Palmer plans to assist with the integration of MPC and Andeavor.
Michael Palmer, Marathon Petroleum Corp. (MPC)’s senior vice president of Supply, Distribution and Planning, has elected to retire effective Jan. 1, 2019.
Palmer has been named executive vice president, assisting in the integration of MPC and Andeavor upon closing of the pending merger.
“As we expand our supply and distribution network to reflect our coast-to-coast footprint, Mike’s 42 years of experience with MPC and his expertise in our business has been invaluable,” said Heminger. “We’re grateful that we will continue to benefit from Mike’s knowledge during our integration, and are pleased he will help lead us through this critical transition period.”
Palmer’s career with Marathon began in 1976 as a financial analyst in the company’s Treasury organization, followed by a variety of positions of increasing responsibility. After serving on the staff of Marathon’s vice president of Supply and Transportation, Palmer was assigned to the company’s office in London as a crude oil trader in Marathon’s European Supply and Marine Transportation organization.
Palmer also spent seven years in Houston managing Marathon’s Crude Oil Lease Purchases and Sales, and then led its Crude Oil Trading and Risk Management organization. Palmer was appointed manager of Business Development within Marathon Ashland Petroleum, and following the 2007 purchase of Western Oil Sands, he was appointed senior vice president of Oil Sands Operations and Commercial Activities for Marathon Oil Canada Corporation in Calgary, Alberta. He was subsequently appointed director of Crude Supply and Logistics for MPC and then vice president of Crude Supply and Logistics. He was appointed to his current position in 2011.
Palmer graduated with highest distinction from Indiana University’s Kelley School of Business in 1976 with a Bachelor of science in finance. He attended the University of Pennsylvania Wharton School of Business Program for Strategic Thinking and Managing for Competitive Advantage in 2001 and the Oxford Institute for Energy Studies in 2010.