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.