Statement regarding 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 Mr. Souki wanted. It is also telling that Mr. 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 Mr. Souki but not necessarily for the shareholders.

I thank Mr. Souki for helping to build a great company. I also thank Mr. Neal Shear and Mr. G. Andrea Botta for stepping in at this time, but most importantly I thank and congratulate the board for having the “guts” to take these actions, which I fully support.