Rice to head EQT after board shake-up

Toby Z. Rice was expected to be named president and chief executive officer of EQT Corp., Pittsburgh, after results of a proxy contest reshuffled the board of directors.

Jul 10th, 2019

Toby Z. Rice was expected to be named president and chief executive officer of EQT Corp., Pittsburgh, after results of a proxy contest reshuffled the board of directors.

Former officials of Rice Energy Inc., which EQT acquired for $8.2 billion in 2017, launched the proxy war calling for the shake-up (OGJ Online, Nov. 14, 2017).

Preliminary results of voting at the EQT annual meeting on July 10 indicated more than 80% support for seven directors nominated by the Rice faction and five directors supported by EQT and Rice.

After certification, the reconstituted board was expected to appoint Rice to succeed Robert McNally as president and CEO.

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