Summit Midstream Fires CEO; M-U Volumes, Profits Down in 2018

Summit Midstream has a meaningful presence in the Marcellus/Utica region. The company not only released their 4Q and full year 2018 update yesterday, they also released the bombshell announcement they have fired (our word, not theirs) CEO Steve Newby. Summit COO Leonard Mallett has become interim President and Chief Executive Officer while the company conducts a search.

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