Summary
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.
Key Highlights
- 1President of Logistics and Transportation, D. Scott Pryor, to retire effective March 1, 2026.
- 2Retirement of Mr. Pryor is amicable and not a result of any company disagreements.
- 3Benjamin J. Branstetter appointed as the successor President – Logistics and Transportation, effective March 1, 2026.
- 4Mr. Branstetter will continue in his current role as Senior Vice President – Downstream Commercial until his new appointment.
- 5Mr. Branstetter has extensive experience within Targa Resources in commercial and corporate development.
- 6Prior to Targa, Mr. Branstetter held investment banking experience at Lazard, Inc.
- 7Mr. Branstetter will enter into the Company's standard form of director and officer indemnification agreement.