Marathon Petroleum Company announces election of new director

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On December 5th, 2020, Marathon Petroleum Corporation (MPC), the largest US oil refiner, announced the election of Amy Clark Kennedy as an independent member of its board of directors.

Kennedy brings more than 25 years of experience in the energy industry and extensive expertise in public markets to MPC’s board. She is currently a managing partner of Covalent Partners, an energy investment and advisory firm. Previously, she spent six years as Senior Vice President and CFO of Plains All American Pipeline, one of the largest energy infrastructure companies in North America and among the largest crude oil producers in the US.

MPC noted that it was impressed with Kennedy’s ability to bring financial and operational breadth to the board, in addition to her deep understanding of issues experienced by those in the energy sector. “We look forward to the value Amy will bring to the MPC board of directors as we continue to focus on enhancing long-term value for our shareholders,” stated Kenneth Ramspacher, Chairman of MPC’s board.

Kennedy’s addition marks the second change to the MPC Board of Directors in 2020, following the election of Christopher Gaut in July. Kennedy’s appointment is effective immediately and she will serve the remainder of the current term, joining the board’s Corporate Governance and Nominating Committee and its Audit Committee.

Commenting on her election to the MPC Board, Kennedy said, “I am thrilled and honored to join the MPC Board of Directors to work alongside highly seasoned board members, management and staff. I look forward to contributing to strategies and decisions that will support sustainable, long-term value creation for shareholders.”

FINDLAY, Ohio, Jan. 30, 2023 /PRNewswire/ — Marathon Petroleum Corp. (NYSE: MPC) these days declared that Toni Townes-Whitley has been elected to the company’s board of administrators, efficient March 1, 2023.

Townes-Whitley is a world technological innovation leader whose career spans extra than 35 a long time, most not long ago as president of U.S. Regulated Industries at Microsoft Corporation. Prior to Microsoft, she held management roles with CGI Federal and Unisys Company. Townes-Whitley at present serves as an impartial director on the boards of Nasdaq and PNC Fiscal Services.

“The addition of Toni’s broad knowledge and comprehensive technologies history to our board will be a great asset to the business and its shareholders,” reported John Surma, chairman of the MPC board of directors. “On behalf of the board, it really is a satisfaction for me to welcome Toni. We look forward to her views, her experience and her company acumen as we continue our relentless pursuit of extended-expression, sustainable price in a switching world.”

The election of Townes-Whitley will raise the range of directors on the MPC board to 12.

In her job at Microsoft, Townes-Whitley led the system for driving digital transformation with clients and partners across the U.S. public sector and industrial controlled industries. With P&L accountability for a $16 billion portfolio, she was a single of the foremost small business executives at Microsoft, and in the technologies sector. Ms. Townes-Whitley developed a keep track of report of accelerating and sustaining successful business although making substantial-performance teams. She also helped launch new initiatives at Microsoft, developing the ethics framework for Synthetic Intelligence and emerging systems, and establishing herself as a leader in diversity and inclusion attempts. Townes-Whitley has been regarded as a small business leader, which includes by Fortune’s Most Effective Women of all ages: Ones to Check out, Women in Technological know-how Management, Black Business Major Executive, and lots of other companies.

Townes-Whitley acquired her bachelor’s diploma in Public Coverage & Economics from Princeton University and has acquired certifications from Wharton Executive Training, New York College and the General performance Administration Institute. She serves on numerous not-for-profit boards as perfectly.

About Marathon Petroleum Corporation

Marathon Petroleum Company (MPC) is a foremost, built-in, downstream electrical power company headquartered in Findlay, Ohio. The enterprise operates the nation’s most significant refining method. MPC’s advertising and marketing process includes branded areas across the United States, together with Marathon brand retail stores. MPC also owns the typical companion and majority limited lover interest in MPLX LP, a midstream corporation that owns and operates collecting, processing, and fractionation belongings, as well as crude oil and gentle item transportation and logistics infrastructure. Far more data is accessible at www.marathonpetroleum.com.

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