Summary
Chesapeake Energy Corporation (EXE) announced a significant leadership change, appointing Mohit Singh as its new Executive Vice President and Chief Financial Officer, effective December 6, 2021. Mr. Singh brings a wealth of experience from previous roles at BPX Energy, RBC Capital Markets, Goldman Sachs, and Shell, with expertise in M&A, business development, and engineering. This appointment signals a strategic move to leverage his financial and operational background within the company.
Key Highlights
- 1Mohit Singh appointed EVP and CFO, effective December 6, 2021.
- 2Mr. Singh has extensive experience from BPX Energy, RBC Capital Markets, Goldman Sachs, and Shell.
- 3Base salary for Mr. Singh will be $525,000 annually.
- 4Mr. Singh is eligible for annual cash bonuses with target and maximum opportunities of 100% and 200% of base salary, respectively.
- 5Significant annual equity compensation for FY2022, totaling $2,050,000 in RSUs and PSUs, with performance-based components for PSUs.
- 6A cash signing bonus of $880,000 and $1,720,000 in inducement RSUs are provided to Mr. Singh, compensating for forfeited equity.
- 7Domenic J. Dell’Osso, Jr. will transition from CFO to focus solely on his roles as President and CEO.