Equitrans names Diana Charletta CEO effective Jan 1, 2024; Karam becomes Executive Chairman

Equitrans Midstream Corp

Thomas F. Karam steps down as CEO effective Jan 1, 2024, becomes Executive Chairman with base salary $625,000.
Diana M. Charletta, currently President and COO, succeeds as CEO; base salary $720,000, STIP target 120%, LTIP $3.5M.
Karam receives $7.5M cash bonus for efforts on MVP project, including inclusion in Fiscal Responsibility Act of 2023.
CEO transition tied to targeted completion of Mountain Valley Pipeline by year-end 2023.
Amendments to non-compete agreements for named executives, including enhanced severance for Charletta (30 months base salary).

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Thomas F. Karam

Executive Chairman

Equitrans Midstream Corp

Effective: 2024-01-01
Successor: Diana M. Charletta
Filed: September 7, 2023, 7:59 PM ET

Thomas F. Karam will step down as Chief Executive Officer (CEO) of the Company and Diana M. Charletta, currently the Company’s President and Chief Operating Officer, will succeed Mr. Karam as CEO.

Role change

Diana M. Charletta

Chief Executive Officer

Equitrans Midstream Corp

Effective: 2024-01-01
Filed: September 7, 2023, 7:59 PM ET

Diana M. Charletta, currently the Company’s President and Chief Operating Officer, will succeed Mr. Karam as CEO.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas F. Karam was appointed as Executive Chairman at Equitrans Midstream Corp.

Action: appointed
Role: Executive Chairman

Exact text from the filing

Thomas F. Karam will step down as Chief Executive Officer (CEO) of the Company and Diana M. Charletta, currently the Company’s President and Chief Operating Officer, will succeed Mr. Karam as CEO.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Diana M. Charletta was appointed as Chief Executive Officer at Equitrans Midstream Corp.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Diana M. Charletta, currently the Company’s President and Chief Operating Officer, will succeed Mr. Karam as CEO.

View on SEC.gov

Source: SEC EDGAR

accession 0001104659-23-098935

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.