has created a culture of innovation, hard work and employee empowerment that has helped the company become one of the nation's most successful energy companies.

"Aubrey's unique leadership inspires both employee commitment and involvement at all levels of the organization. McClendon provides employees with generous benefits and compensation, health and wellness programs, and a fun and energetic working environment. This commitment to providing employees with the best resources available gives all employees a sense of pride and empowerment that drives results and builds shareholder value," said Chesapeake Human Resources Senior Vice President Martha Burger.

McClendon's business strategies are also effective in producing strong financial and operational results for the Oklahoma City- based company.

"Chesapeake is the only producer to have a No. 1 or No. 2 position in the 'Big 4' shale plays. McClendon's hedging program will also enable Chesapeake to continue drilling aggressively in one of the most challenging times our industry has seen in many years," Chesapeake's Chief Operating Officer Steve Dixon said. …

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