Targa Resources Corp. Elects New Board Member
HOUSTON, Feb. 26, 2013 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP)
("Targa" or the "Company") today announced the election of Ms. Laura C. Fulton
to its board of directors.
Ms. Fulton has served as the Chief Financial Officer of Hi-Crush Proppants LLC
since April 2012 and Hi-Crush GP LLC, the general partner of Hi-Crush Partners
LP, since May 2012. From March 2008 to October 2011, Ms. Fulton served as
Executive Vice President, Accounting and then Executive Vice President, Chief
Financial Officer of AEI Services, LLC, an owner and operator of essential
energy infrastructure assets in emerging markets. Prior to AEI, Ms. Fulton
spent 12 years with Lyondell Chemical Company in various capacities, including
as general auditor responsible for internal audit and the Sarbanes-Oxley
certification process, and as the assistant controller. Prior to that she
spent 11 years with Deloitte & Touche in public accounting, with a focus on
audit and assurance.
"Ms. Fulton's successful track record in the energy and chemical industries
enhances the knowledge of the board in these areas," said Joe Bob Perkins, CEO
of Targa. "Her extensive experience as a financial executive brings financial
and capital markets experience to the board. We are pleased to have Laura join
us and believe she will make a meaningful contribution to the Company."
About Targa Resources Corp.
Targa Resources Corp. is a publicly traded Delaware corporation that owns a 2%
general partner interest (which it holds through its 100% ownership interest
in the general partner of Targa Resources Partners LP (the "Partnership")),
all of the outstanding incentive distribution rights and a portion of the
outstanding limited partner interests in the Partnership.
Targa Resources Partners is a publicly traded Delaware limited partnership
formed in October 2006 by its parent, Targa Resources Corp. to own, operate,
acquire and develop a diversified portfolio of midstream energy assets. The
Partnership is a leading provider of midstream natural gas and natural gas
liquid ("NGL") services in the United States. In addition, the Partnership
provides crude oil gathering and crude oil and petroleum product terminaling
services. The Partnership is engaged in the business of gathering,
compressing, treating, processing and selling natural gas; storing,
fractionating, treating, transporting, terminaling and selling NGLs and NGL
products; gathering, storing, and terminaling crude oil; and storing and
terminaling petroleum products. The Partnership operates in two primary
divisions: Gathering and Processing, consisting of two reportable
segments—Field Gathering and Processing and Coastal Gathering and Processing;
and Logistics and Marketing, consisting of two reportable segments—Logistics
Assets and Marketing and Distribution.
The principal executive offices of Targa Resources Corp. are located at 1000
Louisiana, Suite 4300, Houston, TX 77002 and its telephone number is
713-584-1000. For more information please go to www.targaresources.com
CONTACT: Investor contact:
Senior Manager - Finance
Senior Vice President, Chief Financial Officer and Treasurer
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