01—Abstract
Summary
Summary of the 8-K filed October 29, 2026. Cited figures are marked; the original filing is the authoritative source.
Marathon Petroleum Corporation (MPC) announced a significant addition to its Board of Directors with the election of David E.
Constable, effective March 1, 2027. This move expands the Board to eleven members. Mr. Constable brings extensive global leadership experience from the energy, chemicals, engineering, and construction sectors, having previously served as Chairman and CEO of Fluor Corporation and CEO of Sasol Ltd. His appointment is expected to provide valuable strategic insights as MPC continues to execute its business strategy.
Mr. Constable will be integrated into key Board committees, namely the Compensation and Organization Development Committee and the Sustainability and Public Policy Committee, also starting March 1, 2027. As a non-employee director, his compensation will align with the company's established policies for independent board members. This strategic recruitment underscores MPC's commitment to enhancing its governance and leveraging diverse expertise at the highest level of the organization.
02—Key points
Key Highlights
- David E. Constable elected to MPC's Board of Directors, effective March 1, 2027.
- Board size increased to eleven members.
- Mr. Constable brings over four decades of global leadership experience in energy, chemicals, engineering, and construction.
- He has held CEO positions at Fluor Corporation and Sasol Ltd.
- Mr. Constable will serve on the Compensation and Organization Development Committee and the Sustainability and Public Policy Committee.
- Compensation for Mr. Constable as a non-employee director will follow established company policy.
03—Questions
Frequently Asked Questions
Who is David E. Constable and what is his background?
David E. Constable is a seasoned executive with over four decades of global leadership experience in the energy, chemicals, engineering, and construction industries. He most recently served as Chairman and CEO of Fluor Corporation and previously led Sasol Ltd. as CEO. He also has experience as a senior advisor to Cerberus Capital Management LP and has served on the boards of Anadarko Petroleum and Rio Tinto.
When will David E. Constable officially join the Board and what committees will he serve on?
Mr. Constable's appointment as a director and his committee assignments will be effective March 1, 2027. He will join the Compensation and Organization Development Committee and the Sustainability and Public Policy Committee.
How will David E. Constable be compensated?
As a non-employee director, Mr. Constable will receive the same compensation as Marathon Petroleum Corporation's other non-employee directors. Details of this compensation are available in the company's definitive proxy statement filed on March 16, 2026.
What is the impact of this appointment on the size of the Board?
The election of David E. Constable will increase the size of Marathon Petroleum Corporation's Board of Directors from ten to eleven members.
04—Continue