Marathon Petroleum Corporation announces election of new director
(Thomson Reuters ONE) -
FINDLAY, Ohio, Jan. 27, 2017 - Marathon Petroleum Corporation (NYSE: MPC) today
announced that J. Mike Stice has been elected to the company's board of
directors, to be effective Feb. 22, 2017.
Stice joins the MPC board with a career that spans more than 35 years in the
upstream and midstream gas businesses, including as chief executive officer of
Access Midstream Partners L.P., where he led one of the largest publicly traded
gathering and processing master limited partnerships (MLPs).
Stice began his career in 1981 with Conoco, working in a variety of positions of
increasing responsibility. He was named president of ConocoPhillips Qatar in
2006. In 2008, he was named president and chief operating officer of Chesapeake
Midstream Development, L.P., a wholly owned subsidiary of Chesapeake Energy
Corporation (NYSE: CHK), and senior vice president of natural gas projects for
Chesapeake. In 2009, he was named chief executive officer of Chesapeake
Midstream Partners, L.P. Stice was designated a director of Chesapeake Midstream
Partners, which changed its name to Access Midstream in 2012. Stice continued as
chief executive officer until his retirement in 2014, and remained on the board
of directors until 2015.
Currently, Stice serves as Dean of the Mewbourne College of Earth & Energy at
the University of Oklahoma, a position he assumed in August 2015. He is a member
of the board of directors at U.S. Silica Holdings, Inc. (NYSE: SLCA) and a
former director on the MarkWest Energy Partners, L.P. board.
"Mike's extensive experience with MLPs and prior experience on the MarkWest
Energy board make him uniquely qualified to serve on our board as MPLX, our own
MLP, is poised for future growth," said Gary R. Heminger, chairman, president
and chief executive officer of MPC. "MPC and its shareholders will be well-
served by his broad experience in both the upstream and midstream gas
businesses. On behalf of the board, it's a pleasure to welcome Mike to our ranks
as we chart MPC's strategic path." The election of Stice increases the size of
MPC's board to 12 directors.
Stice holds a bachelor's degree in chemical engineering from the University of
Oklahoma, a master's degree in business from Stanford University, and a
doctorate in education from The George Washington University.
###
About Marathon Petroleum Corporation
MPC is the nation's third-largest refiner, with a crude oil refining capacity of
approximately 1.8 million barrels per calendar day in its seven-refinery system.
Marathon brand gasoline is sold through approximately 5,500 independently owned
retail outlets across 19 states. In addition, Speedway LLC, an MPC subsidiary,
owns and operates the nation's second-largest convenience store chain, with
approximately 2,730 convenience stores in 21 states. MPC owns, leases or has
ownership interests in approximately 8,400 miles of crude and light product
pipelines and more than 5,600 miles of gas gathering and natural gas liquids
(NGL) pipelines. MPC also has ownership interests in 54 gas processing plants,
13 NGL fractionation facilities and two condensate stabilization facilities.
Through subsidiaries, MPC owns the general partner of MPLX LP, a midstream
master limited partnership. MPC's fully integrated system provides operational
flexibility to move crude oil, NGLs, feedstocks and petroleum-related products
efficiently through the company's distribution network and midstream service
businesses in the Midwest, Northeast, East Coast, Southeast and Gulf Coast
regions.
Investor Relations Contacts:
Lisa D. Wilson (419) 421-2071
Doug Wendt (419) 421-2423
Denice Myers (419) 421-2965
Media Contacts:
Chuck Rice (419) 421-2521
Jamal Kheiry (419) 421-3312
MPC announces election of new director:
http://hugin.info/147922/R/2074168/779736.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Marathon Petroleum Corporation via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 27.01.2017 - 22:35 Uhr
Sprache: Deutsch
News-ID 520491
Anzahl Zeichen: 4689
contact information:
Town:
Findlay, Ohio
Kategorie:
Business News
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