Targa Resources said D. Scott Pryor informed the company on August 1, 2025 of his intent to retire from his position as President – Logistics and Transportation effective March 1, 2026. The company said his retirement is not the result of any disagreement with the company.

1. 01

   Targa Resources said D. Scott Pryor informed the company on August 1, 2025 of his intent to retire from his position as President – Logistics and Transportation effective March 1, 2026. The company said his retirement is not the result of any disagreement with the company.

2. 02

   The company said the Board of Directors appointed Benjamin J. Branstetter, age 40, as President – Logistics and Transportation, effective March 1, 2026. He will continue to serve as Senior Vice President – Downstream Commercial of various subsidiaries until August 4, 2025.

3. 03

   Targa Resources said Branstetter has served as Senior Vice President – Downstream Commercial for various subsidiaries of the company since March 2024. He previously served in various roles with the company's subsidiaries between April 2017 and September 2020, including as Director, Corporate Development, and prior to joining the company, he served in the investment banking group at Lazard, Inc.

4. 04

   Targa Resources said there are no understandings or arrangements between Branstetter and any other person pursuant to which he was selected to serve as President – Logistics and Transportation. The company said it will enter into its standard form of director and officer indemnification agreement with Branstetter, which requires the company to indemnify him to the fullest extent permitted under Delaware law against liability arising from his service to the company and to advance expenses incurred as a result of any proceeding against him as to which he could be indemnified.

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