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FINDLAY, Ohio, July 30, 2015 - (ACN Newswire) - Marathon Petroleum Corporation (NYSE: MPC) today announced that Charles E. Bunch has been elected to the company's board of directors, to be effective Sept. 22, 2015.
Bunch is chairman of the board and chief executive officer of PPG Industries, a role he has held since 2005. Effective Sept. 1, 2015, he will retire as chief executive officer and remain as executive chairman of PPG. Bunch also serves as a member of the boards of directors of ConocoPhillips and the PNC Financial Services Group.
"Mr. Bunch's strategic business acumen will be a tremendous asset to Marathon Petroleum Corporation's shareholders," said Thomas J. Usher, the company's non-executive chairman of the board. "His long and diverse experience at PPG, combined with his current directorships in upstream oil and financial services, will bring additional depth of expertise to MPC's talented board as we continue focusing on value-creation for our owners." The election of Bunch increases the size of MPC's board to 11 directors.
After joining PPG in 1979, Bunch held positions in finance and planning, marketing and general management in the U.S. and Europe during his first 12 years with the company. He was named general manager of architectural coatings in 1992, vice president of that unit in 1994 and vice president, fiberglass, in 1995. Bunch was elected senior vice president of strategic planning and corporate services in 1997 and executive vice president, coatings, in early 2000. He was named president, chief operating officer and board member in 2002 and chief executive officer in 2005.
Bunch received a degree in international affairs from Georgetown University and a master of business administration from the Harvard University Graduate School of Business Administration.
About Marathon Petroleum Corporation
MPC is the nation's fourth-largest refiner, with a crude oil refining capacity of approximately 1.7 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 2,760 convenience stores in 22 states. MPC also owns, leases or has ownership interests in approximately 8,300 miles of pipeline. 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, feedstocks and petroleum-related products efficiently through the company's distribution network in the Midwest, Southeast and Gulf Coast regions. For additional information about the company, please visit our website at http://www.marathonpetroleum.com.
MPC Media Contacts:
Chuck Rice +1-419-421-2521
Jamal Kheiry +1-419-421-3312
MPC Board Director: http://hugin.info/147922/R/1942317/702571.pdf
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Source: Marathon Petroleum Corporation via Globenewswire
Topic: Press release summary
Source: Marathon Petroleum Corporation
https://www.acnnewswire.com
From the Asia Corporate News Network
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