Steven Schlotterbeck Takes the Reins as CEO for EQT
March 01 2017 - 7:00AM
Business Wire
Consolidation & Innovation Strategy
Continues and New Executive Appointments Announced
EQT Corporation (NYSE: EQT), today, announced that Steven
Schlotterbeck has officially assumed the role of Chief Executive
Officer – taking over for David Porges who retired from the
position, staying on as Executive Chairman of EQT's Board of
Directors for a period of one year. A similar leadership transition
occurred for EQT Midstream Partners, LP (NYSE: EQM) and EQT GP
Holdings, LP (NYSE: EQGP), where Schlotterbeck also assumed the
role of CEO for both companies.
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Steven Schlotterbeck Takes the Reins as
CEO for EQT (Photo: Business Wire)
"It is a great honor to succeed Dave as the CEO of EQT
Corporation and I am humbled to be entrusted with the
responsibility to lead this great organization forward," said
Schlotterbeck. "We have outstanding upstream and midstream assets;
a strong financial position; dedicated leadership from our Board;
and the continued commitment of the most talented employees in the
industry – all contributing to EQT's next phase of evolution,
growth, and shareholder value creation."
"This 'changing of the guard' represents a logical and natural
leadership succession that is part of EQT’s overall strategy and
plan for growth and innovation. Steve has a strong operational
focus and I am confident in his abilities to effectively lead our
organization through its next transformative chapter," said Dave
Porges, EQT's Executive Chairman.
EQT continues to be at the forefront of applying innovative
technologies in the development of the Company's vast natural gas
resources, which are primarily located in the heart of the
Marcellus and Utica shale regions of the Appalachian Basin. With
its stringent focus on costs, strong balance sheet, and uniquely
integrated business structure – EQT's overall strategy of
consolidation, innovation, pipeline infrastructure growth, and
customer and market expansion will continue.
Along with the transition of CEO responsibilities, and to
reinforce a commitment to EQT's strategic focus, Schlotterbeck
recently announced his senior management team, the members of which
are as follows:
- David Schlosser was appointed Senior
Vice President, EQT Corporation; and President, Exploration &
Production.
- Lisa Hyland was appointed Senior Vice
President, EQT Corporation; and President, Midstream; and also
Senior Vice President and Chief Operating Officer for the general
partner of EQT Midstream Partners. With Lisa's pending retirement
in March 2018, these positions are interim and an executive search
firm has been hired for the selection process.
- Rob McNally remains Senior Vice
President & Chief Financial Officer and will assume management
responsibilities for the Business Development, Facilities,
Information Technology, Innovation, and Procurement functions.
- Lew Gardner remains General Counsel
& Vice President, External Affairs.
- Charlene Petrelli remains Vice
President & Chief Human Resources Officer.
- Blue Jenkins was appointed to the newly
created role of Chief Commercial Officer.
- Pat Kane remains Chief Investor
Relations Officer and will assume management of EQT's Strategy
& Competitive Analysis function.
Complete bios for EQT's senior management team can be found on
the EQT website.
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
About EQT Midstream
Partners:
EQT Midstream Partners, LP is a growth-oriented limited
partnership formed by EQT Corporation to own, operate, acquire, and
develop midstream assets in the Appalachian Basin. The Partnership
provides midstream services to EQT Corporation and third-party
companies through its strategically located transmission, storage,
and gathering systems that service the Marcellus and Utica regions.
The Partnership owns approximately 950 miles of FERC-regulated
interstate pipelines; and also owns approximately 1,800 miles of
high- and low-pressure gathering lines.
Visit EQT Midstream Partners, LP at
www.eqtmidstreampartners.com.
About EQT GP Holdings:
EQT GP Holdings, LP is a limited partnership that owns the
general partner interest, all of the incentive distribution rights,
and a portion of the limited partner interests in EQT Midstream
Partners, LP. EQT Corporation owns a 90% limited partner interest
in EQT GP Holdings, LP.
Visit EQT GP Holdings, LP at www.eqtmidstreampartners.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170301005259/en/
EQT analyst inquiries:Patrick Kane – Chief Investor
Relations Officer, 412-553-7833pkane@eqt.comorEQT Midstream
Partners / EQT GP Holdings analyst inquiries:Nate Tetlow –
Investor Relations Director, 412-553-5834ntetlow@eqt.comorMedia
inquiries:Natalie Cox – Corporate Director, Communications,
412-395-3941ncox@eqt.com
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