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All seven Rice team nominees elected to EQT board

Jul. 10, 2019 9:02 AM ETEQT Corporation (EQT) StockBy: Carl Surran, SA News Editor2 Comments
  • EQT Corp. (NYSE:EQT) +6% pre-market after preliminary voting results show shareholders elected all seven Rice Team-nominated directors and the five nominees supported by both EQT and the Rice Team; all 12 elected directors received more than 80% of the votes cast at the EQT annual meeting.
  • The newly constituted board will meet later today and is expected to name Toby Rice as EQT's new President and CEO, succeeding Robert McNally.
  • The dissidents' victory highlights the urgency for producers to demonstrate that they can translate their drilling success into shareholder returns; the Rices have touted the more intensive use of technology at EQT to improve the efficiency of its drilling.

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