Equitrans CEO Karam to Step Down, Insider Charletta to Succeed
(Reuters) — Equitrans Midstream said on Thursday CEO Thomas Karam will step down from his role at the end of the year to become the pipeline operator's executive chairman.
Chief Operating Officer Diana Charletta will succeed Karam, effective Jan. 1, 2024, the company said.
Last month, a U.S. appeals court rejected a challenge to federal approvals for the Mountain Valley Pipeline, in a decision that likely ends legal fights over the construction of the $6.6 billion natural gas project led by the company.
The pipeline was initially projected to be finished by late 2018 but was delayed by opposition from groups that claimed it would cause environmental damage and increase the use of climate change-causing natural gas.
Karam and Charletta have been the CEO and COO, respectively, since September 2018, the company said.
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