Matthew J. Meloy has been the CEO of Targa Resources Corp. since March 1, 2020, after previously serving as President. He has a long history with the company, having worked in various executive roles since 2006, including Chief Financial Officer....
Matthew J. Meloy has been the CEO of Targa Resources Corp. since March 1, 2020, after previously serving as President. He has a long history with the company, having worked in various executive roles since 2006, including Chief Financial Officer. His leadership style has focused on driving performance metrics like Adjusted EBITDA and Distributable Cash Flow, essential for the company's growth in the energy sector. Under his helm, Targa's total compensation in 2023 reached an impressive $143.2 million, which included a significant bonus reflecting performance goals. His insider trading actions show confidence in the company, peaking with stock holdings valued around $100 million as of September 2024, indicating his substantial stake in Targa's success. Meloy's experience spans structured finance at the Royal Bank of Scotland before joining Targa, highlighting his financial acumen. This blend of deep industry expertise and significant personal investment showcases his commitment to the company and its future.