Billionaire investor Carl Icahn gets his wish. After weeks of discussion and a letter from Icahn, Chesapeake Energy’s (NYSE:CHK) board of directors has decided to replace four of its members.Icahn and Southeastern Asset Management, the two largest stakeholders in Chesapeake, were putting pressure on the company to make some personnel changes. The pressure began in April when Reuters reported Chesapeake’s Chairman of the Board Aubrey McClendon had taken out more than $1 billion in loans using his personal stakes in thousands of company wells as collateral.McClendon recently agreed to step down as chairman and will be replaced as well. Southeastern Asset Management will get to pick three of the new board members while Carl Icahn and his affiliates will pick the fourth.Investors see this move as a good thing for the energy company. Shares of Chesapeake Energy are currently up over a half a percent to $15.67.
