October 28, 2020
Marathon Petroleum Headquarters

Marathon Petroleum Board of Directors Compensation and Executive Salaries

Marathon Petroleum Corporation is a large American petroleum refining company, headquartered in Findlay, Ohio, United States. To buy oil and gas products, you may have heard this company name in the market. They have good market share in the United States. You can also buy oil products manufactured by them. They have different oil refineries in the US.

In this article, we have provided information about board of directors compensation of Marathon Petroleum Corporation. In addition to this, we have also included information of executives salary / pay scale of Marathon Petroleum Corporation.

Marathon Petroleum Headquarters
Marathon Petroleum Headquarters

Marathon Petroleum Executive Salaries 2018

Donald C. Templin – President, Refining, Marketing and Supply (US$6.15 million)

He earned US$6,155,202 as total compensation including total cash salary US$2,637,500, equity rewards US$3,324,879, and all other compensation US$192,823.

Anthony R. Kenney – President, Speedway (US$4.18 million)

He earned US$4,180,553 as total compensation including total cash salary US$1,843,750, equity rewards US$2,194,299, and all other compensation US$142,504.

Gary R. Heminger – Chairman and Chief Executive Officer (US$18.87 million)

He earned US$18,874,797 as total compensation including total cash salary US$6,887,500, equity rewards US$11,383,702, and all other compensation US$603,595.

Timothy T. Griffith – Senior Vice President and Chief Financial Officer (US$4.38 million)

He earned US$4,387,545 as total compensation including total cash salary US$1,925,000, equity rewards US$2,327,421, and all other compensation US$135,124.

Gregory J. Goff – Executive Vice Chairman (US$5.12 million)

He earned US$5,121,941 as total compensation including total cash salary US$5,000,000, equity rewards US$0, and all other compensation US$121,941.

Related Article: ExxonMobil Board of Directors Compensation

Marathon Petroleum Board of Directors Compensation 2018

Abdulaziz F. Alkhayyal – Retired Senior Vice President, Industrial Relations, Saudi Aramco

This board member earned US$300,000 as total compensation including cash paid in US$150,000, stock awards US$150,000, and all other compensation US$0.

Evan Bayh – Senior Advisor, Apollo Global Management

This board member earned US$300,000 as total compensation including cash paid in US$150,000, stock awards US$150,000, and all other compensation US$0.

Charles E. Bunch – Retired Chairman of the Board and CEO, PPG Industries, Inc.

This board member earned US$310,000 as total compensation including cash paid in US$150,000, stock awards US$150,000, and all other compensation US$10,000.

David A. Daberko – Former Chairman of National City Corporation

This board member earned US$162,841 as total compensation including cash paid in US$83,654, stock awards US$75,687, and all other compensation US$3,500.

Steven A. Davis – Former Chairman and Chief Executive Officer, Bob Evans Farms, Inc.

This board member earned US$303,500 as total compensation including cash paid in US$150,000, stock awards US$150,000, and all other compensation US$3,500.

Edward G. Galante – Retired Senior Vice President and Management Committee Member, ExxonMobil Corporation

This board member earned US$75,000 as total compensation including cash paid in US$37,500, stock awards US$37,500, and all other compensation US$0.

Donna A. James – Founder of Lardon & Associates LLC

This board member earned US$307,500 as total compensation including cash paid in US$195,000, stock awards US$112,500, and all other compensation US$0.

James E. Rohr – Retired Chairman and CEO, The PNC Financial Services Group, Inc.

This board member earned US$342,102 as total compensation including cash paid in US$182,102, stock awards US$150,000, and all other compensation US$10,000.

Kim K.W. Rucker – Former Executive Vice President, General Counsel and Secretary, Andeavor

This board member earned US$75,000 as total compensation including cash paid in US$37,500, stock awards US$37,500, and all other compensation US$0.

Frank M. Semple – Retired Chairman, President and CEO, MarkWest Energy Partners, L.P.

This board member earned US$493,209 as total compensation including cash paid in US$250,500, stock awards US$222,709, and all other compensation US$20,000.

J. Michael Stice – Dean, Mewbourne College of Earth & Energy, University of Oklahoma

This board member earned US$429,712 as total compensation including cash paid in US$209,856, stock awards US$209,856, and all other compensation US$10,000.

John P. Surma РRetired Chairman and CEO, United States Steel Corporation 

This board member earned US$502,500 as total compensation including cash paid in US$255,000, stock awards US$237,500, and all other compensation US$10,000.

Susan Tomasky – Retired President of AEP Transmission, American Electric Power

This board member earned US$78,750 as total compensation including cash paid in US$41,250, stock awards US$37,500, and all other compensation US$0.

Article first published on April 22, 2020.