Form 8-K · Current Report · Filed 2024-06-25
Targa Resources Announces Key Executive Appointments
On June 24, 2024, Targa Resources Corp. announced the appointment of Jennifer R. Kneale as President – Finance and Administration, effective July 22, 2024. Simultaneously, William A. Byers was appointed as Chief Financial Officer, effective on the same date. Kneale, currently the CFO, will receive an increased annual base salary and a long-term incentive award. Byers, previously CFO at Manchester Energy, LLC, will receive a base salary, an annual cash incentive, and equity awards. Both executives will be subject to the Company's indemnification agreement.
- Filer
- Targa Resources Corp. TRGP · NYSE
- Filed
- Accession
- 0001193125-24-167143
- CIK
- 0001389170
- Signal
- High impactEnergy
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Financial Statements and Exhibits
Market reaction
Close before filing
$128.60
Next session
-0.9%
Since filing
+110.2%
Latest close
$270.37
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from TRGP reporting the same item, with the next session's move:
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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