Summary
Expand Energy Corp (EXE) filed an 8-K on January 24, 2011, primarily to disclose information previously released to the public through press releases. The most significant announcement for investors concerns the board of directors, with the invitation extended to, and acceptance by, Louis A. Simpson to join the board. Mr. Simpson brings a wealth of experience, having served as President and Chief Executive Officer of GEICO Corporation's Capital Operations and holding various other senior roles in finance and investment management throughout his career. His appointment fills a vacancy left by Frederick B. Whittemore's retirement, potentially bringing new perspectives and expertise to EXE's governance.
Key Highlights
- 1Chesapeake Energy Corporation (the Company) announced its intention to release its 2010 fourth quarter and full year financial and operational results on January 18, 2011.
- 2The Company was recognized by FORTUNE magazine as one of the 100 best companies to work for in the U.S. for the fourth consecutive year, as announced on January 20, 2011.
- 3Louis A. Simpson has been invited by the board of directors to join the board and has accepted this invitation.
- 4Mr. Simpson's appointment fills the vacancy on the board created by the retirement of Mr. Frederick B. Whittemore.
- 5Louis A. Simpson has an extensive background, including serving as President and CEO of GEICO Corporation's Capital Operations until December 31, 2010.
- 6His prior experience includes leadership roles at GEICO since 1979 and executive positions at Western Asset Management and Stein Roe and Farnham.