Equitrans Midstream Appoints Diana Charletta as Chief Executive Officer
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Equitrans Midstream Corporation said Thomas Karam will step down from his role as chief executive officer of Equitrans Midstream to become the company’s executive chairman. Diana Charletta, currently president and chief operating officer of Equitrans, will succeed Karam as Equitrans’ newly appointed chief executive officer. The executive appointments are effective January 1, 2024, and both Karam and Charletta will continue to serve as members of the Equitrans board of directors.
“Nearly five years ago, Equitrans Midstream was launched as an independent, publicly traded company, and, since the beginning, we have been steadfast and resilient, persevering through challenges that many had thought were insurmountable,” said Thomas Karam.
“We are targeting completion of the Mountain Valley Pipeline (MVP) project by year-end and believe this is the right time to execute on our long-planned leadership succession strategy. Equitrans has a long history, a comprehensive asset footprint across the Appalachian Basin, and a very bright future. With deep-rooted operational experience, Diana is a respected leader among her peers and across the organization, and I am confident in her ability to successfully execute on our strategic priorities,” added Karam.
“I am proud to lead the organization into its next chapter and excited for the opportunity to guide the remarkable people who have established a culture that is committed to safety, environmental stewardship, operational excellence, and integrity,” said Diana Charletta.
“As we prepare for MVP in-service, I am also eager to explore the opportunities that the new takeaway capacity is positioned to present. We will work to continue to provide innovative solutions for our customers, to further optimize our assets and improve capital efficiency, and to operate safely and responsibly, all with a focus on driving meaningful value for Equitrans,” added Charletta.
“On behalf of the board of directors, I thank Tom for the leadership that only someone with his experience, expertise, and determination could have provided during the course of the past five years. In particular, and in the face of unprecedented challenges to the MVP project, it was his ability to navigate the legal, operational, and legislative labyrinth, which ultimately resulted in the inclusion of MVP in the Fiscal Responsibility Act of 2023,” said Robert Vagt, Equitrans’ lead independent director.
“During this same period, Diana continued to prove herself an exceptional leader, combining her operational expertise with strategic corporate vision. Going forward, we are both pleased and very proud to have Diana leading Equitrans and grateful for Tom’s continuing support as executive chairman,” added Vagt.
Equitrans Midstream Corporation has a premier asset footprint in the Appalachian Basin and, as the parent company of EQM Midstream Partners, is one of the largest natural gas gatherers in the United States. Through its strategically located infrastructure assets in the Marcellus and Utica regions, Equitrans has an operational focus on gas transmission and storage systems, gas gathering systems, and water services that support natural gas development and production across the Basin. With a rich 140-year history in the energy industry, Equitrans was launched as a standalone company in 2018 with a vision to be the premier midstream services provider in North America. While working to meet America’s growing need for clean-burning energy, Equitrans is proud of its environmental, social, and governance (ESG) practices, striving every day to preserve and protect the environment, provide an engaging workplace for its employees, support and enrich its local communities, and to deliver sustained value for customers and shareholders.
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