8-KLeadership ChangesOther EventsExhibits & Filings

Marathon Petroleum Corp 8-K Report, Executive Changes (Dec 18, 2025)

Filed December 18, 2025For Securities:MPC

Summary

Marathon Petroleum Corporation (MPC) has announced a significant leadership change with the appointment of Maria A. Khoury as its new Executive Vice President and Chief Financial Officer (CFO), effective January 19, 2026. Ms. Khoury brings a wealth of financial experience, including a recent role as Vice President, Group CFO Biotechnology, Life Sciences at Danaher Corporation, and prior executive finance positions within GE, including its Oil & Gas division. This appointment marks a strategic move to bring in seasoned financial leadership to guide MPC's financial operations. Investors should note the compensation package for Ms. Khoury, which includes a base salary of $800,000, a target annual bonus of 100% of base salary, and a target long-term incentive award of $2,400,000 for 2026. Additionally, she will receive a one-time restricted stock unit grant valued at $275,000, intended to compensate for forfeited equity at her previous employer. The filing also confirms that John J. Quaid will transition from his CFO role to a non-executive position, facilitating a smooth handover.

Key Highlights

  • 1Maria A. Khoury appointed as Executive Vice President and Chief Financial Officer, effective January 19, 2026.
  • 2Ms. Khoury has extensive financial leadership experience, including at Danaher Corporation and various roles within GE (including GE Oil & Gas).
  • 3Annual base salary for Ms. Khoury set at $800,000.
  • 4Target annual bonus opportunity is 100% of base salary.
  • 5Target long-term incentive award value for 2026 is $2,400,000.
  • 6A one-time restricted stock unit grant of $275,000 will be awarded to Ms. Khoury.
  • 7Current CFO, John J. Quaid, will transition to a non-executive role for a transition period.

Frequently Asked Questions

Maria A. Khoury has been appointed as the new Executive Vice President and Chief Financial Officer of Marathon Petroleum Corporation, effective January 19, 2026.

Ms. Khoury, 55, has a strong financial background, most recently serving as Vice President, Group CFO Biotechnology, Life Sciences for Danaher Corporation since 2021. Previously, she held significant finance leadership roles within GE, including CFO of GE's Oil Field Services division and various positions within GE Corporate and GE Capital Treasury.

Ms. Khoury's compensation includes an annual base salary of $800,000, a target bonus opportunity of 100% of her base salary, and a target long-term incentive award of $2,400,000 for 2026. She will also receive a one-time restricted stock unit grant valued at $275,000.

John J. Quaid will cease to serve as Executive Vice President and Chief Financial Officer on the Effective Date (January 19, 2026) but will continue with the Company in a non-executive officer role for a transition period.