EQT Names President Steven Schlotterbeck To Succeed David Porges As CEO In 2017

EQT Corporation (NYSE:EQT), today, announced that Steven T. Schlotterbeck, EQT's current President, will succeed David L. Porges as Chief Executive Officer when Porges retires from that position 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 following his retirement as CEO.

A similar leadership transition will also occur for EQT Midstream Partners, LP (NYSE:EQM) and EQT GP Holdings, LP (NYSE:EQGP), where Porges has served as CEO of the two companies. Upon Porges' retirement, Schlotterbeck will become CEO of both EQT Midstream Partners and EQT GP Holdings.

"The EQT Board of Directors and I have established a seamless succession plan, which has gone very smoothly thanks in large part to the way in which Steve has steadily embraced increasing levels of responsibility at EQT," said Porges. "The past several years have been transformational for EQT, and Steve has been integral in positioning the Company for continued success. He has emerged as a highly valued and respected leader across the Company, which has made this transition and its timing possible. I'm confident the companies will be in good hands for many years to come."

In December 2015, Schlotterbeck was named President of EQT Corporation, while also serving as President, Exploration and Production. Before that, he was appointed Executive Vice President of EQT in 2013. He became Senior Vice President of EQT; and President, Exploration and Production in 2010. Schlotterbeck has been a member of the Board for EQT GP Holdings since its formation in 2015.

Schlotterbeck joined EQT in 2000, holding various engineering and management positions until 2008, when he was promoted to the positions of Vice President of EQT; and President, Production.

"It is an honor to be chosen to succeed Dave Porges as the CEO of EQT Corporation," said Schlotterbeck. "Dave has led our Company through times of tremendous opportunity and his financial prudence has positioned EQT to endure one of the industry's most challenging periods of cyclical uncertainty. Dave's insight and vision have enabled EQT to emerge from this period even stronger and more prepared to seize the opportunities that lie ahead.

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