EQT Announces Appointment of Two New Directors
November 13 2017 - 4:41PM
Business Wire
EQT Corporation (NYSE: EQT) today announced that its Board of
Directors has appointed Thomas F. Karam, founder and Chairman of
Karbon Partners, LLC; and Norman J. Szydlowski, former President
and Chief Executive Officer of SemGroup Corporation, to the EQT
Board of Directors, effective immediately. With these appointments,
EQT has expanded its Board size to 15 Directors.
“Following a comprehensive search process that included
significant engagement with shareholders, we are pleased to welcome
Tom and Norm to the EQT Board,” said James E. Rohr, EQT’s lead
independent director. “With Thomas’ more than 25 years of
experience in the midstream energy sector, and Norman’s significant
Board and executive leadership experience in midstream and across
the energy industry, their individual and independent perspectives
will be a valuable resource to the Board. In connection with the
closing of the Rice Energy transaction, we are also pleased to
welcome Danny Rice and Bobby Vagt to the Board.”
About Thomas F. Karam
Mr. Karam has been a senior executive and entrepreneur in the
midstream energy sector for more than 25 years. He is the founder
and Chairman of Karbon Partners, LLC, which invests in, owns,
constructs, and operates midstream energy assets. Mr. Karam
previously served as the founder, Chairman and Chief Executive
Officer of PennTex Midstream Partners, LLC, a publicly traded MLP
with operations in North Louisiana and the Permian Basin from 2014
until its sale to Energy Transfer Partners in 2016. Preceding
PennTex, he was the founder, Chairman and Chief Executive Officer
of Laser Midstream Partners, LLC, one of the first independent
natural gas gathering systems in the northeast Marcellus shale,
from 2010 until 2012 when it was acquired by Williams Partners.
Prior to Laser, Mr. Karam was the President, Chief Operating
Officer and Director of Southern Union Company, where he led its
successful transformation from a large LDC company to one of the
largest pipeline companies in the United States at the time. Prior
to Southern Union, Mr. Karam was the President and Chief Executive
Officer of Pennsylvania Enterprises and PG Energy, a natural gas
utility in central and northeastern Pennsylvania until its
acquisition by Southern Union Company. Mr. Karam began his
professional career in investment banking with Legg Mason Inc. and
Thomson McKinnon.
About Norman J. Szydlowski
Mr. Szydlowski has served as a director of the general partner
of 8point3 Energy Partners, LP since 2015. He also served as a
director of the general partner of JP Energy Partners LP from 2014
to 2017, and he was a director of Transocean Partners, LLC from
2014 to 2016. From 2009 to 2014, Mr. Szydlowski served as President
and Chief Executive Officer of SemGroup Corporation, and as a
director from 2010 to 2014. During his career with SemGroup, Mr.
Szydlowski served as President, Chief Executive Officer and
Chairman of the Board of Directors of Rose Rock Midstream GP, LLC.
From 2006 to 2008, Mr. Szydlowski served as President and Chief
Executive Officer of Colonial Pipeline Company and from 2011 to
2014 served as a director of NGL Energy Partners. He also has
served as a senior consultant to the Iraqi Ministry of Oil in
Baghdad on behalf of the U.S. Department of Defense, where he led
an advisory team in the rehabilitation, infrastructure security and
development of future strategy of the Iraqi oil sector. Earlier
career experience includes several leadership roles at Chevron
Corporation.
About EQT Corporation:
EQT Corporation is an integrated energy company with emphasis on
Appalachian area natural gas production, gathering, and
transmission. With more than 125 years of experience, EQT continues
to be a leader in the use of advanced horizontal drilling
technology – designed to minimize the potential impact of
drilling-related activities and reduce the overall environmental
footprint. Through safe and responsible operations, the Company is
committed to meeting the country’s growing demand for clean-burning
energy, while continuing to provide a rewarding workplace and
enrich the communities where its employees live and work. EQT also
owns a 90% limited partner interest in EQT GP Holdings, LP. EQT GP
Holdings, LP owns the general partner interest, all of the
incentive distribution rights, and a portion of the limited partner
interests in EQT Midstream Partners, LP.
Visit EQT Corporation at www.EQT.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20171113006366/en/
EQT analyst inquiries:Patrick Kane, 412-553-7833Chief
Investor Relations Officerpkane@eqt.comorEQT Midstream Partners
/ EQT GP Holdings analyst inquiries:Nate Tetlow,
412-553-5834Investor Relations Directorntetlow@eqt.comorMedia
inquiries:Natalie Cox, 412-395-3941Corporate Director,
Communicationsncox@eqt.com
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