“The big news from the announcement that Dunham is coming on is that it is unlikely that he would move to the role of a full-time CEO,” Rezvan said.
There had been speculation that the board would possibly choose a younger candidate who would wear both the CEO and chairman hats if pressure grew to have McClendon ousted, Rezvan added.
Still, this does not necessarily mean that McClendon has a firm grip on the chief position.
“It remains to be seen,” he said. “We’ll have to see how some of the deals play out and how the commodity price environment looks heading into 2013 to see how his aggressive strategy has really played out.”
—By CNBC.com’s Katie Little
Additional News: Sinopec Eyes Billions in Chesapeake Assets
Additional Views: Analyst on Chesapeake Board Shuffle
CNBC Data Pages:
No disclosure information was available for Tim Rezvan.
Follow Katie Little on Twitter @katie_little.