EQT Appoints New Directors

EQT Corporation today announced it has has appointed Thomas F. Karam and Norman J. Szydlowski to the company’s Board of Directors, effective immediately.

Karam has served as 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. 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. Prior to joining 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. Previously, 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. Before that, he 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. Karam began his professional career in investment banking with Legg Mason Inc. and Thomson McKinnon.

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, a director of Transocean Partners, LLC from 2014 to 2016, and a director of NGL Energy Partners from 2011 to 2014. From 2009 to 2014, Szydlowski served as President and Chief Executive Officer of SemGroup Corporation. During his tenure with SemGroup, he also served as President, Chief Executive Officer and Chairman of the Board of Directors of Rose Rock Midstream GP, LLC. From 2006 to 2008, Szydlowski served as President and Chief Executive Officer of Colonial Pipeline Company, and before that, held numerous leadership roles at Chevron Corporation.  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.

“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.”

 

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