Marathon Petroleum (MPC) appoints Maria Khoury as new CFO effective 2026

Rhea-AI Filing Summary

Marathon Petroleum Corporation is appointing Maria A. Khoury as Executive Vice President and Chief Financial Officer effective January 19, 2026, succeeding John J. Quaid, who will move to a non-executive transition role. In this position she will serve as the company’s principal financial officer.

Ms. Khoury brings extensive finance leadership experience, most recently as Vice President, Group CFO Biotechnology, Life Sciences at Danaher Corporation, with prior senior roles at Cytiva, GE Healthcare Life Sciences, GE Oil & Gas, GE Corporate and GE Capital, and earlier experience at Cargill.

Her compensation includes an annual base salary of $800,000, a target annual cash bonus equal to 100% of base salary, and a 2026 long‑term incentive target value of $2,400,000. She will also receive a one‑time restricted stock unit grant valued at $275,000, vesting in three equal annual installments, intended to replace equity she forfeits when leaving her current employer.

Insights

Corporate governance and executive compensation analyst

Marathon Petroleum discloses an orderly CFO transition with defined pay package.

Marathon Petroleum Corporation is naming Maria A. Khoury as Executive Vice President and Chief Financial Officer effective January 19, 2026, with outgoing CFO John J. Quaid remaining in a non-executive role for a transition period. The filing states that Ms. Khoury will become the company’s principal financial officer, indicating a standard leadership handoff rather than a vacancy.

The compensation terms are clearly quantified: an $800,000 base salary, target annual cash bonus at 100% of base, and a 2026 long-term incentive target of $2,400,000. In addition, she will receive a one-time restricted stock unit grant valued at $275,000, vesting in three substantially equal annual installments and intended to offset equity forfeited at her prior employer.

The disclosure also notes there are no separate arrangements or family relationships underlying her appointment and no related-party transactions under Item 404(a) of Regulation S-K. This, combined with her prior senior finance roles at Danaher and GE businesses, frames the move as a conventional recruitment of an experienced external CFO with a structured transition from the incumbent.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________________________

FORM 8-K

_____________________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) December 12, 2025

_____________________________________________

Marathon Petroleum Corporation

(Exact name of registrant as specified in its charter)

_____________________________________________

Delaware

001-35054

27-1284632

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

539 South Main Street, Findlay, Ohio 45840

(Address of principal executive offices) (Zip code)

Registrant’s telephone number, including area code: (419) 422-2121

_____________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: 

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class			Trading symbol(s)			Name of each exchange on which registered
Common Stock, par value $.01			MPC			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 18, 2025, Marathon Petroleum Corporation (the “Company”) announced the appointment of Maria A. Khoury to serve as its Executive Vice President and Chief Financial Officer effective January 19, 2026 (the “Effective Date”). In this capacity, Ms. Khoury will be the Company’s principal financial officer.

Ms. Khoury, 55, has served as Vice President, Group CFO Biotechnology, Life Sciences for Danaher Corporation, a global science and technology innovator, since 2021. In this role, she has finance responsibility for Cytiva Operating Companies (formerly GE Healthcare Life Sciences) and Pall Life Sciences, including oversight of the audit, treasury and tax functions. Ms. Khoury served as CFO Cytiva, Danaher Life Sciences Vice President Finance and IT, from 2020 to 2021, and as CFO GE Life Sciences, GE Healthcare from 2017 through its acquisition by Danaher in 2019. From 2010 to 2017, Ms. Khoury served in financial leadership positions within GE Oil & Gas, including as CFO of GE’s Oil Field Services division. From 1999 to 2010, she held domestic and international positions of increasing responsibility in financial planning and analysis and treasury for GE Corporate and GE Capital Treasury. Before joining GE in 1999, Ms. Khoury spent five years with Cargill, Inc, where she began her finance career.

Ms. Khoury’s annual base salary will be $800,000, and her target bonus opportunity under the Company’s annual cash bonus (“ACB”) program will be equal to 100% of her base salary. Her actual bonus will be based on performance relative to the performance goals established under the ACB program. Ms. Khoury’s target award value under the Company’s long-term incentive (“LTI”) award program for 2026 will be $2,400,000. Descriptions of the ACB and LTI programs are included in the Company’s Definitive Proxy Statement for the 2025 Annual Meeting of Shareholders, filed on Schedule 14A with the Securities and Exchange Commission on March 17, 2025 (the “2025 Proxy Statement”). Ms. Khoury will also be eligible to participate in the Company’s other benefit plans and programs such as health and life insurance, income protection in a circumstance of long-term and short-term disability, relocation assistance and retirement and severance benefits plans, descriptions of which are included in the 2025 Proxy Statement.

In connection with her appointment as the Company’s Executive Vice President and Chief Financial Officer, Ms. Khoury will receive a one-time grant of restricted stock units with a grant date value of $275,000. This grant will be made under the Marathon Petroleum Corporation 2021 Incentive Compensation Plan on the Effective Date, and will vest in three substantially equal annual installments starting on the first anniversary of the grant date, subject to Ms. Khoury’s continued service with the Company through the applicable vesting dates. This grant is intended to compensate Ms. Khoury for the value of the equity incentives she will forfeit upon departing her current employer to join the Company.

Other than with respect to the compensation matters described above, there are no arrangements or understandings between Ms. Khoury and any other persons pursuant to which Ms. Khoury was appointed the Company’s Executive Vice President and Chief Financial Officer. There are no family relationships between Ms. Khoury and any director or executive officer of the Company, and Ms. Khoury has no direct or indirect interest in any transaction or proposed transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

Ms. Khoury will succeed John J. Quaid, who will cease to serve as Executive Vice President and Chief Financial Officer of the Company on the Effective Date. Thereafter, Mr. Quaid will continue with the Company in a non-executive officer role for a period of transition.

Item 8.01 Other Events.

A copy of the press release announcing certain of the matters described under Item 5.02 of this Current Report on Form 8-K is filed herewith as Exhibit 99.1 and is incorporated by reference in this Item 8.01.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number						Description
99.1						Press release issued by Marathon Petroleum Corporation on December 18, 2025
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			Marathon Petroleum Corporation
Date: December 18, 2025			By:						/s/ Molly R. Benson
									Name: Molly R. Benson
									Title: Chief Legal Officer and Corporate Secretary

FAQ

Who is the new Chief Financial Officer of Marathon Petroleum (MPC)?

Marathon Petroleum has appointed Maria A. Khoury as its new Executive Vice President and Chief Financial Officer, effective January 19, 2026. In this role she will serve as the company’s principal financial officer.

When will the CFO transition at Marathon Petroleum (MPC) take effect?

The transition is effective on January 19, 2026. On that date, Maria A. Khoury will become Executive Vice President and Chief Financial Officer, and John J. Quaid will cease serving as CFO and continue in a non-executive role for a transition period.

What is Maria Khoury’s compensation package as CFO of Marathon Petroleum (MPC)?

Ms. Khoury will receive an annual base salary of $800,000, a target annual cash bonus equal to 100% of her base salary, and a 2026 long-term incentive target award value of $2,400,000. She will also receive a one-time restricted stock unit grant valued at $275,000, vesting in three substantially equal annual installments.

Why is Marathon Petroleum (MPC) granting Maria Khoury a one-time RSU award?

The one-time restricted stock unit grant with a value of $275,000 is intended to compensate Ms. Khoury for the value of equity incentives she will forfeit when she leaves her current employer to join Marathon Petroleum.

Does Maria Khoury have any related-party relationships with Marathon Petroleum (MPC)?

The company states that there are no arrangements or understandings with other persons pursuant to which she was appointed, no family relationships with any director or executive officer, and no transactions requiring disclosure under Item 404(a) of Regulation S-K.

What is Maria Khoury’s professional background before joining Marathon Petroleum (MPC)?

Ms. Khoury has held senior finance roles at Danaher Corporation, including Vice President, Group CFO Biotechnology, Life Sciences, and at GE Healthcare Life Sciences and GE Oil & Gas. Earlier in her career she held finance roles at GE Corporate, GE Capital Treasury, and Cargill, Inc.