Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 15, 2018, EQT Corporation announced that, effective March 14, 2018, Steven T. Schlotterbeck resigned his positions with EQT Midstream Services, LLC, the general partner (the EQM General Partner) of EQT Midstream Partners, LP (EQM). Those positions were President and Chief Executive Officer of the EQM General Partner and member of the Board of Directors (the Board) of the EQM General Partner.
The Board, effective March 14, 2018, appointed
Jeremiah J. Ashcroft III, age 45, previously the Senior Vice President and Chief Operating Officer of the EQM General Partner, as President and Chief Executive Officer of the EQM General Partner. The Boards of Directors of each of EQT GP Services, LLC, the general partner (the EQGP General Partner) of EQT GP Holdings, LP, and Rice Midstream Management LLC, the general partner (the RMP General Partner) of Rice Midstream Partners LP, also appointed Mr. Ashcroft as President and Chief Executive Officer effective March 14, 2018.
Mr. Ashcroft has served as Senior Vice President, EQT Corporation and President, Midstream since August 2017. Mr. Ashcroft previously served as Senior Vice President and Chief Operating Officer of the RMP General Partner since November 2017. Prior to joining EQT and the EQM General Partner, Mr. Ashcroft was most recently the Chief Executive Officer of Gulf Oil LP (a distributor of fuel products and lubricants) from September 2015 to June 2017; the Chief Operating Officer of JP Energy Partners, LP (an operator of a diversified portfolio of midstream assets including crude oil pipelines and storage, refined product terminals and storage, and natural gas liquids distribution and sales capabilities) from May 2014 to August 2015; and President of Buckeye Partners, LPs (a provider of midstream logistics solutions, primarily consisting of the transport, storage, processing and marketing of liquid petroleum products) Natural Gas Storage, Development & Logistics and Energy Services business units from January 2012 to May 2014. Mr. Ashcroft has also served on the Boards of Directors of the EQM General Partner since August 2017, the RMP General Partner since November 2017 and the EQGP General Partner since March 2018.
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