secwatch.observer — SEC 8-K summary
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Issuer:     Marathon Petroleum Corp (MPC)
CIK:        0001510295
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001510295-23-000080
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marathon Petroleum names Maryann Mannen President, John Quaid CFO effective Jan 1, 2024
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- Maryann T. Mannen promoted from EVP/CFO to President of MPC, effective Jan 1, 2024.
- Current CEO Michael J. Hennigan ceases as President but remains CEO and chairman of MPLX GP.
- John J. Quaid appointed EVP and CFO of MPC, succeeding Mannen, effective Jan 1, 2024.
- Mannen's annual base salary set at $1,000,000; Quaid's at $635,000, with bonus and LTI targets.
- C. Kristopher Hagedorn becomes EVP/CFO of MPLX, continues as MPC Sr. VP/Controller temporarily.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1510295/000151029523000080/0001510295-23-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1510295/000151029523000080/mpc-20231221.htm
  HTML page:      https://secwatch.observer/filing/0001510295-23-000080

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer