Targa Resources Corp. Announces the Appointment of Joel Thomas to Senior Vice President - Finance and Treasurer

Rhea-AI Summary

Targa Resources Corp. (NYSE: TRGP) announced the appointment of Joel Thomas as Senior Vice President - Finance and Treasurer effective April 13, 2023. Joel, who joined Targa in 2012, held multiple roles and was most recently Vice President of Corporate and Commercial Development. His previous experience includes work at Wells Fargo Securities in energy investment banking. Targa, a leading provider of midstream services and a FORTUNE 500 company included in the S&P 500, is vital for the delivery of energy across the U.S. and beyond, managing a diversified portfolio of midstream infrastructure assets. The company’s operations cover the full spectrum of natural gas and NGL services, contributing significantly to the energy market.

Positive

• Joel Thomas's appointment brings extensive experience in corporate development, potentially enhancing strategic initiatives.
• Continuity in leadership as Joel has been with Targa since 2012 and has held various key positions.

Negative

• Transition in leadership can create uncertainty among investors regarding continuity and strategic direction.

HOUSTON, April 17, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that Joel Thomas has been appointed Senior Vice President - Finance and Treasurer of the Company effective April 13, 2023.

Joel joined Targa in 2012 where he served as Associate of Corporate Development and after increasing responsibilities through his time at Targa, was most recently Vice President of Corporate and Commercial Development. Prior to joining Targa, he was with Wells Fargo Securities, in their energy investment banking group. He holds a Bachelor of Business Administration in Business Honors and Finance from The University of Texas at Austin.

About Targa Resources Corp.

Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream infrastructure companies in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic midstream infrastructure assets and its operations are critical to the efficient, safe and reliable delivery of energy across the United States and increasingly to the world. The Company’s assets connect natural gas and NGLs to domestic and international markets with growing demand for cleaner fuels and feedstocks. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling NGLs and NGL products, including services to LPG exporters; and gathering, storing, terminaling, and purchasing and selling crude oil.

Targa is a FORTUNE 500 company and is included in the S&P 500.

For more information, please visit the Company’s website at www.targaresources.com.

Forward-Looking Statements

Certain statements in this release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future, are forward-looking statements. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside the Company’s control, which could cause results to differ materially from those expected by management of the Company. Such risks and uncertainties include, but are not limited to, weather, political, economic and market conditions, including a decline in the price and market demand for natural gas, natural gas liquids and crude oil, the impact of pandemics or any other public health crises, commodity price volatility due to ongoing or new global conflicts, actions by the Organization of the Petroleum Exporting Countries (“OPEC”) and non-OPEC oil producing countries, the timing and success of business development efforts, and other uncertainties. These and other applicable uncertainties, factors and risks are described more fully in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, and any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company does not undertake an obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Contact the Company's investor relations department by email at InvestorRelations@targaresources.com or by phone at (713) 584-1133.

Sanjay Lad
Vice President, Finance & Investor Relations

Jennifer Kneale
Chief Financial Officer

FAQ

Who is the new Senior Vice President of Finance and Treasurer at Targa Resources Corp. as of April 2023?

Joel Thomas was appointed Senior Vice President - Finance and Treasurer effective April 13, 2023.

What was Joel Thomas's role before becoming Senior Vice President of Finance at Targa?

Joel Thomas served as Vice President of Corporate and Commercial Development prior to his new appointment.

What is Targa Resources Corp. known for in the energy sector?

Targa Resources Corp. is a leading provider of midstream services and one of the largest independent midstream infrastructure companies in North America.

How long has Joel Thomas been with Targa Resources Corp.?

Joel Thomas has been with Targa since 2012.

What are the potential impacts of Joel Thomas's appointment on Targa Resources Corp.?

His extensive experience may enhance strategic initiatives, though there may be some investor concerns regarding continuity.