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2016-02-24

Marathon Petroleum Corporation: Usher to retire as Marathon Petroleum chairman; Heminger to succeed

FINDLAY, OHIO, Feb. 24, 2016 - Thomas J. Usher, chairman of the board of
Marathon Petroleum Corporation (NYSE: MPC) announced today that he will
retire following the company's Annual Meeting of Shareholders on April 27,
2016. MPC's Board of Directors has elected Gary R. Heminger, the company's
president and chief executive officer, to succeed Usher as chairman in
addition to his current duties when the meeting ends.
"Tom has been an invaluable contributor to our company's success, providing
outstanding leadership and keen vision at pivotal times in our company's long
history that have helped put us on a path for long-term success," Heminger
said. "We remain ever grateful for his guidance and commitment."

Usher, 73, joined United States Steel Corporation (NYSE: X) in 1965, and held
various positions in industrial engineering and a number of management
capacities. He was elected president of U. S. Steel and to the USX board of
directors in 1991, named president and chief operating officer of USX in
1994, and elected chairman and chief executive officer of USX in 1995. From
1986 to late 2001, USX Corporation was the parent company of U. S. Steel and
Marathon Oil Company. Usher was the architect of the separation of Marathon
Oil and U. S. Steel at the end of 2001, and in 2011, coordinated MPC's
spinoff from Marathon Oil Corp., a move designed to enhance both companies'
flexibility to pursue tailored strategies and drive additional long-term
value for shareholders and customers. He has been a member of the board of
directors of MPC and its former affiliates since 1991 and has served as
chairman for more than 10 years.

Commenting on Heminger's election, Usher said, "Marathon Petroleum could not
be in better hands. Our board of directors has a profound respect for Gary's
business acumen, integrity and leadership ability. He has a dynamic vision
for the future of our company and our industry, and the board has decided
that the time is right for Gary to assume the additional role as chairman."

Heminger, 62, joined Marathon in 1975. Throughout four decades with the
company he has worked in a variety of groups and functions, including
auditing, marketing and commercial roles, and in Marathon's pipeline
subsidiary. He held several executive positions in Marathon's downstream
business, and was appointed president of Marathon Petroleum Company, a wholly
owned subsidiary of Marathon, in 2001. In addition, he served as an executive
vice president of Marathon Oil and as a member of Marathon Oil's executive
committee. He was named to his current position on July 1, 2011. Heminger is
also chairman of the board and chief executive officer of MPLX GP LLC (NYSE:
MPLX).

In another move, the board announced that David A. Daberko has been elected to
the new position of lead director. As lead director, Daberko will chair
meetings of the non-management directors, approve board meeting agendas and
serve as a liaison. These transitions are a part of the board's comprehensive
succession planning process.

Daberko, 70, who served as chairman and chief executive officer of National
City Corporation for 12 years, joined the MPC board in 2011. He also serves
as an MPLX director.

"We are fortunate to have Dave as lead director," Usher said. "With his
experience on the board, he is the right person to serve in a lead capacity
to coordinate the activities of the other non-management directors."

###

About Marathon Petroleum Corporation
MPC is the nation's fourth-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 5,600
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 owns, leases or has ownership interests in approximately 8,300
miles of crude and light product pipelines and 5,000 miles of gas gathering
and natural gas liquids (NGL) pipelines. MPC also has ownership interests in
more than 50 gas processing plants, more than 10 NGL fractionation facilities
and a condensate stabilization facility. 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, Southeast and Gulf Coast regions. For additional
information about the company, please visit our website at
http://www.marathonpetroleum.com.

Investor Relations Contacts:

Lisa Wilson (419) 421-2071
Teresa Homan (419) 421-2965

Media Contact:

Chuck Rice (419) 421-2521

Usher to retire
http://hugin.info/147922/R/1989148/730519.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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

HUG#1989148

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