8-K filed May 13, 2024, 7:59 PM ET ticker MPC CIK 0001510295

leadership confidence high sentiment positive materiality 0.90

Marathon Petroleum appoints Maryann Mannen as CEO, effective Aug 1, 2024

Marathon Petroleum Corp

Maryann Mannen, current President, becomes CEO and joins the Board on August 1, 2024, succeeding Michael Hennigan.
Michael Hennigan transitions from CEO to Executive Chairman; Board waives mandatory retirement policy for him.
John Surma elected Lead Director; Board expands to 14 members with Mannen's election to the Board.
Mannen's 2024 target LTI award is $5,000,000 with base salary $1,050,000; Hennigan's target LTI was $14,800,000.

item 5.02 item 8.01 item 9.01

Executive movements

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Role change

John P. Surma

Lead Director

MPC · Marathon Petroleum Corp

Effective: 2024-08-01
Filed: May 13, 2024, 7:59 PM ET

current Chairman of the Board John P. Surma has been elected Lead Director.

Appointed

Maryann T. Mannen

President and Chief Executive Officer of MPLX

MPC · Marathon Petroleum Corp

Effective: 2024-08-01
Filed: May 13, 2024, 7:59 PM ET

effective August 1, 2024, has been appointed as the President and Chief Executive Officer of MPLX.

Appointed

Maryann T. Mannen

Director

MPC · Marathon Petroleum Corp

Effective: 2024-08-01
Filed: May 13, 2024, 7:59 PM ET

the Board increased the size of the Board to fourteen members and elected Ms. Mannen as a director of the Company, with such increase and election effective August 1, 2024.

Appointed

Maryann T. Mannen

Chief Executive Officer

MPC · Marathon Petroleum Corp

Effective: 2024-08-01
Filed: May 13, 2024, 7:59 PM ET

On May 11, 2024, the board of directors (the “Board”) of Marathon Petroleum Corporation (the “Company”) appointed Maryann T. Mannen as Chief Executive Officer of the Company, effective August 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

John P. Surma was elected as Lead Director at Marathon Petroleum Corp.

Action: elected
Role: Lead Director

Exact text from the filing

current Chairman of the Board John P. Surma has been elected Lead Director.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Maryann T. Mannen was appointed as President and Chief Executive Officer of MPLX at Marathon Petroleum Corp.

Action: appointed
Role: President and Chief Executive Officer of MPLX

Exact text from the filing

effective August 1, 2024, has been appointed as the President and Chief Executive Officer of MPLX.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Maryann T. Mannen was elected as Director at Marathon Petroleum Corp.

Action: elected
Role: Director

Exact text from the filing

the Board increased the size of the Board to fourteen members and elected Ms. Mannen as a director of the Company, with such increase and election effective August 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Maryann T. Mannen was appointed as Chief Executive Officer at Marathon Petroleum Corp.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On May 11, 2024, the board of directors (the “Board”) of Marathon Petroleum Corporation (the “Company”) appointed Maryann T. Mannen as Chief Executive Officer of the Company, effective August 1, 2024.

View on SEC.gov

Marathon Petroleum Corp filing history →

Source: SEC EDGAR

accession 0001510295-24-000052

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