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Marathon Petroleum logoMarathon Petroleum MPC

The company said it appointed Maria A. Khoury as Executive Vice President and Chief Financial Officer on December 18, 2025, effective January 19, 2026. Khoury will serve as the company's principal financial officer.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it appointed Maria A. Khoury as Executive Vice President and Chief Financial Officer on December 18, 2025, effective January 19, 2026. Khoury will serve as the company's principal financial officer.

  2. Marathon Petroleum said Khoury will succeed John J. Quaid, who will cease to serve as Executive Vice President and Chief Financial Officer on January 19, 2026. The company said Quaid will remain with the company in a non-executive officer role during a transition period.

  3. MPC disclosed that Khoury, 55, has served as Vice President, Group CFO Biotechnology at Danaher Corporation since 2021, and held financial leadership roles at GE Oil & Gas from 2010 to 2017. Before joining GE, she worked at Cargill, Inc. for 5 years.

  4. The company said Khoury's annual base salary will be $800,000, and her target annual cash bonus will be 100% of her base salary. Her target long-term incentive award value for 2026 will be $2,400,000. The company also said it will grant her a one-time restricted stock unit award with a grant date value of $275,000, which will vest in 3 annual installments starting on the 1 anniversary of the grant date.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Maria A. Khoury Named Chief Financial Officer

The company said it appointed Maria A. Khoury as Executive Vice President and Chief Financial Officer on December 18, 2025, effective January 19, 2026. Khoury will serve as the company's principal financial officer.

Source · Based on the filing body and exhibits

John J. Quaid Succession and Transition Period

Marathon Petroleum said Khoury will succeed John J. Quaid, who will cease to serve as Executive Vice President and Chief Financial Officer on January 19, 2026. The company said Quaid will remain with the company in a non-executive officer role during a transition period.

Source · Based on the filing body and exhibits

Khoury's Career

MPC disclosed that Khoury, 55, has served as Vice President, Group CFO Biotechnology at Danaher Corporation since 2021, and held financial leadership roles at GE Oil & Gas from 2010 to 2017. Before joining GE, she worked at Cargill, Inc. for 5 years.

Source · Based on the filing body and exhibits

Khoury's Compensation Terms

The company said Khoury's annual base salary will be $800,000, and her target annual cash bonus will be 100% of her base salary. Her target long-term incentive award value for 2026 will be $2,400,000. The company also said it will grant her a one-time restricted stock unit award with a grant date value of $275,000, which will vest in 3 annual installments starting on the 1 anniversary of the grant date.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.