Targa Resources adds ex-ConocoPhillips executive to its board

Targa Resources Corp. (NYSE: TRGP) appointed Thomas Mathiasmeier to its Board of Directors on July 16, 2026, according to a company statement.

Mathiasmeier was designated as a Class II Director, with a term expiring at the company's 2027 annual meeting of stockholders. He was also appointed to the Board's Audit Committee.

Mathiasmeier most recently served as President of Global Gas, Power & Emerging Markets at ConocoPhillips (NYSE: COP) before retiring in June 2026. During his career, he held leadership roles in natural gas marketing and trading, LNG, power, origination, midstream, and international commercial operations. He has also served on the boards of the Southern Gas Association and the Natural Gas Supply Association.

As a non-employee director, Mathiasmeier will receive compensation under the company's standard policies for non-employee directors. The Compensation Committee expects to grant him a pro-rated restricted stock award of 477 shares under the Amended and Restated Targa Resources Corp. 2010 Stock Incentive Plan.

The company also entered into an indemnification agreement with Mathiasmeier on the same date, requiring Targa Resources to indemnify him to the fullest extent permitted under Delaware law for liabilities arising from his service to the company.

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