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Chesapeake Utilities CEO to step down in 2019

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Chesapeake Utilities CEO to step down in 2019

Chesapeake Utilities Corp. President and CEO Michael McMasters plans to retire in early 2019.

McMasters will continue to serve on the board of directors and will serve in an advisory capacity to ensure a smooth transition, the company said Sept. 10.

A board committee, composed of independent directors, is evaluating internal and external candidates to succeed McMasters.