EQT Names New CFO

EQT Names New CFO
Pittsburgh-based gas producer names former CONSOL exec to top finance post.

EQT Corp. reported Friday that its board of directors has appointed David Khani chief financial officer of the Appalachian Basin-focused natural gas production company.

Khani assumed his new role effective Jan. 3, 2020, and replaces interim CFO Kyle Derham, EQT noted in a written statement. The company added that Derham will remain with EQT in an executive advisory capacity to aid in the transition and to help executed the firm’s strategic initiatives before returning to his partner role at Rice Investment Group.

“David is an ideal leader for our organization, brining a unique combination of Appalachian E&P leadership, financial and capital markets acumen and experience in dynamic organizational transformation,” commented Toby Z. Rice, president and CEO of Pittsburgh-based EQT. “I look forward to working with David to realize the full potential of EQT’s asset base.”

Before joining EQT, Khani served in executive roles at CONSOL Energy Inc. beginning in 2011. Most recently, he served as CONSOL’s executive vice president and CFO. EQT added that Khani’s professional experience includes nearly two decades covering energy and natural resources companies for several investment banks.

“I am thrilled to join EQT during this exciting and transformational time,” remarked Khani, a chartered financial analyst who holds a bachelor’s degree in biology from Binghamton University and a master’s degree in business administration from the University of Rochester. “The company has made significant progress over the last six months and I look forward to building on that momentum to deliver sustainable shareholder value.”

EQT experienced dramatic changes in 2019, including shifts in the board makeup and corporate management following a shareholder proxy fight as well as a major workforce reduction.

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