Summary
Marathon Petroleum Corporation (MPC) announced a key leadership change in its accounting department through an 8-K filing on January 9, 2024. Effective January 8, 2024, Erin M. Brzezinski has been appointed as Vice President and Controller, and will serve as the company's principal accounting officer. This appointment follows the transition of C. Kristopher Hagedorn, the former Senior Vice President and Controller, who has moved to an executive role within MPLX GP LLC, an indirect subsidiary of MPC. Ms. Brzezinski brings extensive experience to her new role, having most recently served as Assistant Controller, Technical Accounting, at MPC since August 2021. Her prior roles include positions at MPLX GP LLC and significant experience in assurance and audit services at PricewaterhouseCoopers LLP, as well as a previous role at Cooper Tire & Rubber Company. Her compensation structure remains consistent with her previous role, including base salary, annual cash bonus, and long-term incentive programs, with further details available in the company's 2023 Proxy Statement. This leadership change is a standard operational update with no immediate apparent financial impact beyond the intended roles.
Key Highlights
- 1Erin M. Brzezinski appointed Vice President and Controller, effective January 8, 2024.
- 2Ms. Brzezinski will also serve as Marathon Petroleum's principal accounting officer.
- 3This change follows the departure of C. Kristopher Hagedorn from the Controller role.
- 4Mr. Hagedorn has moved to an Executive Vice President and Chief Financial Officer position at MPLX GP LLC.
- 5Ms. Brzezinski has a strong background in accounting and financial reporting, including recent experience within MPC and its subsidiary MPLX.
- 6Her compensation and benefits are expected to remain consistent with existing company plans.