On June 10, 2021, the Board of Directors of Chesapeake Energy Corporation announced that they have reached mutual agreements with Frank J. Patterson, the Company’s Executive Vice President of Exploration and Production, James R. Webb, the Company’s Executive Vice President - General Counsel and Corporate Secretary, and William M. Buergler, Senior Vice President and Chief Accounting Officer, will no longer serve in their respective positions, effective for Messrs. Patterson, Webb and Buergler to depart the Company on June 11, 2021.