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Joe Bob Perkins has served as Chief Executive Officer and a director of the Company and the General Partner since January 2012. Effective March 1, 2020, Mr. Perkins will be become Executive Chairman of the Board of the Company and the General Partner and will resign from his position as Chief Executive Officer. He previously served as President of the Company between the date of its formation on October 2005 and December 2011. Prior to 2005, Mr. Perkins served predecessor Targa companies as President since their founding in 2003. Prior to that, Mr. Perkins served in various leadership roles within the energy industry across several different companies, had employment experience with companies operating in both the midstream and upstream sectors, and was a management consultant with McKinsey & Company working primarily in energy. Mr. Perkins’ intimate knowledge of all facets of the Company, derived from his past services as President, Chief Executive Officer and director, coupled with his broad experience in the energy industry, and specifically in the midstream sector, his engineering and business educational background and his experience with the investment community enable Mr. Perkins to provide a valuable and unique perspective to the board on a range of business and management matters.

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