Targa Resources promotes CFO, appoints new one

Targa Resources Corp. has made several organizational changes, which were approved by its board of directors, effective July 22.

As part of Targa’s long-term development plans, Jennifer R. Kneale, current CFO, will become president – finance and administration. She will continue to report to Matthew J. Meloy, Targa’s CEO. William A. Byers will join Targa as CFO, reporting to Kneale. Byers previously served as CFO at Manchester Energy and executive vice president and CFO at Navitas Midstream Partners.

“Jen has been tremendously successful as Targa’s CFO for the past six years, and part of her continued development is increasing her role and broadening her responsibilities,” Meloy says. “I am excited to welcome Will to Targa as CFO, as his financial acumen, accomplishments in previous roles and deep understanding of the midstream industry will be additive to our organization.”

Byers brings more than 20 years of energy financing, M&A and management experience to Targa, including his leadership role at Navitas, the largest private gas gathering and processing company in the Midland Basin prior to its sale in early 2022.

Prior to Navitas, Byers was a managing director at Barclays and worked in investment banking for 14 years. He earned a Bachelor of Science in economics, a Bachelor of Arts in intellectual history and a Master of Business Administration from the University of Pennsylvania.

Targa is a provider of midstream services and one of the largest independent midstream infrastructure companies in North America. The company owns, operates, acquires and develops a portfolio of domestic midstream infrastructure assets, which connect natural gas and natural gas liquids (NGLs) to domestic and international markets. It is primarily engaged in the business of gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling NGLs and NGL products, including services to LPG exporters; and gathering, storing, terminaling, and purchasing and selling crude oil.

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