Marathon
Marathon Petroleum Corp said it will retain the current structure of its midstream business, concluding a long-drawn strategic review of the unit it had undertaken after pressure from shareholders lead by Elliott Management, as reported by Reuters.
The largest U.S. independent refiner also appointed industry veteran Michael Hennigan as its new chief executive officer, effective immediately.
Reporting by Shariq Khan in Bengaluru; Editing by Sriraj Kalluvila
