BREAKING NEWS FROM CNBC’S KATE KELLY: VINCENT INTRIERI, SR. MANAGING DIRECTOR FOR CARL ICAHN, TO JOIN CHESAPEAKE BOARD
WHEN: TODAY, MONDAY, JUNE 18TH
WHERE: CNBC’S “CLOSING BELL WITH MARIA BARTIROMO”
Following is the unofficial transcript of breaking news from CNBC’s Kate Kelly. Following is a link to the video on CNBC.com: http://video.cnbc.com/gallery/?video=3000097045.
All references must be sourced to CNBC.
KATE KELLY: CHESAPEAKE ENERGY THE EMBATTLED COMPANY THAT IS SHAKING UP ALMOST ITS ENTIRE BOARD RIGHT NOW HAS NAMED OR HAS SORTED OUT WHO AT LEAST ONE NEW DIRECTOR WILL BE INSTEAD OF CARL ICAHN HIMSELF IT’S A SENIOR MANAGING DIRECTOR THAT WORKS FOR MR ICAHN VINCENT INTRIERI WHO ATTENDED THE COMPANY’S ANNUAL MEETING A COUPLE OF WEEKS AGO AND ACTUALLY MADE A SPEECH PRAISING CEO AUBREY MCCLENDON FOR BEING A GREAT MAN AND A GREAT ENTREPRENEUR BUT ESSENTIALLY SAYING EVEN GREAT ENTREPRENEURS NEED OVERSIGHT. ICAHN HAS BEEN VERY ACTIVE IN THIS STOCK OF LATE HE LOADED UP ON SHARES MARIA AS YOU MAY RECALL HAS ALREADY SEEN SOME NICE UPSIDE AND RESULTED IN SOME CHANGES IN CORPORATE GOVERNANCE THAT HE WANTED. ONE OF THOSE WAS HAVING A SEAT ON THE BOARD OF HIS SELECTION AND THEN OF COURSE THREE SEATS WILL BE LARGELY AT THE BEHEST OF SOUTHEASTERN ASSET MANAGEMENT. WE CAN EXPECT FURTHER DETAILS ON WHO SOUTHEASTERN ASSET MANAGEMENT IS GOING TO NAME AS WELL AS THEIR NEW DIRECTOR NO LATER THAN FRIDAY OF THIS WEEK MARIA.
With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, CNBC World and CNBC HD+, CNBC is the recognized world leader in business news providing real-time data, analysis and information to more than 390 million homes worldwide. The network's 16 live hours a day of business programming in North America (weekdays from 4:00 a.m.- 8:00 p.m.) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide. CNBC.com and CNBC Mobile Web (mobile.cnbc.com) offer real-time stock quotes, charts, analysis and on-demand video.
Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://www.nbcumv.com/mediavillage/networks/cnbc/