Michael J. Hennigan is the CEO of Marathon Petroleum Corporation (MPC), where he took the reins in March 2020. He has a solid background in the energy sector, previously holding significant roles at Sunoco Logistics and Energy Transfer Partners. Hennigan's...
Michael J. Hennigan is the CEO of Marathon Petroleum Corporation (MPC), where he took the reins in March 2020. He has a solid background in the energy sector, previously holding significant roles at Sunoco Logistics and Energy Transfer Partners. Hennigan's leadership is marked by a focus on both financial performance and environmental goals. Under his guidance, the company emphasizes sustainability, alongside traditional metrics like EBITDA. His total compensation in 2023 was $4.7 million, with a salary of $1.75 million and a notable cash bonus tied to performance and ESG targets. Hennigan has a degree in chemical engineering from Drexel University and has worked in the industry for over 35 years, gaining extensive experience in operations and leadership. Recently, he transitioned to the Executive Chairman role in 2024, which shows his lasting influence on the company’s direction and strategic initiatives. Marathon Petroleum operates 13 refineries and works to produce renewable diesel, reflecting Hennigan's commitment to sustainable practices that align with modern energy needs.