Summary
Marathon Petroleum Corporation (MPC) announced significant executive leadership changes on June 20, 2019, effective July 1, 2019. The most notable change is the appointment of Timothy T. Griffith, previously Senior Vice President and Chief Financial Officer, to President of its Speedway LLC subsidiary. He succeeds Anthony R. Kenney, who will retire later this year after a transition period supporting Speedway and other strategic projects. This move will see Mr. Griffith step down as MPC's principal financial officer.
Key Highlights
- 1Timothy T. Griffith appointed President of Speedway LLC, succeeding Anthony R. Kenney.
- 2Anthony R. Kenney to retire later in 2019 after supporting the Speedway transition and strategic projects.
- 3Donald C. Templin appointed Executive Vice President and Chief Financial Officer of MPC.
- 4Mr. Templin will also serve as the principal financial officer of MPC, effective July 1, 2019.
- 5Griffith and Templin will receive compensation and benefits materially similar to those previously disclosed.
- 6Biographical information for both executives is incorporated by reference from prior SEC filings (2018 10-K and 2019 Proxy Statement).