Toby Rice, President and CEO of EQT Corp. (Source: CERAWeek by S&P Global)
Appalachian gas giant EQT Corp. named a successor for outgoing CFO David Khani.
Jeremy Knop, who previously served as executive vice president of corporate development for EQT, will assume the role of CFO effective July 24, the company announced in a July 20 news release.
Since joining Pittsburgh-based EQT in 2021, Knop has overseen the company’s M&A strategy and transaction execution. He has worked closely with Khani on matters related to financial policy, capital allocation and hedging, the company said.
“Jeremy's strategic, value-oriented mindset and deep understanding of our business instills great confidence that he will continue to drive value creation, strengthen our balance sheet and ensure the realization of our long-term vision,” said Toby Rice, president and CEO of EQT.
Before joining EQT, Knop worked as a principal at The Blackstone Group focused on debt, mezzanine and private equity investment in the energy sector.
In February, EQT announced that it would be conducting a search to identify a successor for Khani. He joined as CFO at the natural gas E&P in January 2020 after previously serving as CFO of coal company CONSOL Energy, according to EQT regulatory filings.
On July 19, the EQT board of directors declared a quarterly cash dividend of $0.15 per share—in line with the company’s dividend last quarter. The current quarterly dividend is payable on Sept. 1 to shareholders of record as of Aug. 9, EQT said in a news release.
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