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Marathon Petroleum Corp. vice president James Heintschel to retire

(GLOBE NEWSWIRE via COMTEX) --FINDLAY, Ohio, Nov. 30, 2016 - Marathon Petroleum Corporation (NYSE: MPC) today announced the retirement of James (Jay) P. Heintschel II, vice president of Business Development, effective Jan. 1, 2017. Brian Partee, currently Crude Oil Logistics and Analysis manager, will replace Heintschel as director of Business Development.

Heintschel joined Marathon's Treasury organization in 1978 and held various positions of increasing responsibility throughout his career. Heintschel served as manager of commercial services for the predecessor to MPC's Speedway retail subsidiary, as well as for MPC's Pricing and Allocation Department and its Special Products Marketing Department. Heintschel was named director of Business Development for MPC in 2009 and was appointed to his current position in 2015.

"Jay has made valuable contributions to this company over his 38-year career," said Chairman, President and Chief Executive Officer Gary R. Heminger. "His talent, dedication and business acumen have been a tremendous asset, and we thank him for his service and wish him all the best in his retirement years."

Partee began his career at Marathon in 1995 as an accountant, and has worked in several roles of increasing responsibility throughout the company, including positions in its pipeline subsidiary; several managerial assignments in the Marketing and Supply, Distribution & Planning organization; and commercial director and vice president, Business Development and Franchise at Speedway LLC.

 

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About Marathon Petroleum Corporation

MPC is the nation's third-largest refiner, with a crude oil refining capacity of approximately 1.8 million barrels per calendar day in its seven-refinery system. Marathon brand gasoline is sold through approximately 5,400 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 2,770 convenience stores in 22 states. MPC owns, leases or has ownership interests in approximately 8,400 miles of crude and light product pipelines and more than 5,500 miles of gas gathering and natural gas liquids (NGL) pipelines. MPC also has ownership interests in 54 gas processing plants, 13 NGL fractionation facilities and two condensate stabilization facilities. 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, NGLs, feedstocks and petroleum-related products efficiently through the company's distribution network and midstream service businesses in the Midwest, Northeast, East Coast, Southeast and Gulf Coast regions.

Investor Relations Contacts:

Lisa D. Wilson (419) 421-2071

Doug Wendt (419) 421-2423

Media Contacts:

Chuck Rice (419) 421-2521

Jamal Kheiry (419) 421-3312

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Marathon Petroleum Corporation via Globenewswire

Heintschel retirement - http://hugin.info/147922/R/2060626/772572.pdf


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