Stillwater News Press

March 7, 2013

BREAKING NEWS: Hargis resigns from Chesapeake Energy Board of Directors

By Chris Day
Stillwater NewsPress

STILLWATER, Okla. — Oklahoma State University President Burns Hargis has resigned from the Chesapeake Energy Corp. Board of Directors, Board chairman Archie Dunham announced Thursday.

Louis A. Raspino has been elected to fill the vacancy. Raspino has been appointed chairman of the audit committee. He will stand for election at the 2013 annual shareholders meeting in June, Dunham said.

"Over the past several months, I have admired Burns' unselfish service on our board," Dunham said. "He has willingly invested his time, talents and expertise for the sole purpose of helping make Chesapeake successful."

Hargis was appointed to the Chesapeake board in 2008.

"With the completion of my final assignment, it is the appropriate time for me to step aside. I will always count it a privilege to have served on Chesapeake's board. Moving forward, Archie's knowledge of the energy industry and his experience running ConocoPhillips will continue to benefit shareholders and employees," Hargis said.