Raspino commented: “It is an honor to be selected to join the board of one of our country’s leading energy producers – a company that played a leading role in changing the U.S. energy supply paradigm from scarcity to abundance. I look forward to learning more about what I believe are world-class assets and human talent that together hold tremendous potential for future value creation.”Raspino’s career has spanned almost 40 years, most recently as president and chief executive officer of Pride International, Inc. (NYSE:PDE) until Pride’s merger with Ensco plc in May 2011. Pride was one of the world’s largest oil and gas drilling and services companies and conducted business in more than 30 countries, with 14,000 employees representing 50 nationalities. He started his corporate career in 1978 with The Louisiana Land & Exploration Company (NYSE:LLX), where he rose to the level of SVP/CFO and member of the Office of the Chairman. During his career with LL&E, Raspino helped lead the company’s strategic transformation – including numerous acquisitions and divestitures – that ultimately enabled a merger in 1997 with Burlington Resources (NYSE:BR), creating the nation’s second-largest independent E&P company at the time. After serving as vice president of finance for the Halliburton Company (NYSE:HAL), he then became senior vice president and chief financial officer of Grant Prideco, Inc. (NYSE:GDP) in 2000. He was named senior vice president and chief financial officer of Pride in 2003 and was promoted to president and chief executive officer in 2005. He began his career in 1973 as a Certified Public Accountant with Ernst & Young, advising clients in the energy, financial and public utility sectors. He serves on the boards of two other public companies, Dresser Rand Corporation. (NYSE:DRC) since 2005, where he is chairman of the compensation committee and a member of the audit committee, and in 2012 he became an investor in and board member of Forum Energy Technologies (NYSE:FET), where he serves on the nominating, governance and compensation committee. He also served on Pride’s board until its merger with Ensco plc.
He earned a Bachelor of Science degree from Louisiana State University, New Orleans, and a Master of Business Administration degree from Loyola University. He has remained a Certified Public Accountant since 1973.Chesapeake Energy Corporation (NYSE:CHK) is the second-largest producer of natural gas, a Top 11 producer of oil and natural gas liquids and the most active driller of new wells in the U.S. Headquartered in Oklahoma City, the company's operations are focused on discovering and developing unconventional natural gas and oil fields onshore in the U.S. Chesapeake owns leading positions in the Eagle Ford, Utica, Granite Wash, Cleveland, Tonkawa, Mississippi Lime and Niobrara unconventional liquids plays and in the Marcellus, Haynesville/Bossier and Barnett unconventional natural gas shale plays. The company has also vertically integrated its operations and owns substantial marketing and oilfield services businesses through its subsidiaries Chesapeake Energy Marketing, Inc. and Chesapeake Oilfield Operating, L.L.C. Further information is available at www.chk.com where Chesapeake routinely posts announcements, updates, events, investor information, presentations and news releases.