Icahn says supports Cheniere’s decision to replace Souki

Icahn supports Cheniere's sacking of Souki

Billionaire investor and a major Cheniere Energy shareholder, Carl Icahn fully supported the termination of Charif Souki as CEO of Cheniere.

There is no doubt that Charif Souki has proven that he is a talented entrepreneur but at this time there is also little doubt that the board wished to move the company in a direction that differed greatly from the path Souki wanted,” Icahn, who has recently increased his stake in Cheniere to 13,83 percent, said in a statement on Monday.

It is also telling that Souki sold a great deal of his stock, which made it somewhat easier for him to “swing for the fences” making it a win-win for Souki but not necessarily for the shareholders,” he added.

The Houston-based LNG player’s board of directors replaced Charif Souki as chairman, president and CEO, naming Neal A. Shear as interim president and chief executive officer and G. Andrea Botta as chairman of the board of directors.

 

LNG World News Staff

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