$8.37 | 0.04
September 25, 2020 8:03 AM ET


Board of Directors

Thomas F. Karam

Chairman of the Board

Thomas F. “Tom” Karam was appointed chief executive officer and chairman of the board of Equitrans Midstream Corporation (Equitrans Midstream) in July 2019.  Prior to that, Mr. Karam served as president and chief executive officer of Equitrans Midstream since September 2018 and a director since November 2018. Prior to services at Equitrans Midstream, he served as senior vice president, EQT Corporation (EQT) and president, Midstream from August 2018; serving in those capacities until the separation of EQT and Equitrans Midstream in November 2018. Mr. Karam served as chief executive officer and chairman of the general partner of EQM Midstream Partners, LP (EQM) from July 2019 until Equitrans Midstream’s acquisition of 100% of the limited partner interests in EQM in June 2020, chairman, president and chief executive officer, from October 2018 to July 2019, and as president, chief executive officer and director,  from August 2018 to October 2018. Additionally, he served as chairman, president and chief executive officer of EQGP Holdings LP’s (EQGP) general partner from October 2018 until Equitrans Midstream’s acquisition of 100% of the limited partner interests in EQGP in January 2019, as well as president, chief executive officer and director from August 2018 to October 2018. Tom served on EQT’s board of directors from November 2017 until the separation of EQT and Equitrans Midstream in November 2018.

Tom has been a senior executive and entrepreneur in the midstream energy sector for more than 25 years. He is the founder and served as chairman of Karbon Partners, LLC, which invests in, owns, constructs, and operates midstream energy assets, from April 2017 to August 2018. Tom is the founder and previously served as chairman and chief executive officer of PennTex Midstream Partners, LLC, a publicly traded master limited partnership with operations in North Louisiana and the Permian Basin from 2014 until its sale to Energy Transfer Partners in 2016. Preceding PennTex, he was the founder, chairman and chief executive officer of Laser Midstream Partners, LLC (Laser), one of the first independent natural gas gathering systems in the northeast Marcellus Shale, from 2010 until 2012 when it was acquired by Williams Partners. Prior to Laser, Tom was the President, chief operating officer and director of Southern Union Company, where he led its successful transformation from a large local distribution company to one of the largest pipeline companies in the United States at the time.

Prior to Southern Union Company, Tom was the president and chief executive officer of Pennsylvania Enterprises and PG Energy, a natural gas utility in central and northeastern Pennsylvania until its acquisition by Southern Union Company. Tom began his professional career in investment banking with Legg Mason Inc. and Thomson McKinnon.

Robert F. Vagt

Lead Independent Director

Mr. Vagt joined the Equitrans Midstream Board of Directors in November 2018 and currently serves as the lead independent director of Equitrans Midstream and as a member of the Audit Committee.  Mr. Vagt served as a director of EQT from November 2017 until the separation of EQT and Equitrans Midstream in November 2018. Mr. Vagt served as president of Davidson College (an independent liberal arts college) from July 1997 through August 2007, and served as president of The Heinz Endowments (a private philanthropic foundation) from January 2008 through January 2014. Mr. Vagt was a director of Rice Energy Inc., serving as that board’s independent chair, chair of its health, safety and environmental committee, and a member of the audit and nominating and governance committees, from January 2014 through November 2017. From January 2014 to July 2018, Mr. Vagt also served on the board of directors of the general partner of Rice Midstream Partner LP (RMP), serving as board chair from December 2014 through November 2017. Mr. Vagt has served as a director of Kinder Morgan, Inc. (a publicly-traded energy infrastructure company) since May 2012, where he serves as a member of the audit committee and chair of its environmental, health and safety committee. 

Prior to his service to The Heinz Endowments and Davidson College, Mr. Vagt had significant executive and operational oil and gas industry experience, having served as president and chief operating officer of Seagull Energy Corporation (an oil and gas exploration and production company) from 1996 to 1997, as president, chairman and chief executive officer of Global Natural Resources (a producer of oil and natural gas) from 1992 to 1996 and as president and chief operating officer of Adobe Resources Corporation (an oil and natural gas production company) from 1989 to 1992. Mr. Vagt also served as a director of El Paso Corporation (a provider of natural gas and related energy products) (now part of Kinder Morgan, Inc.) from May 2005 to 2012, where he was a member of the compensation and health, safety and environmental committees. Mr. Vagt’s professional background in both the public and private sectors makes him an important advisor and member of Equitrans Midstream’s Board. Mr. Vagt brings to the Board operations and management expertise in both the public and private sectors. In addition, Mr. Vagt provides the board with diversity of perspective gained from service as President of The Heinz Endowments, as well as from service as the president of Davidson College.

Vicky A. Bailey

Director

Ms. Bailey joined the Equitrans Midstream Board of Directors in November 2018 and currently serves as the chair of Equitrans Midstream’s Corporate Governance Committee and as a member of the Health, Safety, Security and Environmental Committee.  Ms. Bailey served as a director of EQT from June 2004 until the separation of EQT and Equitrans Midstream in November 2018. Ms. Bailey has served as president, Anderson Stratton International, LLC (a strategic consulting and government relations), since November 2005; and Vice President, BHMM Energy Services, LLC (utility and facilities management services), since January 2006. Ms. Bailey has been a director of Cheniere Energy, Inc. (an energy company primarily engaged in liquefied natural gas related businesses), since March 2006; and a director of PNM Resources, Inc. (PNM Resources) (an investor owned holding company with two regulated utilities providing electricity and electric services in New Mexico and Texas), since January 2019. She was a director of Cleco Corporation (an energy services company with regulated utility and wholesale energy businesses) from June 2013 through March 2016.

Ms. Bailey has substantial regulatory and senior management experience in the energy industry, having previously served as a commissioner of the Federal Energy Regulatory Commission, President of PSI Energy, Inc. (a regulated utility) and commissioner of the Indiana Utility Regulatory Commission. These experiences enable her to provide valuable insights into issues facing Equitrans Midstream’s regulated transmission business, particularly with respect to interacting with regulatory agencies. In addition, Ms. Bailey provides leadership to Equitrans Midstream’s Board with respect to energy policy issues, owing to her previous experience as assistant secretary for the Office of Policy and International Affairs at the Department of Energy. Ms. Bailey also draws upon public company board experience in supporting the company’s strategic efforts.

Sarah M. Barpoulis

Director

Ms. Barpoulis joined the Equitrans Midstream Board of Directors in February 2020 and currently serves as a member of Equitrans Midstream’s Corporate Governance Committee and the Health, Safety, Security and Environmental Committee. She is the founder and president of Interim Energy Solutions, LLC, an advisory service firm providing asset management and risk management consulting, as well as litigation support services to the energy sector since 2003. She has served as a director of South Jersey Industries, Inc. (a publicly traded energy services holding company) since April 2012 and currently serves as a member of the Audit Committee (serving as Chair since 2017), the Executive Committee, the Strategy and Finance Committee and the Compensation Committee of SJI. Ms. Barpoulis previously served as a director of SemGroup Corporation (a publicly traded provider of gathering, transmission, storage, distribution, marketing and other midstream services) from October 2009 through the sale of SemGroup to Energy Transfer, LP in December 2019. 

Ms. Barpoulis brings nearly 30 years of energy industry experience, significant executive-level leadership experience as well as valuable risk management, business planning and commercial expertise through her work as an energy advisor and consultant through Interim Energy Solutions, LLC and her varied roles of increasing responsibility over more than a decade with PG&E National Energy Group, a company that, among other things, developed, built, owned and operated electric generating and natural gas pipeline facilities. Ms. Barpoulis also brings significant public company board experience from her service on the boards of directors of a number of public companies. Ms. Barpoulis is a National Association of Corporate Directors Board Leadership Fellow, demonstrating her commitment to the highest standards of board leadership.  

Kenneth M. Burke

Director

Mr. Burke joined the Equitrans Midstream Board of Directors in October 2018 and currently serves as the chair of Equitrans Midstream’s Audit Committee and as a member of the Corporate Governance Committee. Mr. Burke served as a director of EQT from January 2012 until the separation of EQT and Equitrans Midstream in November 2018. He also was appointed to the boards of directors of EQM’s and EQGP’s respective general partners in September 2018, and served as a member of the audit committee of EQM’s general partner through Equitrans Midstream’s acquisition of 100% of the limited partner interests in EQM in June 2020, and chair of the audit committee of EQGP’s general partner through Equitrans Midstream’s acquisition of 100% of the limited partner interests in EQGP in January 2019. Mr. Burke was a partner at Ernst & Young LLP (EY) (a Big Four accounting firm) between October 1982 and June 2004. Mr. Burke served on the board of directors of Nexeo Solutions, Inc. (a publicly traded global chemical distributor) from November 2011 until its acquisition in March 2019.

Mr. Burke brings over three decades of experience focused on the energy industry, primarily oil and gas. Mr. Burke retired from EY in 2004, where he held a number of leadership positions, including National Energy Industry director and partner-in-charge of the Houston Energy Services Group. He also co-authored the book “Oil and Gas Limited Partnerships: Accounting, Reporting and Taxation.” During his years at EY, Mr. Burke served as audit partner for numerous companies in the oil and gas industry. Mr. Burke also has substantial experience as a director of both public and private companies where he has served on and chaired a number of committees.

Patricia K. Collawn

Director

Ms. Collawn joined the Equitrans Midstream Board of Directors in April 2020 and currently serves as a member of Equitrans Midstream’s Management Development and Compensation Committee and the Health, Safety, Security and Environmental Committee. Ms. Collawn has served as president and chief executive officer of PNM Resources since 2010. She has also served as a director of PNM Resources since 2010 and was appointed chairman of its board of directors in 2012. Ms. Collawn joined PNM Resources in 2007 and served as president and chief operating officer and president, Utilities of PNM Resources prior to her promotion to president and chief executive officer in 2010. In addition to serving on the board of directors of PNM Resources, Ms. Collawn has served as an independent director of CTS Corporation (a publicly traded designer and manufacturer of sensors, actuators and electronic components for various industries) since 2003. Ms. Collawn has indicated that she will step down from the board of directors of CTS Corporation as promptly as practicable in order to minimize disruption during the COVID-19 outbreak.

As a senior executive in the power utilities sector for more than 20 years, Ms. Collawn has an in-depth understanding of the complex regulatory structure of the utility industry, as well as substantial operations experience, having also served as president and chief executive officer of Public Service Company of Colorado, an Xcel Energy, Inc. subsidiary. Additionally, she is serving as chairman of the Electric Power Research Institute (an independent, non-profit center for public interest energy and environmental research, including sustainability and carbon reduction matters); and she previously served as the first female chairman of the board of directors of the Edison Electric Institute (a national association of investor-owned electric companies). Along with her executive leadership experience and a focus on corporate governance, cybersecurity, and environmental and sustainability matters, Ms. Collawn brings both commercial and operational expertise through her work in the public utility sector.

 

Margaret K. Dorman

Director

Ms. Dorman joined the Equitrans Midstream Board of Directors in November 2018 and currently serves as the chair of Equitrans Midstream’s Management Development and Compensation Committee and as a member of the Corporate Governance Committee. Ms. Dorman served as a director of EQT from January 2012 until the separation of EQT and Equitrans Midstream in November 2018. Ms. Dorman served as chief financial officer and treasurer of Smith International, Inc. (a publicly traded supplier of oil and gas products and services, now part of Schlumberger Limited), between May 1999 and October 2009. Ms. Dorman has served as a director and member of the audit committee and governance and nominating committee of Range Resources Corporation (a publicly traded petroleum and natural gas exploration and production company) since July 2019. Ms. Dorman has been a director of privately-held Rubicon Oilfield International (provider of oilfield products and technologies) since August 2018, where she serves as chair of the audit committee and a member of the compensation committee. 

Ms. Dorman brings to Equitrans Midstream a wealth of financial expertise and experience in the energy industry, having served in numerous financial positions with Smith International, Inc., including as the chief financial officer for more than a decade, during a period of expansive growth. Previously, Ms. Dorman held management positions with Landmark Graphics, prior to its acquisition by Halliburton Corporation, and EY. She has experience directing financial accounting functions, building banking relationships, structuring debt and equity financings, integrating acquisitions and interacting with shareholders as the lead investor relations executive. Ms. Dorman also has other board and audit committee experience, having served as a director of EQT as well as Hanover Compressor Company (a full service natural gas compression business) (now part of Exterran Holdings, Inc.), from February 2004 through the date of the Exterran Holdings merger in August 2007.

D. Mark Leland

Director

Mr. Leland joined the Equitrans Midstream Board of Directors in January 2020 and currently serves as a member of Equitrans Midstream’s Audit Committee and the Management Development and Compensation Committee. Previously, Mr. Leland served as interim chief executive officer of Deltic Timber Corporation (Deltic Timber) from October 2016 to March 2017, prior to its merger with Potlatch Corporation to form PotlatchDeltic Corporation (a publicly traded timberland real estate investment trust) (PotlatchDeltic) in February 2018. Mr. Leland has served as a director of PotlatchDeltic since February 2018 and Altus Midstream Company (and its predecessor) (a publicly traded midstream company providing gathering processing and transportation services in the Permian Basin) since April 2016. Previously, he served as a director and chair of the audit committee of Deltic Timber from June 2016 to February 2018 and the general partner of RMP from December 2014 until its merger with EQM in July 2018. Mr. Leland served on the board of directors of the general partner of Oiltanking Partners, L.P. (a publicly traded company providing terminaling, storage and transportation of crude oil, refined petroleum products and LPG) from June 2012 to February 2015 and on the board of directors of KiOR, Inc. (a publicly traded renewables fuel company) from June 2013 to March 2015.

Mr. Leland brings extensive operational and financial experience in the midstream energy industry, having served as president of El Paso Corporation’s (El Paso) midstream business unit from October 2009 to May 2012, and as director of El Paso Pipeline Partners, L.P. from its formation in 2007 to May 2012. Among other senior-level roles at El Paso, Mr. Leland also previously served as executive vice president and chief financial officer of El Paso from August 2005 to October 2009. This experience as well as experience on the boards of numerous publicly traded energy and private companies provide significant contributions to the board.

Norman J. Szydlowski

Director

Mr. Szydlowski joined the Equitrans Midstream Board of Directors in November 2018 and currently serves as the chair of Equitrans Midstream’s Health, Safety, Security and Environmental Committee and as a member of the Management Development and Compensation Committee. Mr. Szydlowski served as a director of EQT from November 2017 until the separation of EQT and Equitrans Midstream in November 2018. Mr. Szydlowski served as president and chief executive officer of SemGroup Corporation (SemGroup) (a publicly-traded midstream company that specializes in moving energy) from November 2009 through June 2014, and director of SemGroup from November 2009 through April 2014. Mr. Szydlowski served as a director of the general partner of 8point3 Energy Partners, LP (a publicly traded joint venture to own and operate solar generation assets) from June 2015 until its acquisition by Capital Dynamics, Inc. in June 2018. He also served as a director of the general partner of JP Energy Partners LP (a publicly-traded oil and natural gas company) from July 2014 through March 2017, a director of Transocean Partners, LLC (a publicly-traded offshore drilling contractor) from November 2014 through December 2016, and a director of the general partner of NGL Energy Partners LP (a publicly traded company specializing in transportation, storage, blending and marketing of crude oils, natural gas, refined products, renewables and water solutions) from November 2011 through April 2014.

Mr. Szydlowski’s experience at SemGroup and before that as chief executive officer of Colonial Pipeline Company (a refined pipeline system) and elsewhere provides him with significant executive and operational midstream experience. In particular, Mr. Szydlowski has a thorough understanding of the midstream business and midstream customers.