Management Changes

Chesapeake Energy Corporation (NYSE: CHK) today announced that Patrick K. Craine, a partner with the law firm Bracewell & Giuliani LLP, will join Chesapeake as Chief Compliance Officer. In this capacity, he will report to Chesapeake’s General Counsel, Jim Webb, and the Audit Committee of the Company’s Board of Directors.

Doug Lawler, Chesapeake’s Chief Executive Officer, commented, “I want to thank Steve Dixon for leading the initiative to bring Patrick on board to augment our company-wide compliance efforts. Our senior leadership team and Board of Directors are committed to further enhancing the effectiveness of our regulatory and legal compliance and I look forward to working with Patrick in this important area.”

Jim Webb added, “Patrick’s exceptional service as a federal enforcement attorney, combined with his years in private practice and familiarity with the oil & gas industry, have prepared him well to serve as our Chief Compliance Officer. He brings a wealth of regulatory experience to Chesapeake’s talented team of compliance professionals and we believe Patrick’s leadership will be invaluable as we move forward.”

At Bracewell & Giuliani, Craine was a partner in the firm’s White Collar Defense, Internal Investigations, and Regulatory Enforcement practice and counseled companies, boards, committees, officers, and directors in regulatory and compliance matters. Mr. Craine has also led numerous independent investigations for publicly traded companies. Before entering private practice, he served as an enforcement attorney with the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Mr. Craine was also actively involved in the SEC’s and FINRA’s Oil and Gas Task Forces.

The Governance and Nominating Committee (the “Committee”) of Owens Corning (NYSE: OC) is responsible for recommending to the Board of Directors of the Company director nominees for election. As a result of a director search performed under the direction of the Committee, the Company has identified Edward F. Lonergan as a new director candidate. Mr. Lonergan currently serves as the President and Chief Executive Officer at Chiquita Brands International, Inc (NYSE: CQB).

On June 13, 2013, the Board took the following actions to become effective September 18, 2013: (a) increased the size of the Board as of September 18, 2013 by one member; and (b) elected Edward F. Lonergan as a director to fill the vacancy created by the increase in the size of the Board, to serve in Class II for a term expiring at the Company’s Annual Meeting of Stockholders in 2014. Mr. Lonergan also will serve on the Compensation and Finance Committees of the Board of Directors.

There is no arrangement or understanding between Mr. Lonergan and any other person pursuant to which Mr. Lonergan was selected as a director. For his service as a non-employee member of the Board, beginning September 18, 2013, Mr. Lonergan will participate in the non-employee director compensation arrangements in effect at that time. The arrangements currently in effect are described under the heading “2012 Non-Employee Director Compensation” in the Company’s proxy statement delivered in connection with its 2013 Annual Meeting of Stockholders, as filed with the Securities and Exchange Commission on March 14, 2013. There are no related person transactions involving Mr. Lonergan that are reportable under Item 404(a) of Regulation S-K.

Weyerhaeuser Company (NYSE: WY) announced its board of directors has elected Doyle Simons, age 49, president and chief executive officer, effective August 1, 2013. He will be engaged as CEO Elect effective immediately. Simons succeeds Dan Fulton, who turns 65 this year and will be retiring as planned. Effective August 1, Fulton will serve as executive vice chairman of the Weyerhaeuser board of directors until his retirement in October 2013.

Simons was chairman and chief executive officer of Temple-Inland from 2008 until February 2012 when it was acquired by International Paper. In 2009, he was selected by investment analysts as RISI's North American CEO of the Year in the paper and forest products industry for his leadership in delivering strong results in a challenging economic environment. He has served on the Weyerhaeuser board of directors since June 2012.

Fulton has been president of Weyerhaeuser Company since January 2008 and chief executive officer since April 2008. Prior to that he was president and CEO of the company's wholly owned real estate subsidiary.

VirtualScopics, Inc. (NASDAQ: VSCP), a leading provider of quantitative imaging, today announced that on June 12, 2013 Molly Henderson, its Chief Business and Financial Officer, Sr. Vice President notified the company of her intention to resign from the company effective August 31st, 2013 due to the relocation of her family to Europe. Ms. Henderson will continue in her current role until August 31, 2013.

The company has initiated a search for a new Chief Financial Officer.

Sempra Energy (NYSE: SRE) today announced that Kathleen L. Brown has been appointed to the company's board of directors.

Brown's experience includes 18 years as a senior executive in the financial sector and 16 years of service in the public sector, including a term as California's state treasurer.

Prior to joining Sempra Energy's board, Brown worked 12 years in leadership positions at Goldman Sachs Group, Inc. (NYSE: GS), a global investment banking and securities firm. From 2011 to 2013, she served as the chairman of investment banking for the firm's Midwest division in Chicago. She was managing director and head of the firm's Los Angeles-based western region public sector and infrastructure group from 2003 to 2011.

Brown retired from Goldman Sachs in 2013.

From 1995 to 2001, she served in several senior positions with Bank of America.

As California state treasurer from 1991 to 1995, Brown was responsible for managing a $25 billion bond portfolio and overseeing a $32 billion cash management fund. During that period, she served as a trustee on the boards of CALPERS and CALSTRS, two of the largest pension funds in the nation. Brown co-chaired President Clinton's Commission on Capital Budgeting and the Council of Institutional Investors. She was the Democratic nominee for governor of California in 1994.

From 1987 to 1989, she served as a commissioner on Los Angeles' Board of Public Works and was elected twice to the Los Angeles Unified School District's Board of Education.

Brown currently serves on the boards of directors for Forestar Group Inc., a real estate, oil and gas and natural resources company, and the National Park Foundation. She is a member of the Council on Foreign Relations and was appointed to the Great Lakes Protection Fund board of directors by Ill. Gov. Pat Quinn.

She also has served on the boards of other public companies and non-profit organizations, including: the Children's Hospital of Los Angeles, the California Endowment, the Climate Action Reserve and the Los Angeles Chamber of Commerce.

A resident of Chicago, Brown holds a bachelor's degree from Stanford University and a law degree from Fordham University Law School.