Equitrans CEO Karam to step down, insider Charletta to succeed

Equitrans Midstream

07/09/2023 21:38

Sept 7 (Reuters) - Equitrans Midstream  ETRN.N  said on
Thursday CEO Thomas Karam will step down from his role at the
end of the year to become the pipeline operator's executive
chairman.
    Chief Operating Officer Diana Charletta will succeed Karam,
effective Jan. 1, 2024, the company said.
    Last month, a U.S. appeals court rejected a challenge to
federal approvals for the Mountain Valley Pipeline, in a
decision that likely ends legal fights over the construction of
the $6.6 billion natural gas project led by the company.
    The pipeline was initially projected to be finished by late
2018 but was delayed by opposition from groups that claimed it
would cause environmental damage and increase the use of climate
change-causing natural gas.
    Karam and Charletta have been the CEO and COO, respectively,
since September 2018, the company said.  
    

 (Reporting by Arunima Kumar in Bengaluru; Editing by Sriraj
Kalluvila)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94
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