Murry Gerber Resigns from EQT Corporation′s Board of Directors
EQT Corporation (NYSE: EQT) today announced the resignation of Murry
Gerber from its Board of Directors, effective January 5, 2012.
Gerber, who joined the Board of Directors of Halliburton Company
effective January 2012, resigned from EQT after serving for nearly 14
years with the Company in various leadership capacities. Gerber joined
EQT as president and chief executive officer in June 1998. He was
elected as chairman in May 2000, serving this role through April 2010,
when he was elected executive chairman serving in that role through May
2011. Gerber led the evolution of EQT from an under-earning local
distribution company, to the leading exploration and production company
in the Appalachian Basin. Under his leadership, EQT invested over $7
billion in the region; shareholders realized a total return of more than
890%; 22 times the return an investor in the S&P 500 would have
realized; or 41%, over the same period; and increased its employee count
from approximately 1,600 employees to approximately 1,800 employees.
During his tenure with EQT, Gerber served on numerous non-profit boards,
including Allegheny Conference on Community Development, Pennsylvania
Business Council, Pittsburgh Symphony Orchestra, Carnegie Mellon
University and at his alma mater, Augustana College.
'EQT thrived during Murry's years of service. His legacy demonstrates
that a commitment to earning returns on our shareholders′ investments
improves the wealth of the shareholders, our employees and the entire
region,? said David Porges, chairman, president and chief executive
officer of EQT. 'EQT is committed to this principle and will continue to
profitably invest in the success of our region.'
'It has been an honor to serve this great company,? said Gerber. 'The
company has tremendous prospects and will serve a key role in the
country's energy independence. I wish the company's employees and
investors continued success.?
EQT Corporation is an integrated energy company with emphasis on
Appalachian area natural gas production, gathering, processing,
transmission and distribution. Additional information about the company
can be obtained through the company′s web site, http://www.eqt.com;
Investor information is available on that site at http://ir.eqt.com.
EQT Corporation uses its web site as a channel of distribution of
important information about the company, and routinely posts financial
and other important information regarding the company and its financial
condition and operations on the Investors web pages.
EQT Corporation
Analysts: Patrick Kane, 412-553-7833
pkane@eqt.com
or
Media:
Karla Olsen, 412-553-5726
kolsen@eqt.com