EQT Appoints Frank C. Hu To Board Of Directors

Rhea-AI Summary

EQT Corporation (NYSE: EQT) has appointed Frank C. Hu to its Board of Directors, effective October 19, 2021. Hu brings extensive financial expertise and a strong oil and gas background, having managed nearly $10 billion in equities at Capital Group. His leadership experience includes previous roles at Unocal Corporation and McKinsey & Company. EQT's Chair, Lydia I. Beebe, emphasized the valuable contributions Hu is expected to provide in advancing the company's mission.

Positive

• Appointment of Frank C. Hu enhances board expertise with significant financial and industry experience.
• Hu's background in managing large oil and gas investments will aid EQT's strategic objectives.

Negative

• None.

PITTSBURGH, Sept. 27, 2021 /PRNewswire/ -- EQT Corporation (NYSE: EQT) today announced that its Board of Directors has appointed Frank C. Hu, former Vice President of Capital World Investors, an investment group in the Capital Group Companies, Inc., to the EQT Board of Directors, effective as of October 19, 2021.

"We are pleased to welcome Frank to the EQT Board. His decades of financial experience and deep understanding of the oil and gas industry bring added depth to our Board," said Lydia I. Beebe, Chair of the EQT Board.

"The combination of Frank's executive leadership experience managing downstream and business development segments, coupled with his strong oil and gas investment background, will be extremely valuable in helping EQT advance its mission of becoming the operator of choice," said Toby Z. Rice, President and Chief Executive Officer of EQT Corporation.

Mr. Hu most recently served as Vice President of Capital World Investors, an investment group in the Capital Group Companies, Inc., one of the largest investment management firms in the world. During his 14 years with Capital Group, Mr. Hu served as an analyst for investments in large oil and gas companies globally, directly managing nearly $10 billion in equities.

Prior to joining The Capital Group Companies, Inc. in 2003, Mr. Hu served as Manager of Project Finance for Unocal Corporation from 2002 through 2003 and Global Energy Practice Consultant for McKinsey & Company from 2000 to 2002.

Prior to joining McKinsey in 2000, Mr. Hu held various leadership roles at Atlantic Richfield Company in both Los Angeles and Hong Kong relating to downstream operations and business development, refining and marketing investments, upstream divisions, portfolio management and treasury.

Mr. Hu holds Bachelor of Science and Master of Science degrees in engineering from Harvey Mudd College and an M.B.A from the Amos Tuck School at Dartmouth College. He also currently serves as an advisory board member for the Geology & Planetary Science Division at the California Institute of Technology.

EQT Contact:
Bridget McNie
Director of Communications
412.720.4500
Bridget.mcnie@eqt.com 

About EQT
EQT Corporation is a leading independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a longstanding commitment to the safety of our employees, contractors, and communities, and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day – trust, teamwork, heart, and evolution are at the center of all we do. To learn more, visit eqt.com.

 

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SOURCE EQT Corporation (EQT-IR)

FAQ

Who has been appointed to the EQT Board of Directors?

Frank C. Hu has been appointed to the EQT Board of Directors, effective October 19, 2021.

What is Frank C. Hu's professional background?

Frank C. Hu has extensive experience in finance and the oil and gas industry, previously serving at Capital Group and other major firms.

How much capital did Frank C. Hu manage at Capital Group?

Frank C. Hu managed nearly $10 billion in equities during his tenure at Capital Group.

What impact will Frank C. Hu's appointment have on EQT?

His experience is expected to provide valuable insights and support EQT's mission of becoming the operator of choice.