Marathon Petroleum Management
Management criteria checks 3/4
Marathon Petroleum's CEO is Mike Hennigan, appointed in Mar 2020, has a tenure of 3.58 years. total yearly compensation is $21.29M, comprised of 7.9% salary and 92.1% bonuses, including company stock and options. directly owns 0.054% of the company’s shares, worth €30.87M. The average tenure of the management team and the board of directors is 3.6 years and 5.8 years respectively.
Key information
Mike Hennigan
Chief executive officer
US$21.3m
Total compensation
| CEO salary percentage | 7.9% |
| CEO tenure | 3.6yrs |
| CEO ownership | 0.05% |
| Management average tenure | 3.6yrs |
| Board average tenure | 5.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2023 | n/a | n/a | US$13b |
| Mar 31 2023 | n/a | n/a | US$16b |
| Dec 31 2022 | US$21m | US$2m | 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$21m | US$2m | US$1b |
| Sep 30 2021 | n/a | n/a | US$475m |
| Jun 30 2021 | n/a | n/a | -US$1b |
| Mar 31 2021 | n/a | n/a | -US$2b |
| Dec 31 2020 | US$16m | US$1m | -US$11b |
| Sep 30 2020 | n/a | n/a | -US$11b |
| Jun 30 2020 | n/a | n/a | -US$9b |
| Mar 31 2020 | n/a | n/a | -US$8b |
| Dec 31 2019 | US$8m | US$954k | US$2b |
Compensation vs Market: Mike's total compensation ($USD21.29M) is above average for companies of similar size in the German market ($USD4.53M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike Hennigan (64 yo)
3.6yrs
Tenure
US$21,288,532
Compensation
Mr. Michael J. Hennigan, also known as Mike, is Chairman of the Board of MPLX GP LLC, the General Partner of MPLX LP since April 29, 2020. Mr. Hennigan is Chief Executive Officer at MPLX GP LLC, the Genera...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.6yrs | US$21.29m | 0.054% € 30.9m | |
| Executive VP & CFO | 2.8yrs | US$7.72m | 0.022% € 12.8m | |
| Senior VP of Government Affairs & General Counsel | 7.6yrs | US$4.58m | 0.011% € 6.6m | |
| Executive Vice President of Refining | 1.1yrs | US$3.52m | 0.0052% € 3.0m | |
| Executive VP & COO of MPLX | no data | US$2.94m | 0.0073% € 4.2m | |
| Senior VP | 2.1yrs | no data | 0.0017% € 988.5k | |
| Vice President of Finance & Investor Relations | 5.5yrs | no data | no data | |
| VP, Chief Securities | 7.6yrs | no data | no data | |
| Senior VP of Communications & Chief Human Resources Officer | 5yrs | no data | no data | |
| Senior Vice President of Global Clean Products | 2.7yrs | no data | no data | |
| Senior Vice President of Health | 2.7yrs | no data | no data | |
| Senior Vice President of Global Feedstocks | 5yrs | no data | no data |
3.6yrs
Average Tenure
56.5yo
Average Age
Experienced Management: MPN's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.5yrs | US$21.29m | 0.054% € 30.9m | |
| Independent Director | 5.8yrs | US$350.00k | 0.0027% € 1.5m | |
| Independent Director | 8.1yrs | US$355.00k | 0.0016% € 942.7k | |
| Independent Director | 2.5yrs | US$534.59k | no data | |
| Independent Non Executive Chairman of the Board | 12.3yrs | US$730.00k | 0.0025% € 1.4m | |
| Independent Director | 3.8yrs | US$335.00k | no data | |
| Independent Director | 12.3yrs | US$345.00k | 0.0028% € 1.6m | |
| Independent Director | 5yrs | US$355.00k | 0.0016% € 914.2k | |
| Independent Director | 5yrs | US$325.00k | 0.0075% € 4.3m | |
| Independent Director | 7yrs | US$325.00k | no data | |
| Independent Director | 6.7yrs | US$531.25k | no data |
5.8yrs
Average Tenure
69yo
Average Age
Experienced Board: MPN's board of directors are considered experienced (5.8 years average tenure).