Additional Layoffs Coming At Chesapeake
Chesapeake chairman says company has too many employees
Chesapeake Energy Corp. plans to finalize layoff plans by Nov. 1.
By Adam Wilmoth Published: September 20, 2013
In the midst of layoffs, Chesapeake Energy Corp. Chairman Archie Dunham on Thursday praised CEO Doug Lawler for his efforts to streamline the company.
“I think it’s very positive he’s reaching out and talking to all the leaders in the organization to determine who our best leaders are, our most capable leaders, people with the highest potential in the company,” Dunham said. “I have all the confidence in the world and the board is totally confident in his leadership and what’s taking place.”
Dunham was in Oklahoma City on Thursday for a Chesapeake board meeting and to speak at the Oilfield Prayer Breakfast.
“It’s really hard when you’re going through a tunnel of change to see the light at the end of the tunnel,” he said. “I think Doug has acted very aggressively to move forward to try to get the company through the tunnel as quickly as possible.”