Targa Resources Announces Executive Leadership Changes, Appoints New CFO

Targa Resources Corp. has filed an 8-K announcing significant changes to its executive leadership team, effective September 1, 2026.

Key Personnel Changes:

• New CFO: Benjamin J. Branstetter, the company's current President – Logistics and Transportation, has been appointed to the role of Chief Financial Officer. This internal promotion signals confidence in his leadership and a clear succession plan. His new compensation includes a $600,000 base salary and a long-term incentive target of 400% of his salary.
• New President – Logistics and Transportation: Brent B. Secrest will fill the role vacated by Mr. Branstetter. Mr. Secrest is a notable external hire, bringing extensive experience from his most recent role as Executive Vice President and Chief Commercial Officer at Enterprise Products Holdings LLC.
• CFO Retirement: The current CFO, William A. Byers, announced his intent to retire. The transition appears well-managed, as Mr. Byers will remain with the company in a non-executive capacity until December 31, 2026, to ensure a smooth handover.

This strategic reshuffle strengthens Targa's leadership by promoting a key internal executive to the crucial CFO position while simultaneously bringing in seasoned external talent to lead its Logistics and Transportation division.