Steven Schlotterbeck has officially assumed the role of CEO at EQT Corp. (NYSE: EQT), the company said March 1. He will take over for David Porges who retired from the position, staying on as executive chairman of EQT's board of directors for 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.

"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. 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," Schlotterbeck said in a statement.

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"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," Porges added.

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, the company said in a press release.

Schlotterbeck also announced his senior management team. The appointments include:

  • David Schlosser , senior vice president, EQT Corporation; and president, exploration and production;
  • Lisa Hyland , senior vice president, EQT Corporation; and president, midstream; and also senior vice president and COO for the general partner of EQT Midstream Partners;
  • Rob McNally, senior vice president and CFO;
  • Lew Gardner, general counsel and vice president, external affairs;
  • Charlene Petrelli, vice president and chief human resources officer;
  • Blue Jenkins, chief commercial officer; and
  • Pat Kane, chief investor relations officer.