Marathon Petroleum Corporation: Abdulaziz F. Alkhayyal has been elected to the company's board of directors
OREANDA-NEWS. Marathon Petroleum Corporation (NYSE: MPC) today announced that Abdulaziz F. Alkhayyal has been elected to the company's board of directors, to be effective Oct. 26, 2016.
Alkhayyal serves on the board of directors of Halliburton Company, where he is a member of the health, safety and environment and the nominating and corporate governance committees.
He retired from Saudi Aramco in 2014 as the senior vice president of Industrial Relations, following a 30-year career there. He served on the Saudi Aramco board of directors from 2004 to 2014.
"The addition of Mr. Alkhayyal's extensive energy experience to our already deeply experienced board will be a tremendous asset to the company and its shareholders," said Gary R. Heminger, chairman, president and chief executive officer. He added that Alkhayyal also has unique insight into global energy markets. The election of Alkhayyal increases the size of MPC's board to 11 directors.
Alkhayyal held a variety of executive positions at Saudi Aramco, including senior vice president, Industrial Relations; senior vice president, Refining, Marketing and International; and senior vice president, International Operations.
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 5,000 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.