Former U.S. Sen. Don Nickles declined Tuesday to discuss his future as a member of Chesapeake Energy Corp.’s board of directors, but he predicted an announcement would come “pretty soon.”
The board is searching for a new chairman to replace co-founder and CEO Aubrey McClendon amid questions about Chesapeake’s corporate governance. The company announced last week it would replace four of its directors by June 22 with representatives of its two largest shareholders, Southeastern Asset Management and activist billionaire Carl Icahn.
Nickles, who owns a lobbying firm in Washington, told The Oklahoman’s Washington bureau that he couldn’t talk about his own future. He also declined to make other comments about the board and its makeup until the company announces changes expected later this month.
Nickles was on Capitol Hill to testify before the Senate Finance Committee, on which he once served, about how federal tax reform could affect the oil and gas industry.
Nickles, who also serves on the board of Valero Energy, said his company represents ExxonMobil, Anadarko Petroleum, National Oilwell Varco and other energy-related companies.
National Oilwell Varco’s CEO is Merrill A. “Pete” Miller Jr., another member of Chesapeake’s nine-person board.