Targa Resources Partners Elects New Board Member
HOUSTON, Feb. 7, 2013 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (NYSE:NGLS) ("Targa Resources Partners" or the "Partnership") today announced the election of Ms. Ruth I. Dreessen to the board of directors of its general partner, Targa Resources GP LLC.
Ms. Dreessen is a Managing Director of Lion Chemical Capital, LLC where she has been employed since October 2010. Ms. Dreessen is also a director of Gevo, Inc. and Versar, Inc. Ms. Dreessen served as the Executive Vice President and Chief Financial Officer of TPC Group, Inc. from November 2005 to May 2010. Before joining TPC Group, she served as Senior Vice President, Chief Financial Officer and Director of Westlake Chemical Corp. from 2003 to 2005. Ms. Dreessen spent 21 years at JP Morgan Securities and predecessor companies ultimately as a Managing Director of chemicals investment banking, focused on leveraged and private equity transactions in chemicals and related industries.
"Ms. Dreessen's successful track record in investment banking with a focus in the chemical industry enhances the knowledge of the board in these areas," said Joe Bob Perkins, CEO of the general partner of the Partnership. "Her extensive experience as a financial executive brings financial and capital markets experience to the board. We are pleased to have Ruth join us and believe she will make a meaningful contribution to the Partnership."
About Targa Resources Partners
Targa Resources Partners is a publicly traded Delaware limited partnership formed in October 2006 by our parent, Targa Resources Corp. to own, operate, acquire and develop a diversified portfolio of midstream energy assets. We are a leading provider of midstream natural gas and natural gas liquid ("NGL") services in the United States. In addition, we provide crude oil gathering and crude oil and petroleum product terminaling services. We are 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. We operate 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.
Targa Resources Partners' principal executive offices are located at 1000 Louisiana, Suite 4300, Houston, Texas 77002 and its telephone number is 713-584-1000.
CONTACT: Investor contact: 713-584-1133 Matthew Meloy Senior Vice President, Chief Financial Officer and Treasurer