People | People-Promotion | People-Retirement

Schlotterbeck to Take Helm of EQT After Porge Retires in Q1 2017

Share Print Bookmark    |    Thursday,October 27,2016

EQT 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.

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 and EQT GP Holdings, 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.

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.

For the past several years, Porges concentrated his endeavors on EQT's financial strategy - with a focus on creating and driving additional value. Two new public entities were created, EQT Midstream Partners and EQT GP Holdings; several transactions were initiated, including asset dropdowns, the selling of non-core assets and acquiring of assets within EQT's core business operations; and the midstream infrastructure platform was bolstered through organic growth projects.

Porges has served as EQT Corporation's CEO since April 2010. He was named Chairman of the Board of Directors in 2011, where he has been a member since 2002. Before that, he was promoted to President and Chief Operating Officer in 2007.

Porges joined EQT in 1998 as Senior Vice President and Chief Financial Officer, and was promoted to Executive Vice President in 2000. In 2005, he was named Vice Chairman and Executive Vice President, Finance and Administration.