Earthquake at Expand Energy: CEO Nick Dell’Osso Fired by the Board

Yesterday, Expand Energy announced it is moving its corporate headquarters from Oklahoma City, OK, to Houston, TX. That was the headline and lead in the announcement. And oh, by the way, the company's very successful CEO, the guy who guided the merger of Chesapeake Energy with Southwestern Energy and has made the resulting Expand Energy *the largest* natural gas producer in the country, Nick Dell'Osso, has "stepped down" effective immediately. Talk about burying the lede! The press release and just about every news story you will read imply that Nick didn't want to move to Houston, so he's cashing in. Not so. What the press release doesn't tell you is that the board terminated (fired) Dell'Osso last Friday. The question is, why?

---

To view this content, log into your member account. (Not a member? Join Today!)