Toby Rice Wins Control of EQT After Proxy Battle -
"'Toby Rice has taken control of EQT Corp., nine months after launching a fast-moving campaign to replace the oil and gas company's leadership and less than two years after selling his company Rice Energy Corp. to EQT.'"
Why this is important: Toby Rice and his brother Daniel have won a proxy battle for EQT Corp., the largest natural gas producer in the United States. After a favorable board was installed, the Board voted to appoint Toby Rice as CEO, displacing Rob McNally who held the position for only six months. EQT previously purchased Rice Energy in 2017, but has floundered ever since. Dissident shareholders grew impatient with the previous management's turnaround plans...
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