8-KLeadership Changes

Marathon Petroleum Corp 8-K Report, Executive Changes (Aug 5, 2014)

Filed August 5, 2014For Securities:MPC

Summary

Marathon Petroleum Corporation (MPC) announced a key leadership change effective October 1, 2014. John J. Quaid, currently serving as vice president and controller, has been appointed as the Company's principal accounting officer. This appointment follows the previously announced retirement of Michael G. Braddock, the current vice president and chief accounting officer. Mr. Quaid brings a comprehensive background in accounting and finance, with extensive experience gained from roles at PricewaterhouseCoopers, FastForward Inc., and United States Steel Corporation. His prior positions at MPC include vice president and controller, and before that, he held various senior finance and treasury roles at U.S. Steel, including international finance responsibilities. This transition indicates a focus on maintaining experienced financial leadership within the company.

Key Highlights

  • 1John J. Quaid appointed as Principal Accounting Officer, effective October 1, 2014.
  • 2Mr. Quaid will succeed Michael G. Braddock, who is retiring.
  • 3Mr. Quaid currently serves as Vice President and Controller of Marathon Petroleum Corporation.
  • 4Quaid's extensive financial background includes experience at PricewaterhouseCoopers and U.S. Steel.
  • 5Quaid has held various senior finance and treasury roles, demonstrating broad financial expertise.
  • 6The appointment reflects continuity in financial leadership within the company.

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