After Toby and Derek Rice seized control of EQT following a bruising proxy fight to control the board, Toby was named CEO of the company. Not long after that, Toby went on record to say he wasn’t cleaning house (see Toby Rice, EQT’s New CEO, is NOT Cleaning House re Top Management). And yet, that’s what it looks like from our point of view. In addition to former CEO Rob McNally and company attorney Jonathan Lushko getting the boot, the company’s chief operating officer (COO), and at least one other senior official, have exited.
After Toby and Derek Rice seized control of EQT following a bruising proxy fight to control the board, Toby was named CEO of the company. Not long after that, Toby went on record to say he wasn’t cleaning house (see 