Expand Energy names Daniel E. Brown CEO, effective October 26, 2026
Expand Energy's board appointed Daniel E. Brown, formerly CEO of Chord Energy, as President and Chief Executive Officer, effective when his employment begins, expected October 26, 2026. Michael Wichterich, who has been interim CEO, will step down from that role and remain Chairman of the Board, and Brown will also join the board. The filing sets out a $1,000,000 base salary and a $8,750,000 annual long-term incentive target, plus a make-whole equity award for compensation forfeited at his prior employer.
Key points
- Effective date: employment anticipated to begin October 26, 2026; Brown also joins the board as an employee director
- Base salary $1,000,000 with a 125% annual cash bonus target; annual long-term incentive target value $8,750,000
- Make-whole award: RSUs with a target value of $4,726,662 and PSUs with a target value of $10,925,584
- Michael Wichterich ceases as interim CEO but continues as Chairman; he keeps a pro-rata 2026 long-term incentive award
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.