EQT Corporation President Steven T. Schlotterbeck will succeed David L. Porges as CEO when Porges retires in the first quarter of 2017, following the filing of the Company’s 10-K. Porges will remain as Chairman of EQT’s Board of Directors for one year after the retirement. A similar leadership transition will also occur for EQT Midstream Partners and EQT GP Holdings.
In December 2015, Schlotterbeck was named president of EQT Corporation, while also serving as president of Exploration and Production. Before that, he became executive vice president of EQT in 2013. Schlotterbeck has been board member for EQT GP Holdings since its formation in 2015, having joined EQT in 2000,
For the past several years, Porges concentrated his endeavors on EQT’s financial strategy – with a focus on creating and driving additional value. Two new public entities were created, EQT Midstream Partners and EQT GP Holdings; several transactions were initiated, including asset dropdowns, the selling of non-core assets and acquiring of assets within EQT’s core business operations; and the midstream infrastructure platform was bolstered through organic growth projects.