01—Abstract
Summary
Summary of the 8-K filed August 6, 2025. Cited figures are marked; the original filing is the authoritative source.
Targa Resources Corp. (TRGP) announced a planned leadership transition within its Logistics and Transportation segment.
D. Scott Pryor, the current President of Logistics and Transportation, has informed the company of his intention to retire effective March 1, 2026. This departure is amicable and not due to any disagreements.
In preparation for Mr. Pryor's retirement, the Board of Directors has appointed Benjamin J. Branstetter to succeed him as President – Logistics and Transportation, also effective March 1, 2026.
Mr. Branstetter, currently serving as Senior Vice President – Downstream Commercial, brings a strong background in commercial and corporate development roles within Targa Resources and prior experience in investment banking. This appointment signifies a planned succession and an internal promotion for a seasoned executive.
02—Key points
Key Highlights
- President of Logistics and Transportation, D. Scott Pryor, to retire effective March 1, 2026.
- Retirement of Mr. Pryor is amicable and not a result of any company disagreements.
- Benjamin J. Branstetter appointed as the successor President – Logistics and Transportation, effective March 1, 2026.
- Mr. Branstetter will continue in his current role as Senior Vice President – Downstream Commercial until his new appointment.
- Mr. Branstetter has extensive experience within Targa Resources in commercial and corporate development.
- Prior to Targa, Mr. Branstetter held investment banking experience at Lazard, Inc.
- Mr. Branstetter will enter into the Company's standard form of director and officer indemnification agreement.
03—Questions
Frequently Asked Questions
When will D. Scott Pryor officially retire?
D. Scott Pryor is set to retire from his position as President – Logistics and Transportation on March 1, 2026.
Is Mr. Pryor's retirement due to any issues with the company?
No, the filing explicitly states that Mr. Pryor's retirement is not the result of any disagreement with Targa Resources Corp.
Who will replace Mr. Pryor, and when will they take over?
Benjamin J. Branstetter has been appointed to succeed Mr. Pryor as President – Logistics and Transportation, with his tenure beginning on March 1, 2026.
What is Benjamin J. Branstetter's current role and relevant experience?
Mr. Branstetter is currently the Senior Vice President – Downstream Commercial and has held various other commercial and corporate development roles within Targa Resources since 2017. He also has prior investment banking experience.
04—Continue