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MPLX’s Beall Retires As CFO

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Pamela KM Beall, executive vice-president and CFO of MPLX, will retire later this year after more than 25 years of service with sponsor Marathon Petroleum and MPLX. John J Quaid will succeed Beall as finance head of the general partner, effective September 1.

Beall began her career with Marathon as an auditor and rejoined the company in 2002, where she has since served in a wide range of capacities, including vice-president of downstream business development, vice-president of global procurement, and vice-president of products, supply, and optimization. She was vice-president of investor relations and government and public affairs during MPC’s separation from Marathon Oil in 2011 and supported MPLX’s initial public offering in 2012. She was named president of MPLX in 2014, leading the company’s diversification into natural gas and natural gas liquids logistics services, before assuming her current role in 2016.

“Pam has played a critical role in many of Marathon’s most important recent milestones, including helping to establish both MPC and MPLX as publicly traded companies. During her time as MPLX CFO, we’ve successfully grown and diversified the MLP, increasing its value to MPC and unitholders and recently achieving our excess cash flow goal ahead of schedule. The board of directors and I appreciate Pam’s many years of service and wish her well in her much-deserved retirement,” said Michael J Hennigan, chairman, president and CEO of MPLX.

Quaid joined MPC in 2014 as vice-president and controller and has served as senior vice-president and controller since 2020. Prior to MPC, he spent 12 years with United States Steel Corp. serving in roles of increasing responsibility.

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