Valvoline Inc. Announces Chief Financial Officer Retirement and Transition Plan

Company Leadership Transition - Valvoline Inc. announces the planned retirement of Chief Financial Officer Mary Meixelsperger, who will continue in her role until a successor is hired and will assist during the transition period [1][2] - The company has initiated a comprehensive search for a successor, involving both internal and external candidates [1] Executive Contributions - CEO Lori Flees expressed gratitude for Meixelsperger's leadership and contributions, highlighting her role in building the company and her strategic insights [2] - Meixelsperger joined Valvoline in 2016, just before its initial public offering and spinoff from Ashland Global Holdings [2] Meixelsperger's Background - Prior to Valvoline, Meixelsperger served as CFO for DSW Inc. and Shopko Stores, and she is currently on the board of directors for Genesco Inc. and The Federal Reserve Bank of Cleveland [3] - She was recognized as one of the Top 50 Women Leaders of Kentucky in 2023 [3] Company Overview - Valvoline Inc. is a leader in automotive preventive maintenance, operating approximately 2,000 service centers in North America [4] - In fiscal year 2023, Valvoline delivered around 27 million services, generating $1.4 billion in revenue from $2.8 billion in system-wide store sales, marking 17 years of consecutive same-store sales growth [4]