Marathon Petroleum Management
Management criteria checks 3/4
Marathon Petroleum's CEO is Maryann Mannen, appointed in Jan 2024, has a tenure of less than a year. total yearly compensation is $8.68M, comprised of 11.4% salary and 88.6% bonuses, including company stock and options. directly owns 0.027% of the company’s shares, worth €13.32M. The average tenure of the management team and the board of directors is 3.8 years and 6.5 years respectively.
Key information
Maryann Mannen
Chief executive officer
US$8.7m
Total compensation
| CEO salary percentage | 11.4% |
| CEO tenure | less than a year |
| CEO ownership | 0.03% |
| Management average tenure | 3.8yrs |
| Board average tenure | 6.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$5b |
| Jun 30 2024 | n/a | n/a | US$7b |
| Mar 31 2024 | n/a | n/a | US$8b |
| Dec 31 2023 | US$9m | US$988k | US$10b |
| Sep 30 2023 | n/a | n/a | US$11b |
| Jun 30 2023 | n/a | n/a | US$13b |
| Mar 31 2023 | n/a | n/a | US$16b |
| Dec 31 2022 | US$8m | US$944k | US$14b |
| Sep 30 2022 | n/a | n/a | US$12b |
| Jun 30 2022 | n/a | n/a | US$8b |
| Mar 31 2022 | n/a | n/a | US$3b |
| Dec 31 2021 | US$11m | US$833k | US$1b |
Compensation vs Market: Maryann's total compensation ($USD8.68M) is above average for companies of similar size in the Austrian market ($USD4.34M).
Compensation vs Earnings: Maryann's compensation has been consistent with company performance over the past year.
CEO
Maryann Mannen (61 yo)
less than a year
Tenure
US$8,683,978
Compensation
Ms. Maryann T. Mannen is a Director of MPLX GP LLC, the General Partner of MPLX LP since February 1, 2021 and serves as it's President and CEO of MPLX GP LLC, the General Partner of MPLX LP since August 01...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 4.6yrs | US$24.05m | 0.068% € 33.4m | |
| President | less than a year | US$8.68m | 0.027% € 13.3m | |
| Executive Vice President of Refining | 2.2yrs | US$5.27m | 0.0045% € 2.2m | |
| Executive VP & COO of MPLX | 3.8yrs | US$3.19m | 0.0093% € 4.5m | |
| Executive VP & CFO | less than a year | no data | 0.010% € 4.9m | |
| Vice President of Finance & Investor Relations | 6.6yrs | no data | no data | |
| Chief Legal Officer & Corporate Secretary | 8.7yrs | no data | 0.0084% € 4.1m | |
| Senior VP of Communications & Chief Human Resources Officer | 6.1yrs | no data | no data | |
| Chief Global Optimization Officer | 3.8yrs | no data | no data | |
| Senior Vice President of Health | 3.8yrs | no data | no data | |
| Chief Commercial Officer | 6.1yrs | no data | 0.0026% € 1.3m | |
| Chief Strategy Officer & Senior VP of Business Development | 3.8yrs | no data | no data |
3.8yrs
Average Tenure
57yo
Average Age
Experienced Management: MPC's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 4.6yrs | US$24.05m | 0.068% € 33.4m | |
| President | less than a year | US$8.68m | 0.027% € 13.3m | |
| Independent Director | 6.8yrs | US$350.00k | 0.0033% € 1.6m | |
| Independent Director | 9.2yrs | US$356.25k | 0.0021% € 1.0m | |
| Independent Director | 3.6yrs | US$541.25k | 0.0036% € 1.8m | |
| Independent Lead Director | 13.3yrs | US$756.25k | 0.0031% € 1.5m | |
| Independent Director | 4.9yrs | US$350.00k | 0.0040% € 1.9m | |
| Independent Director | 13.3yrs | US$346.25k | 0.0034% € 1.7m | |
| Independent Director | 6.1yrs | US$371.25k | 0.0020% € 992.9k | |
| Independent Director | 6.1yrs | US$340.00k | 0.0076% € 3.7m | |
| Independent Director | 8.1yrs | US$325.00k | 0.0069% € 3.4m | |
| Independent Director | 7.8yrs | US$546.25k | 0.0066% € 3.2m |
6.5yrs
Average Tenure
69.5yo
Average Age
Experienced Board: MPC's board of directors are considered experienced (6.5 years average tenure).