Valvoline Appoints Mahmoud Sharaf To Lead Investor Relations, Treasury

Rhea-AI Summary

Valvoline Inc. (NYSE: VVV) has appointed Mahmoud (Mack) Sharaf as Treasurer and Vice President of Investor Relations, effective immediately. Sharaf brings over 20 years of financial industry experience, having held roles at Fidelity Management and served as an advisor to Saudi Arabia's Minister of Energy. He will oversee Valvoline's capital markets strategy, treasury operations, and investor relations. CEO Mary Meixelsperger emphasized the need for strong investor connections as Valvoline's retail service model expands. The company is coming off its best first quarter in history, showcasing strong momentum.

Positive

• Appointment of Mahmoud Sharaf as Treasurer and VP of Investor Relations expected to strengthen investor relations.
• Sharaf's extensive financial industry experience may enhance Valvoline's capital markets strategy.
• Company reports its best first quarter in history, indicating strong performance and momentum.

Negative

• Transition may cause temporary disruptions in investor relations and treasury operations due to new leadership.

LEXINGTON, Ky., Feb. 15, 2021 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV), a leading worldwide marketer and supplier of premium branded lubricants and automotive services, today announced the appointment of experienced financial industry leader Mahmoud (Mack) Sharaf to serve as the company's Treasurer and chief liaison to the investment community, effective immediately.

As Vice President, Investor Relations and Treasurer, Sharaf will lead the combined Investor Relations and Treasury teams and be responsible for Valvoline's capital markets and capital allocation strategy, treasury operations, and investor relations. He will report to Valvoline's Chief Financial Officer, Mary Meixelsperger.

"As the company evolves and our retail service model becomes an increasingly larger part of our business, our ability to connect and share our vision with investors and analysts is essential," Meixelsperger said. "Mack's financial industry background adds a unique layer of experience and expertise to the Investor Relations and Treasury teams that will help strategically advance the important work of attracting high-quality investors to the stock and driving shareholder value through Valvoline's capital markets and capital allocation strategy."

Sharaf has more than 20 years of industry experience across financial services, including Equity Portfolio Manager and Industry Analyst roles for Fidelity Management and Research and corporate development and investment banking experiences. His industry expertise centers on sectors such as energy, materials and industrials. Most recently, Sharaf served as an advisor to Saudi Arabia's Minister of Energy, Industry and Minerals and to several publicly traded companies.  

"Valvoline has demonstrated strength and resilience over the last year and produced impressive results. In fact, the company is coming off its best first quarter in its history," Sharaf said. "With strong momentum and a powerful vision for the future, Valvoline has a compelling story to share with the market, and I'm happy to join the team."

About Valvoline^TM
Valvoline Inc. (NYSE: VVV) is a leading worldwide marketer and supplier of premium branded lubricants and automotive services, with sales in more than 140 countries. Established in 1866, the Company's heritage spans more than 150 years, during which time it has developed powerful brand recognition across multiple product and service channels. Valvoline ranks as the No. 3 passenger car motor oil brand in the DIY market by volume. It operates and franchises more than 1,500 quick-lube locations, and it is the No. 2 chain by number of stores in the United States under the Valvoline Instant Oil Change^SM brand and the No. 3 chain by number of stores in Canada under the Valvoline Great Canadian Oil Change brand. It also markets Valvoline lubricants and automotive chemicals, including Valvoline EV Performance Fluids; Valvoline Hybrid Vehicle Full Synthetic motor oil; Valvoline High Mileage with MaxLife technology motor oil for engines over 75,000 miles; Valvoline Advanced Full Synthetic motor oil; Valvoline Premium Blue^TM heavy-duty motor oil; Valvoline Multi-Vehicle Automatic Transmission Fluid; and Zerex^TM antifreeze. To learn more, visit www.valvoline.com.

^TM Trademark, Valvoline or its subsidiaries, registered in various countries
^SM Service mark, Valvoline or its subsidiaries, registered in various countries

FOR FURTHER INFORMATION

Michele Gaither Sparks
Sr. Director, Corporate Communications
+1 (859) 230-8097
michele.sparks@valvoline.com

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SOURCE Valvoline Inc.

FAQ

What is the significance of Mahmoud Sharaf's appointment to Valvoline?

Mahmoud Sharaf's appointment as Treasurer and VP of Investor Relations is significant as it brings experienced leadership to Valvoline, which may enhance investor relations and financial strategy.

What experience does Mahmoud Sharaf bring to Valvoline?

Mahmoud Sharaf brings over 20 years of experience in financial services, including roles at Fidelity Management and advising the Saudi Arabian government on energy and industry.

How does Valvoline's recent performance impact its stock?

Valvoline reported its best first quarter in history, suggesting strong operational performance, which may positively influence investor sentiment and stock value.

What will Mahmoud Sharaf be responsible for at Valvoline?

As Treasurer and VP of Investor Relations, Sharaf will oversee capital markets strategy, treasury operations, and investor relations.

How might Valvoline's retail service model impact its future?

Valvoline's expanding retail service model is expected to play a crucial role in its growth, enhancing connections with investors and driving shareholder value.