EQT CEO Steve Schlotterbeck Suddenly Quits, Leaves Company

Steve Schlotterbeck

We certainly didn’t see this one coming. The country’s #1 producer of natural gas, EQT, has just lost it’s President & CEO, Steven Schlotterbeck. Steve is the man who guided the company through its acquisition of Rice Energy last year (see EQT Buys Rice Energy in $8.2B Deal, Becomes #1 Gas Producer in US). It was a tough battle against multiple corporate raiders who didn’t want to see the deal happen, but Steve held it together and made it happen. The notice from EQT (below) is short and sweet and says Steve has resigned immediately, due to “personal reasons.” Stepping back in to pilot the ship while the company searches for a new leader is former CEO David Porges (CEO from 2011-2017 until Steve took over). The news of Schlotterbeck’s surprise resignation came as a shock around Pittsburgh (and nationwide). Why did he step down? MDN has the scoop…

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