Marathon Petroleum Management
Management criteria checks 3/4
Marathon Petroleum's CEO is Mike Hennigan, appointed in Mar 2020, has a tenure of 4.08 years. total yearly compensation is $24.05M, comprised of 7.2% salary and 92.8% bonuses, including company stock and options. directly owns 0.061% of the company’s shares, worth €40.66M. The average tenure of the management team and the board of directors is 3.2 years and 5.9 years respectively.
Key information
Mike Hennigan
Chief executive officer
US$24.1m
Total compensation
CEO salary percentage | 7.2% |
CEO tenure | 4.1yrs |
CEO ownership | 0.06% |
Management average tenure | 3.2yrs |
Board average tenure | 5.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
Date | Total Compensation | Salary | Company Earnings |
---|---|---|---|
Dec 31 2023 | US$24m | US$2m | 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$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$2b |
Compensation vs Market: Mike's total compensation ($USD24.05M) is above average for companies of similar size in the German market ($USD5.66M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike Hennigan (64 yo)
4.1yrs
Tenure
US$24,054,492
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 |
---|---|---|---|---|
CEO & Director | 4.1yrs | US$24.05m | 0.061% $ 40.7m | |
President | less than a year | US$8.68m | 0.022% $ 14.9m | |
Executive Vice President of Refining | 1.6yrs | US$5.27m | 0.0040% $ 2.7m | |
Executive VP & COO of MPLX | 3.2yrs | US$3.19m | 0.0083% $ 5.5m | |
Executive VP & CFO | less than a year | no data | 0.0090% $ 6.0m | |
Vice President of Finance & Investor Relations | 6yrs | no data | no data | |
Chief Legal Officer & Corporate Secretary | 8.1yrs | no data | 0.0075% $ 5.0m | |
Senior VP of Communications & Chief Human Resources Officer | 5.5yrs | no data | no data | |
Chief Global Optimization Officer | 3.2yrs | no data | no data | |
Senior Vice President of Health | 3.2yrs | no data | no data | |
Chief Commercial Officer | 5.5yrs | no data | 0.0023% $ 1.6m | |
Chief Strategy Officer & Senior VP of Business Development | 3.2yrs | no data | no data |
3.2yrs
Average Tenure
56yo
Average Age
Experienced Management: MPN's management team is considered experienced (3.2 years average tenure).
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
CEO & Director | 4yrs | US$24.05m | 0.061% $ 40.7m | |
Independent Director | 6.3yrs | US$350.00k | 0.0030% $ 2.0m | |
Independent Director | 8.6yrs | US$356.25k | 0.0018% $ 1.2m | |
Independent Director | 3yrs | US$541.25k | 0% $ 0 | |
Independent Non Executive Chairman of the Board | 12.8yrs | US$756.25k | 0.0028% $ 1.9m | |
Independent Director | 4.3yrs | US$350.00k | 0.0035% $ 2.4m | |
Independent Director | 12.8yrs | US$346.25k | 0.0031% $ 2.1m | |
Independent Director | 5.5yrs | US$371.25k | 0.0018% $ 1.2m | |
Independent Director | 5.5yrs | US$340.00k | 0.0066% $ 4.4m | |
Independent Director | less than a year | no data | 0.000070% $ 46.7k | |
Independent Director | 7.5yrs | US$325.00k | 0.0061% $ 4.1m | |
Independent Director | 7.2yrs | US$546.25k | 0.0058% $ 3.9m |
5.9yrs
Average Tenure
68.5yo
Average Age
Experienced Board: MPN's board of directors are considered experienced (5.9 years average tenure).