Toby Rice, President and CEO of EQT Corp. (Source: CERAWeek by S&P Global)
Appalachian gas giant EQT Corp. named a successor for outgoing CFO David Khani.
Jeremy Knop, who previously served as executive vice president of corporate development for EQT, will assume the role of CFO effective July 24, the company announced in a July 20 news release.
Since joining Pittsburgh-based EQT in 2021, Knop has overseen the company’s M&A strategy and transaction execution. He has worked closely with Khani on matters related to financial policy, capital allocation and hedging, the company said.
“Jeremy's strategic, value-oriented mindset and deep understanding of our business instills great confidence that he will continue to drive value creation, strengthen our balance sheet and ensure the realization of our long-term vision,” said Toby Rice, president and CEO of EQT.
Before joining EQT, Knop worked as a principal at The Blackstone Group focused on debt, mezzanine and private equity investment in the energy sector.
In February, EQT announced that it would be conducting a search to identify a successor for Khani. He joined as CFO at the natural gas E&P in January 2020 after previously serving as CFO of coal company CONSOL Energy, according to EQT regulatory filings.
On July 19, the EQT board of directors declared a quarterly cash dividend of $0.15 per share—in line with the company’s dividend last quarter. The current quarterly dividend is payable on Sept. 1 to shareholders of record as of Aug. 9, EQT said in a news release.
RELATED
Recommended Reading
Utica Oil E&P Infinity Natural Resources Latest to File for IPO
2024-10-04 - Utica Shale E&P Infinity Natural Resources has not yet set a price or disclosed the number of shares it intends to offer.
Private Equity Gears Up for Big Opportunities
2024-10-04 - The private equity sector is having a moment in the upstream space.
After BKV’s IPO, Is Market Open to More Public SMID Caps?
2024-10-03 - The market for new E&P and energy IPOs has been tepid since the COVID-19 pandemic. But investor appetite is growing for new small- and mid-sized energy IPOs, says Citigroup Managing Director Dylan Tornay.
Sheffield: E&Ps’ Capital Starvation Not All Bad, But M&A Needs Work
2024-10-04 - Bryan Sheffield, managing partner of Formentera Partners and founder of Parsley Energy, discussed E&P capital, M&A barriers and how longer laterals could spur a “growth mode” at Hart Energy’s Energy Capital Conference.
SandRidge Recasts Management with New Chairman, CFO
2024-10-03 - SandRidge Energy has appointed Vincent Intrieri as chairman to succeed Jonathan Frates, who will transition to the role of executive vice president and CFO.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.