Equitrans Midstream Corporation (NYSE: ETRN) has made a significant announcement today that marks a pivotal moment in its leadership history. In a strategic move to further strengthen the company's position in the energy industry, Thomas F. Karam, the current CEO, will transition to the role of executive chairman, while Diana M. Charletta, the esteemed president and chief operating officer of Equitrans, will step into the role of chief executive officer. This transition is set to take effect on January 1, 2024, signifying a new era for the company.

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Thomas F. Karam's Vision and Leadership

Thomas F. Karam, who has been at the helm of Equitrans Midstream as CEO since September 2018, has played a pivotal role in steering the company through challenging times. Under his leadership, the company persevered and made significant strides in achieving its goals, including the targeted completion of the Mountain Valley Pipeline (MVP) project by year-end. In his words, "Equitrans has a long history, a comprehensive asset footprint across the Appalachian Basin, and a very bright future." Mr. Karam's strategic leadership has been instrumental in positioning Equitrans for success.

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Diana M. Charletta's Appointment as CEO

Diana M. Charletta, who currently serves as Equitrans' president and chief operating officer, will assume the role of CEO, effective January 1, 2024. With deep-rooted operational experience and a strong reputation within the industry, Ms. Charletta is well-equipped to lead Equitrans into its next chapter. She expressed her enthusiasm for guiding the dedicated team at Equitrans, emphasizing the company's commitment to safety, environmental stewardship, operational excellence, and integrity. As the MVP project approaches its in-service date, Ms. Charletta is eager to explore new opportunities and continue providing innovative solutions for customers.

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Board of Directors' Gratitude

Robert F. Vagt, Equitrans' lead independent director, expressed his gratitude to Thomas F. Karam for his exceptional leadership over the past five years. Mr. Karam's ability to navigate complex challenges, particularly those related to the MVP project, has been instrumental in the company's success. Additionally, Diana Charletta's remarkable leadership, combining operational expertise with strategic vision, has been acknowledged and celebrated by the Board of Directors. The board is pleased and proud to have Diana Charletta take the reins as CEO, with Tom Karam's continued support as executive chairman.

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Equitrans Midstream Corporation's announcement of a CEO transition reflects the company's commitment to building on its strong foundation and driving meaningful value for shareholders, customers, and stakeholders alike. With Diana M. Charletta at the helm and Thomas F. Karam's continued involvement, Equitrans is poised to continue its journey as a leader in the energy industry, delivering innovative solutions and maintaining its unwavering commitment to safety and environmental responsibility. The energy sector will undoubtedly be watching as this dynamic transition unfolds in the coming months.

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