{"id":71585,"date":"2019-11-01T00:00:09","date_gmt":"2019-11-01T04:00:09","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=71585"},"modified":"2019-10-31T22:17:23","modified_gmt":"2019-11-01T02:17:23","slug":"marathon-petroleum-to-change-ceo-split-company-after-hedge-fund-campaign","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2019\/marathon-petroleum-to-change-ceo-split-company-after-hedge-fund-campaign.html","title":{"rendered":"Marathon Petroleum to change CEO, split company after hedge fund campaign"},"content":{"rendered":"<p>(Reuters) &#8211; Marathon Petroleum Corp (MPC.N) chief Gary Heminger will leave next year, the largest U.S. independent refiner said on Thursday, adding it would launch a sweeping restructuring demanded by activist investors, including the spinoff of retail operations.<br \/>\nThe changes were a victory for Elliott Management, DE Shaw and other investors that had sought a shakeup to boost the company\u2019s lagging share price following its troubled 2018 acquisition of rival Andeavor. <\/p>\n<p><a href=\"https:\/\/www.reuters.com\/article\/us-marathon-petroleum-activist\/marathon-petroleum-to-change-ceo-split-company-after-hedge-fund-campaign-idUSKBN1XA1DI\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; Marathon Petroleum Corp (MPC.N) chief Gary Heminger will leave next year, the largest U.S. independent refiner said on Thursday, adding it would launch a sweeping restructuring demanded by activist investors, including the spinoff of retail operations. The changes [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-71585","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/71585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=71585"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/71585\/revisions"}],"predecessor-version":[{"id":71586,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/71585\/revisions\/71586"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=71585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=71585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=71585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}