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| Thursday, 28 July 2011, 04:24 HKT/SGT | |
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FINDLAY, Ohio, July 28, 2011 - (ACN Newswire) - Marathon Petroleum Corporation (NYSE: MPC), the nation's fifth largest refiner, today announced the appointment of Timothy T. Griffith to the position of vice president of finance and treasurer, effective Aug. 1.
"We are delighted to welcome Tim to Marathon Petroleum," said Don Templin, senior vice president and chief financial officer. "His extensive capital markets, risk management, cash management and investment experience across a wide variety of industries makes him a perfect fit for our leadership team."
Templin said that Griffith will play a crucial role at Marathon Petroleum: "As a well established company that is newly-listed on the NYSE, maintaining our investment grade profile and capital efficiency are among our primary strategic objectives. Tim will be an instrumental part of that ongoing focus."
Griffith served as the capital planning officer at Comerica Incorporated and held positions as a derivatives specialist at Citicorp Securities in New York and Chicago before securing a position as assistant treasurer at Lear Corporation, where he was responsible for risk management, capital markets, and international finance.
Subsequent to his position with Lear, Griffith was appointed vice president & treasurer of Cooper-Standard Automotive, a tier one supplier to the global automotive industry headquartered in Novi, Michigan. At Cooper-Standard, Griffith had executive responsibility for the company's global treasury operations and investor relations activities.
Griffith comes to MPC from Smurfit-Stone Container Corporation, a $6.5 billion publicly traded paper-based packaging company in St. Louis, Missouri, where he had executive responsibility for the company's investor interface and treasury operations, including capital structure, cash management, insurance, and investment oversight.
Griffith earned a Bachelor of Arts in economics from Michigan State University in 1991 and a Master of Business Administration from the University of Michigan in 1997. Griffith is also a chartered financial analyst, a designation he has held since 1995.
About Marathon Petroleum Corporation
Marathon Petroleum Corporation (MPC) is the nation's fifth largest refiner with a crude capacity in excess of 1.1 million barrels per day in its six-refinery system. Marathon brand gasoline is sold through 5,100 independently owned locations across 18 states. In addition, Speedway LLC, an MPC subsidiary, owns and operates the nation's fourth largest convenience store chain with approximately 1,350 locations in seven states. MPC also owns, operates, leases or has ownership interest in approximately 9,600 miles of pipeline. MPC's fully integrated system provides operational flexibility to move crude oil, feedstocks and petroleum-related products efficiently through the company's distribution network in the Midwest, Southeast and Gulf Coast regions. For additional information about the company, please visit our website at http://www.marathonpetroleum.com .
Media Contacts:
Angelia Graves +1(419) 421-2703
Robert Calmus +1(419) 421-3127
Investor Relations Contacts:
Pamela Beall +1(419) 429-5640
Beth Hunter +1(419) 421-2559
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Marathon Petroleum Company via Thomson Reuters ONE
Copyright (c) Thomson Reuters 2011. All rights reserved.
Topic: Press release summary
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2026 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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