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EQT CEO resigns due to pay dispute; almost all of Manitoba Hydro's board quits


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EQT CEO resigns due to pay dispute; almost all of Manitoba Hydro's board quits

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.


* Almost all of the members of Manitoba Hydro's board quit March 21 amid friction between the electricity utility and Premier Brian Pallister over a proposed payment to a Metis group. Nine of the 10 members of the Manitoba Hydro-Electric Board announced their resignations in a March 21 statement. Only Cliff Graydon, a member of Pallister's ruling Progressive Conservative party, kept his seat on the board.

* Stephanie Hoff is set to assume the role of corporate communications director of Otter Tail Corp. and public relations director of Otter Tail Power Co. beginning April 15. For the past 11 years, Hoff has served primarily in the public relations area and as manager since 2013.

* Colorado Springs Utilities CEO Jerry Forte intends to retire at the end of May.

* Cindy Wiseman on March 21 was named Kentucky Power Co.'s new managing director for external affairs and customer service. Wiseman, an external affairs manager for Kentucky Power's sister company Appalachian Power Co., has been with American Electric Power Co. Inc. since 2008.

* Deborah Merril and James Lewis are stepping down as presidents and co-CEOs of Just Energy Group Inc. Patrick McCullough, currently CFO of the retail energy provider, will assume the president and CEO roles April 1. McCullough also will join the company's board of directors. Jim Brown, currently president of Just Energy's commercial business, will replace McCullough as CFO on April 1. Merril and Lewis will remain on Just Energy's board and also will provide advisory services to the company until Dec. 31.

* Old Dominion Electric Cooperative's Robert Kees announced his retirement as senior vice president and CFO of the cooperative, effective June 30.

* Jarl Young has joined Memphis Light Gas and Water Division as its president and CEO, effective March 19. He replaces Jerry Collins Jr., who retired Jan. 31.

Gas utility/midstream

* Mary Ralph Lowe on March 23 notified Range Resources Corp. that she will step down from the board at the 2018 annual meeting of shareholders. Additionally, Executive Vice President and CFO Roger Manny is set to retire May 16, with Mark Scucchi, vice president for finance and the company's treasurer, slated to succeed him.

* Deborah Adams was elected to Gulfport Energy Corp.'s board of directors and was appointed serve on its audit and compensation committees. Adams most recently was senior vice president of health and safety, projects and procurement for Phillips 66 prior to her appointment.

* EQT Midstream Partners LP's general partner EQT Midstream Services LLC named Jeremiah Ashcroft III president and CEO, following the sudden resignation of EQT Corp. CEO Steven Schlotterbeck for personal reasons. Ashcroft was also appointed president and CEO of EQT GP Holdings LP's general partner, EQT GP Services LLC, and Rice Midstream Partners LP's general partner, Rice Midstream Management LLC. Ashcroft's new positions are all effective March 14.

* C&J Energy Services Inc. on March 20 said CFO Mark Cashiola has resigned from his post, effective immediately. Mike Galvan, currently senior vice president and chief accounting officer, will assume the additional role of CFO on an interim basis until a replacement is appointed.

* Former EQT Corp. CEO Steven Schlotterbeck's abrupt resignation from the company that he made America's top natural gas producer was caused by a disagreement over the size of his paycheck. "The 'personal reasons' cited in the press release ... was just a plain vanilla disagreement between me and board on my value to the corporation," Schlotterbeck posted on his LinkedIn page March 16.

* Randall Wisenbaker on March 15 notified Quanta Services Inc. of his intent to retire from his role as executive vice president of operations. He will remain with the company through March 30.


* James Robb will take over as president and CEO of the North American Electric Reliability Corp. in April, NERC's board announced March 16. Robb, who is CEO of the Western Electricity Coordinating Council, will assume his new duties April 9. Robb will replace prior NERC CEO Gerry Cauley, who was placed on a leave of absence following a Nov. 10, 2017, arrest on a domestic violence charge. Cauley resigned from NERC later that month.