Valvoline Inc. Announces Chief Financial Officer Retirement and Transition Plan
Rhea-AI Summary
Valvoline Inc. (NYSE: VVV) has announced the planned retirement of its Chief Financial Officer, Mary Meixelsperger. She will continue as CFO until a successor is hired and will remain with the company during the transition period. Valvoline has initiated a comprehensive search for a new CFO, considering both internal and external candidates.
CEO Lori Flees expressed gratitude for Meixelsperger's leadership and contributions, highlighting her role in building the company. Meixelsperger joined Valvoline in 2016, just before its successful IPO and spinoff from Ashland Global Holdings. She previously served as CFO for DSW Inc. and Shopko Stores, and currently serves on the board of directors for Genesco Inc. and the Cincinnati branch board of The Federal Reserve Bank of Cleveland.
Positive
- Planned and orderly CFO transition process
- Comprehensive search for new CFO including internal and external candidates
- Current CFO to remain during transition period ensuring continuity
Negative
- Departure of experienced CFO who joined during critical IPO period
News Market Reaction – VVV
On the day this news was published, VVV declined 0.62%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
"On behalf of the Board of Directors and our executive leadership team, I want to thank Mary for her leadership and contributions that helped build the company we are today. We appreciate that she will continue to serve as our Chief Financial Officer and provide support during the transition process with her successor once selected," said Lori Flees, Valvoline Inc. Chief Executive Officer and President. "I deeply value Mary's partnership, financial leadership and strategic insights as we continue to drive value for all of our stakeholders."
Meixelsperger joined Valvoline in 2016 as CFO just prior to the successful initial public offering and spinoff from Ashland Global Holdings.
"It has been an honor and a privilege to be part of the Valvoline team," said Meixelsperger. "I am sincerely grateful for the opportunity to work with such amazing teammates and franchisees. Valvoline is very well positioned to see meaningful growth and success in its business, guided by a clear strategy and outstanding leadership. I am committed to ensuring a smooth and successful transition of our finance leadership."
Prior to the joining the Company, Meixelsperger served as the CFO for DSW Inc. (now Designer Brands, Inc.) and former mass merchandise store chain Shopko Stores. She serves on the board of directors of specialty retailer Genesco Inc. and in 2024, she was appointed as a director for the
About Valvoline Inc.
Valvoline Inc. (NYSE: VVV) is the quick, easy, trusted leader in automotive preventive maintenance. Valvoline Inc. is creating shareholder value by driving the full potential in our core business, accelerating network growth and innovating to meet the needs of customers and the evolving car parc. With approximately 2,000 service centers throughout
* Based on a survey of more than 900,000 Valvoline Instant Oil Change℠ customers annually
™ Trademark, Valvoline Inc., or its subsidiaries, registered in various countries
SM Service mark, Valvoline Inc., or its subsidiaries, registered in various countries
For Further Information
Investor Inquiries
Elizabeth B. Clevinger
+1 (859) 357-3155
IR@valvoline.com
Media Inquiries
Angela Davied
+1 (877) 508-0832
media@valvoline.com
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SOURCE Valvoline Inc.
FAQ
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