Targa Resources Corp.
Targa Resources Appoints New Director, Ms. Caron A. Lawhorn
Summary
On March 11, 2024, Targa Resources Corp. announced the appointment of Ms. Caron A. Lawhorn to its Board of Directors as a Class III Director, effective immediately. Ms. Lawhorn will serve until the Company's 2025 annual meeting of stockholders and will also join the Board's Audit Committee. She will be compensated according to the Company's non-employee director policies, including a pro-rated restricted stock award. The Company also entered into an indemnification agreement with Ms. Lawhorn to protect her from personal liability arising from her service to the Company.
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About Targa Resources Corp.
Targa Resources Corp. is a prominent midstream energy company focused on the processing, storage, transportation, and marketing of natural gas and natural gas liquids (NGLs). It plays a vital role in the energy sector by facilitating the efficient flow of these critical resources from production sites to end users. Targa Resources Corp. provides a variety of essential services including gathering and processing, which involves collecting natural gas from wells, separating impurities, and preparing it for transport. Additionally, the company is involved in fractionation, which divides mixed NGLs into individual hydrocarbons such as propane, butane, and ethane. Targa's operations are key to energy infrastructure, supporting industries that rely on natural gas and NGLs for power generation, manufacturing, and heating. With a significant presence in major U.S. shale basins, Targa Resources Corp. contributes to the country's energy supply chain stability and efficiency, making it a strategic player in the integration and distribution of energy resources across multiple markets.
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