Posted 19 May, 2023
Marathon Petroleum Corp appointed new CEO
CEO Change detected for ticker NYSE:MPC in a 8-K filed on 19 May, 2023.
On May 15, 2023, Toni Townes-Whitley notified the Board of Directors (the "Board") of Marathon Petroleum Corporation (the "Company") of her decision to resign from the Board effective June 30, 2023 as a result of her recent appointment as chief executive officer of another company and in consideration of her additional time commitments associated with such position.
Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of Marathon Petroleum Corp
Companies on the Energy Service • Oil & Gas Products/Services
Marathon Petroleum Corp. is an independent company, which engages in the refining, marketing, and transportation of petroleum products in the United States. It operates through the following segments: Refining and Marketing, and Midstream. The Refining and Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals, and trucks that the company owns or operates. The Midstream segment transports, stores, distributes and markets crude oil and refined products principally for the Refining and Marketing segment via refining logistics assets, pipelines, terminals, towboats, and barges. It also gathers, processes, and transports natural gas, and gathers, transports, fractionates, stores, and markets NGLs. The company was founded in 1887 and is headquartered in Findlay, OH.Market Cap
$62.8B
View Company Details
$62.8B
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 15, 2023, Toni Townes-Whitley notified the Board of Directors (the "Board") of Marathon Petroleum Corporation (the "Company") of her decision to resign from the Board effective June 30, 2023 as a result of her recent appointment as chief executive officer of another company and in consideration of her additional time commitments associated with such position. Ms. Townes-Whitley's decision to resign from the Board was not the result of any disagreement with the Company, its management, the Board or any committees thereof on any matter relating to the Company's operations, policies or practices.
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