As part of its ongoing executive succession process, Targa Resources Corp. has made several appointments to its executive leadership team, all effective Mar. 1.
Matthew J. Meloy, who has served as the company’s chief financial officer since December 2010, will take over as president and report directly to Joe Bob Perkins, Targa’s chief executive officer. Before joining Targa in March 2006, Meloy was with The Royal Bank of Scotland in the structured finance group, focusing on the energy sector.
Also reporting directly to Perkins will be Jennifer R. Kneale, newly appointed to chief financial officer. Currently serving as vice-president of finance, Kneale previously was a member of Tudor, Pickering, Holt, & Co.’s energy private-equity group, TPH Partners, before joining Targa in May 2013.
Patrick J. McDonie, Targa’s current executive vice-president for southern field gathering and processing, will assume the role as president for gathering-processing. He will be responsible for all of Targa’s gathering and processing businesses in the Permian, SCOOP/STACK, Bakken, Barnett, and Eagle Ford.
Joining Targa in 2015 as part of the company’s acquisition of Atlas Pipeline Partners LP and Atlas Energy LP, McDonie previously served as president, chief operating officer, and senior vice-president of Atlas as well as president of ONEOK Energy Services Co. between 2008-12.
Stepping up from his current role as divisional executive-vice president, D. Scott Pryor will assume the role of president for logistics and marketing, where he will be responsible for Targa’s downstream businesses including NGL logistics, fractionation, exports, gas and NGL marketing, and coastal straddles.
With Targa since its 2005 acquisition of Dynegy Midstream Services LP, Pryor has served as a vice-president and senior vice-president for Targa’s NGL logistics-marketing business.
As new chief commercial officer, Targa has appointed Robert M. Muraro, who will work across Targa’s existing and potential future business areas, leading major corporate, commercial, and business development efforts jointly with McDonie and Pryor.
With ABN Amro’s energy investment banking group before joining Targa in August 2004 as director of business development, Muraro currently serves as executive vice-president for commercial. He will report directly to Meloy.
McDonie, Pryor, and Muraro all will report to Meloy, as will Clark White, executive vice-president of engineering and operations.
