Targa Resources Names New CFO and Promotes President of Logistics as Longtime Executive Retires

Targa Resources Corp. filed an 8-K detailing material executive leadership changes [1]. Effective September 1, 2026, the Board appointed Brent B. Secrest, age 53, as President – Logistics and Transportation, following his previous tenure holding other positions within the company [1]. Additionally, the company named Branstetter as CFO as Byers retires [1]. The transition includes a distinct executive compensation structure for the incoming CFO featuring a 4x salary incentive [1].

Executive transitions at the C-suite level are critical operational moments for energy infrastructure and midstream companies, where financial strategy and logistics execution directly impact capital allocation and distribution security. The appointment of Branstetter to CFO, paired with a 4x salary incentive, signals the company's active approach to retaining key executive talent during a generational handoff from retiring leadership like Byers [1]. Meanwhile, elevating Brent B. Secrest to President – Logistics and Transportation formalizes operational oversight over vital transport assets as the company navigates ongoing midstream sector demands [1].

For shareholders and market participants, leadership stability and continuity during executive retirements are paramount. The structured transition involving veteran executives and targeted incentive packages like the 4x salary incentive for the incoming CFO aims to align executive performance with corporate strategy [1]. Investors will monitor how the new finance and logistics leadership manages balance sheet discipline, capital expenditure programs, and asset utilization across Targa's footprint [1].

Executive turnover inherently carries operational and transitional risks, particularly when replacing long-serving executives such as the retiring Byers [1]. Any disruption in financial oversight, capital planning, or logistics management could influence investor sentiment. Additionally, executive incentive structures that heavily weight specific packages must be weighed against overall administrative cost efficiency and performance alignment [1].

• Targa Resources announced material executive leadership changes via an 8-K filing [1].
• Branstetter is stepping in as CFO, succeeding the retiring Byers, with a compensation package featuring a 4x salary incentive [1].
• Brent B. Secrest, age 53, was appointed President – Logistics and Transportation, effective September 1, 2026 [1].
• The leadership adjustments reflect a managed succession plan across key financial and operational segments of the business [1].

• Targa Resources Corp. [1]

### Who is the new CFO of Targa Resources? Branstetter has been named CFO of Targa Resources, succeeding the retiring Byers [1]. ### What incentive was given to the new CFO? The incoming CFO's appointment includes a 4x salary incentive structure [1]. ### Who was appointed President of Logistics and Transportation? Brent B. Secrest, age 53, was appointed President – Logistics and Transportation, effective September 1, 2026 [1]. ### When do these executive changes take effect? The executive appointments and leadership changes become effective on September 1, 2026 [1].