People | People-Promotion

EQT Midstream / EQT GP Taps New President & CEO

Share Print Bookmark    |    Thursday,August 09,2018

EQT Corporation announced that Thomas F. Karam has been appointed as Senior Vice President and President, Midstream, of EQT, effectively immediately.

Karam also assumed the roles of President and Chief Executive Officer of the general partners of EQT Midstream Partners, LP and EQT GP Holdings, LP and joined each of the companies' respective Board of Directors.

Upon completion of the Company's upstream and midstream business separation, it is expected that Karam will become President and Chief Executive Officer of Equitrans Midstream Corporation, the anticipated new, publicly traded midstream company; and become a member of its Board of Directors.

About Karam

Karam has been a senior executive and entrepreneur in the midstream energy sector for more than 25 years. He served as a Founder and Chairman of Karbon Partners, LLC, which invests in, owns, constructs, and operates midstream energy assets from April 2017 to August 2018; and was the founder, Chairman and Chief Executive Officer of PennTex from 2014 until its sale to Energy Transfer Partners in November 2016. Prior to that, Karam was the founder, Chairman and Chief Executive Officer of Laser Midstream Partners, LLC (Laser). Laser had several independent natural gas gathering systems in the northeast Marcellus shale from 2010 until February 2012, when it was acquired by Williams Partners LP, a publicly traded master limited partnership providing large-scale infrastructure. Karam was also President, Chief Operating Officer and Director of Southern Union Company (Southern Union), where he led its successful transformation from a large, local distribution company to one of the largest pipeline companies in the United States at the time. Prior to Southern Union, Karam was President and Chief Executive Officer of Pennsylvania Enterprises, Inc. and PG Energy, a natural gas utility in central and northeastern Pennsylvania, until its acquisition by Southern Union. Karam began his professional career in investment banking where he spent a number of years with Legg Mason Inc. and Thomson McKinnon.

Karam's predecessor, Jeremiah J. Ashcroft III, was relieved of all duties with EQT and its subsidiaries, effective August 8, 2018.