News Formal

Marathon Petroleum CEO to Retire as Company Spins Off Gas Stations

  • 📰 WSJ
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Marathon CEO Gary Heminger plans to step down next year after more than eight years at the fuel maker’s helm

The chief executive of fuel maker Marathon Petroleum Corp. is stepping down and the company is spinning off its gas-station chain to placate activist investors including Elliott Management Corp.

Chairman and Chief Executive Gary Heminger, 66, plans to step down next year after more than eight years at the company’s helm, Marathon said Thursday.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Most based in BJ, several based in SF. Like AWS and Azure.

Most reports by email or phone. This is different from before since there is a top role, and this may be taken as a branch.

Most reports by email or phone. This is different from before since there is a top role, and this may take as the sub of it.

Or later find a COO play more important role.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here's why one analyst thinks YouTube could be worth $300 billion as a standalone company, making it more valuable than AT&T, Exxon Mobil, and Bank of AmericaNeedham & Company analyst Laura Martin says owner Alphabet should spin off all or part of Youtube and estimates its revenue at $30 billion this year.
Source: BusinessInsider - 🏆 729. / 51 Read more »