Chesapeake Energy’s future muddied by executive departures, strategy shifts

Aug 4 (Reuters) – When U.S. oil and gas producer Chesapeake Energy Corp (CHK.O) emerged from bankruptcy in February, it touted to investors a clean balance sheet, a new board of directors and a promise to restrain spending.

Since then, the company has endured a senior management shakeup and, according to two sources familiar with the matter, its interim CEO has told employees that the company is eyeing acquisitions that could help double its size.