Summary
MPLX LP announced a change to the General Partner's Board of Directors, effective January 19, 2026. Maria A. Khoury has been elected as a new director. Ms. Khoury's appointment is directly linked to her upcoming role as Executive Vice President and Chief Financial Officer at Marathon Petroleum Corporation (MPC), the General Partner's owner and a majority unitholder of MPLX. Her directorship is a management role stemming from her MPC position and she will not receive separate compensation for board service. This appointment coincides with the departure of John J. Quaid from the Board. The total number of directors on the Board will remain at ten. Investors should note that Ms. Khoury's background as CFO of MPC brings financial expertise to the Board, which could influence strategic decisions related to MPLX's operations and capital allocation, particularly given MPC's significant ownership stake.
Key Highlights
- 1MPLX LP's General Partner Board of Directors to add Maria A. Khoury, effective January 19, 2026.
- 2Ms. Khoury's appointment is tied to her new role as EVP and CFO of Marathon Petroleum Corporation (MPC).
- 3Ms. Khoury will serve as a management director due to her position at MPC.
- 4No separate compensation will be provided to Ms. Khoury for her board service.
- 5John J. Quaid will depart from the Board on the same effective date.
- 6The size of the Board of Directors will remain at ten members.
- 7No disclosable arrangements, understandings, family relationships, or direct/indirect interests exist for Ms. Khoury concerning her election.