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EQT to shuffle leadership post-separation; Sempra names new operating group CEO


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EQT to shuffle leadership post-separation; Sempra names new operating group CEO

S&P Global Market Intelligence presents a weekly rundown of recent executive management, board and regulatory changes in the energy industry. The moves are listed by sector in reverse chronological order.


* Sempra Energy on Aug. 10 named Kevin Sagara as chairman and CEO of San Diego Gas & Electric Co., effective Aug. 25. Sagara has been with Sempra Energy for 22 years and is currently president of Sempra Renewables LLC, a position he has held since 2014.

* Consumers Energy named Roger Curtis as vice president of public affairs, effective Oct. 1.

* TerraForm Power Inc. named Michael Ragusa as chief accounting officer of the company, effective Aug. 1. Andrea Rocheleau also resigned as general counsel and secretary of the company and was succeeded by William Fyfe, effective the same date.

* Etienne Middleton resigned from the boards of directors of Puget Energy Inc. and wholly owned subsidiary Puget Sound Energy Inc., effective Aug. 2.

* Enel SpA announced Aug. 2 that Roberto Deambrogio has been named the group's head of communications, effective Oct. 1. Ryan O'Keeffe, who has been head of communications for the group since 2014, is leaving to take up another professional opportunity. Simone Mori will succeed Deambrogio as the company's head of the Europe and North Africa region and retain his current role as head of European affairs.

* Central Hudson Gas & Electric Corp. named Charles Freni as new president and CEO, effective Sept. 15. Freni will replace Michael Mosher, who was recently named president and CEO of FortisAlberta Inc., which like Central Hudson is a subsidiary of Fortis Inc.

Gas utility/midstream

* Marathon Petroleum Corp. on Aug. 10 announced that Senior Vice President of supply, distribution and planning C. Michael Palmer will retire Jan. 1, 2019. The oil refiner named Palmer executive vice president, and he will assist with the integration of Marathon and Andeavor upon the merger's closure, which is expected Oct. 1.

* Ecopetrol SA appointed Jaime Uribe as corporate vice president of finance, or CFO, effective Aug. 7.

* EQT Corp. appointed CFO Robert McNally as the company's next president and CEO, effective after the separation of its natural gas upstream and midstream businesses is complete. McNally will succeed interim president and CEO David Porges, who stepped in after the sudden resignation of former CEO Steven Schlotterbeck in March. Following the separation, Porges will step down from EQT's board and will become chairman of the board for the company's new midstream company, to be called Equitrans Midstream Corp. James Rohr, the board's lead independent director, will be named the chairman of EQT's board. Thomas Karam was appointed senior vice president and president of midstream, effective immediately. Karam also took on the roles of president and CEO of the general partners of EQT Midstream Partners LP and EQT GP Holdings LP, joining both partnerships' boards. Upon completion of the separation, Karam will become the president and CEO of Equitrans Midstream, as well as join its board of directors. As a result, Karam will resign from EQT's board.

* Richard Douglas resigned from Atmos Energy Corp.'s board of directors, effective Aug. 6, citing "personal reasons."

* Sempra Energy formed a new operating group for its North American infrastructure businesses encompassing its Mexican and LNG operations, named Sempra North American Infrastructure. Infraestructura Energetica Nova SAB de CV, or IEnova, Chairman and CEO Carlos Ruiz Sacristán was named chairman and CEO of the new group. Sacristán will retain his position of executive chairman at IEnova's board, while Tania Ortiz Mena will take over as CEO, replacing Sacristán, effective Sept. 1. Ortiz is also set to be nominated to become a member of IEnova's board.

Octávio Simões was named president and CEO of Sempra LNG & Midstream, a promotion from his current position as president. Simões will also retain his role as chairman of Cameron LNG. Other personnel appointments for Sempra North American Infrastructure include Justin Bird as chief development officer, Amy Chiu as chief asset management officer, and Kathryn Collier as CFO and chief administrative officer. The organizational changes are effective Aug. 25


* Cecil Roberts was re-elected to head the United Mine Workers of America for a sixth term, the labor union announced Aug. 8.

* Sheldon Lubar resigned from the board of Hallador Energy Co. on Aug. 4, to be replaced by his son, David Lubar. The board also voted to increase its size from five to six directors, effective Aug. 4, and appointed Charles Wesley IV to fill the new seat.