Targa Resources elects new board chairman

Paul W. Chung retired from the Targa Resources Corp. management team and was appointed chairman of the board of directors. In addition, Joe Bob Perkins, previously executive chairman of the board of directors, retired from the management team and will continue to serve on the board of directors.

According to the company, the changes continue the succession contemplated and approved by the Nominating and Governance Committee of Targa’s board of directors.

From May 2004 to March 2020, Chung served as executive vice president, general counsel and secretary of the company and its predecessor entities and of Targa Resources Partners LP since its formation. Since March 2020, Chung served as executive vice president and senior legal adviser of the company.

From 1999 to May 2004, Chung served as executive vice president and general counsel of various Shell Oil Co. affiliates, including Coral Energy LLC and Shell Trading North America Co. In these positions, he was responsible for all legal and regulatory affairs. He served as vice president and assistant general counsel of Tejas Gas Corp. from 1996 to 1999. Prior to 1996, Chung held a number of legal positions with different companies, including the law firm of Vinson & Elkins LLP.

Chung’s knowledge of all facets of Targa, together with his broad experience in the energy industry, and specifically in the midstream sector, and his legal and regulatory background enable him to provide a valuable and distinct perspective to the board on a range of business and management matters, the company says.

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