Marathon petroleum to spin-off speedway into an independent, publicly traded co

Marathon petroleum provides update on strategic review to enhance shareholder value.marathon petroleum corp - to spin-off speedway into an independent, publicly traded company.marathon petroleum corp - forms special committee of board of directors to enhance midstream review.marathon petroleum corp - independent director john p. surma will lead a committee of board to oversee separation and ceo search processes..marathon petroleum corp - will retain its direct-dealer business.marathon petroleum corp - will also initiate a nationwide search for a speedway ceo from both internal and external sources.marathon petroleum - independent director j. mike stice will lead special committee charged with this enhanced evaluation of midstream alternatives.marathon petroleum - independent speedway will consist of mpc's company-owned retail store operations with an expected 2019 ebitda of about $1.5 billion.marathon petroleum - although separation of speedway will not require a shareholder vote, separation will be subject to final approval by co's board.
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