TARGA RESOURCES CORP. (NYSE:TRGP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February1, 2018, the board of directors (the “Board”) of Targa Resources Corp. (the “Company”) appointed Matthew J. Meloy, age 39, President of the Company, effective March1, 2018. Mr.Meloy has served as Executive Vice President and Chief Financial Officer of the Company since May 2015. Mr.Meloy previously served as Senior Vice President, Chief Financial Officer and Treasurer of the Company between October 2010 and May 2015. He also served as Vice President — Finance and Treasurer of the Company between April 2008 and October 2010, and as Director, Corporate Development of the Company between March 2006 and March 2008. Mr.Meloy was with The Royal Bank of Scotland in the structured finance group, focusing on the energy sector from October 2003 to March 2006, most recently serving as Assistant Vice President.
On February1, 2018, the Board appointed Patrick J. McDonie, age 57, President—Gathering and Processing of the Company, effective March1, 2018. Mr.McDonie has served as Executive Vice President – Southern Field Gathering and Processing of the Company since November12, 2015. Mr.McDonie previously served as President of Atlas Pipeline Partners GP LLC (“Atlas”), which was acquired by Targa Resources Partners LP (the “Partnership”), a subsidiary of the Company, on February28, 2015, between October 2013 and February 2015. He also served as Chief Operating Officer of Atlas between July 2012 and October 2013 and as Senior Vice President of Atlas between July 2012 and October 2013. He served as President of ONEOK Energy Services Company, a natural gas transportation, storage, supplier and marketing company, between May 2008 and July 2012.
On February1, 2018, the Board appointed D. Scott Pryor, age 55, President – Logistics and Marketing of the Company, effective March1, 2018. Mr.Pryor has served as Executive Vice President – Logistics and Marketing of the Company since November12, 2015. Mr.Pryor previously served as Senior Vice President – NGL Logistics& Marketing of Targa Resources Operating LLC (“Targa Operating”), a subsidiary of the Partnership, and various other subsidiaries of the Partnership between June 2014 and November 2015. He also served as Vice President of Targa Operating between July 2011 and May 2014 and has held officer positions with other Partnership subsidiaries since 2005.
On February1, 2018, the Board appointed Robert M. Muraro, age 41, Chief Commercial Officer of the Company, effective March1, 2018. Mr.Muraro has served as Executive Vice President—Commercial of the Company since February22, 2017. Mr.Muraro previously served as Senior Vice President – Commercial and Business Development of Targa Midstream Services LLC, a subsidiary of the Partnership, and various other subsidiaries of the Partnership between March 2016 and February 2017. He also served as Vice President – Commercial Development of various subsidiaries of the Partnership between January 2013 and March 2016. He held the position of Director of Business Development between August 2004 and January 2013.
On February1, 2018, the Board appointed Jennifer R. Kneale, age 39, Chief Financial Officer of the Company, effective March1, 2018. Ms.Kneale has served as Vice President—Finance of the Company since December16, 2015. She previously served as Senior Director, Finance between March 2015 and December 2015. She also served as Director, Finance between May 2013 and February 2015. Ms.Kneale was with Tudor, Pickering, Holt& Co. in its energy private equity group, TPH Partners, from September 2011 to May 2013, most recently serving as Director of Investor Relations. Ms.Kneale will replace Mr.Meloy as Chief Financial Officer of the Company on the effective date of her appointment.
About TARGA RESOURCES CORP. (NYSE:TRGP)
Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP (the Partnership), is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States. The Partnership is engaged in the business of gathering, compressing, treating, processing and selling natural gas and storing, fractionating, treating, transporting, terminaling and selling NGLs, NGL products, and gathering, storing and terminaling crude oil and refined petroleum products. The Partnership operates in two divisions: Gathering and Processing, and Logistics and Marketing. The Gathering and Processing division consists of two segments: Field Gathering and Processing, and Coastal Gathering and Processing. The Logistics and Marketing division consists of two segments: Logistics Assets, and Marketing and Distribution.
