MPLX Elects Maryann T. Mannen as Chairman of the Board

Core Points - MPLX LP has announced the election of Maryann T. Mannen as chairman of the board, effective January 1, 2026, succeeding Michael J. Hennigan who will retire from the position [1][2][3] - Mannen has been serving as CEO since August 2024 and has been a board member since February 2021 [2] - Hennigan has held various leadership roles at MPLX since 2017, including chairman since April 2020 and CEO from November 2019 to August 2024 [2] Company Overview - MPLX LP is a diversified, large-cap master limited partnership that operates midstream energy infrastructure and logistics assets, providing fuels distribution services [4] - The company's assets include a network of crude oil and refined product pipelines, inland marine business, light-product terminals, storage caverns, and various processing facilities in key U.S. supply basins [4] Financial Highlights - MPLX LP has increased its quarterly distribution by 12.5% for the second consecutive year, bringing the annualized distribution to $4.31 per unit [5] - The board has declared a quarterly cash distribution of $1.0765 per common unit [6]