Equitrans CEO Stepping Down with $7.5M Bonus for Finishing MVP
Equitrans Midstream Corporation, the builder and (soon to be) operator of the 303-mile Mountain Valley Pipeline (MVP) project, announced the company’s CEO, Thomas Karam, will retire at the end of the year just as MVP is coming online. Diana Charletta, currently president and chief operating officer of Equitrans, will succeed Karam as Equitrans’ newly appointed CEO. There’s no surprise or mystery there–Charletta has been the heir apparent for some time. However, what the official press release doesn’t tell you is that the Equitrans board is showering Karam with a $7.5 million bonus as his reward for dragging MVP across the finish line.
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