Walmart executive tapped as lead for Valvoline's fast growing
retail business
LEXINGTON, Ky., March 30, 2022 /PRNewswire/ -- Valvoline Inc.
(NYSE: VVV), a global leader in vehicle care powering the future of
mobility through innovative services and products, today named
Lori Flees as the president of its
Retail Services business segment reporting directly to CEO
Sam Mitchell. Flees joins Valvoline
after nearly a decade with Walmart where she most recently held the
position of Senior Vice President and Chief Operating Officer of
its health and wellness division.
"Lori is an exceptional business leader, and we are excited to
welcome her to Valvoline," said Mitchell. "As we continue to invest
in our industry-leading automotive service network, Lori's
experiences in strategy, innovation and applying technology in the
retail space will be a great fit for our Valvoline Instant Oil
Change operations."
As president of Valvoline Retail Services, Flees will be leading
its fast-growing business segment, which includes more than 1,600
locations across the U.S. and Canada with a team of nearly 9,000
employees.
"I am excited to join the Valvoline team," said Flees. "I'm
impressed by the strong growth track record driven by an unwavering
focus on delivering a consistently high quality, quick and friendly
experience to customers every day."
Flees joined Walmart in 2014 as the SVP, Corporate Strategy. In
addition to developing the company's strategy, she was responsible
for all acquisition and integration activities, including Jet.com,
Bonobos, Moosejaw.com and Shoes.com. She was then promoted to SVP,
Next Generation Retail & Principal, Store No 8. In that role,
she led the incubation of next generation retail capabilities
leveraging emerging technologies and managing all strategic
partnerships (including Google and Microsoft), as well as launching
several joint venture partnerships. In her last role, she oversaw
all aspects of the Health & Wellness business across more than
4,800 locations, including the COVID vaccination operations
focusing on protecting both customers and associates.
Prior to her leadership experience at Walmart, Flees spent 17
years at Bain & Company Inc., where she did a variety of work
in consumer services, CPG, engineering and construction, industrial
manufacturing and oil and gas. She has extensive experience in
M&A, corporate strategy, and performance improvement, including
experience developing growth strategies for retailers with a
combination of company-owned and franchised stores. Early in her
career, Flees worked at Intel and at General Motors.
"With 15 straight years of same-store sales growth," Mitchell
continued, "Lori will be leading a talented and dedicated Retail
Services team into our next phase of growth."
Flees begins her role at Valvoline on April 11, 2022.
About Valvoline
Valvoline Inc. (NYSE: VVV) is a global
leader in vehicle care powering the future of mobility through
innovative services and products for vehicles with electric, hybrid
and internal combustion powertrains. Established in 1866, the
Company introduced the world's first branded motor oil and
developed strong brand recognition and customer satisfaction
ratings over the years across multiple service and product
channels. The Company operates and franchises approximately 1,600
service center locations and is the No. 2 and No. 3 largest chain
in the U.S. and Canada,
respectively, by number of stores. With sales in more than 140
countries and territories, Valvoline's solutions are available for
every engine and drivetrain, including high-mileage and heavy-duty
vehicles, and are offered at more than 80,000 locations worldwide.
Creating the next generation of advanced automotive solutions,
Valvoline has established itself as the world's leading supplier of
battery fluids to electric vehicle manufacturers, offering tailored
products to help extend vehicle range and efficiency. To learn
more, or to find a Valvoline service center near you, visit
valvoline.com.
™ Trademark, Valvoline or its subsidiaries,
registered in various countries
℠ Service mark, Valvoline or its subsidiaries,
registered in various countries
FOR FURTHER INFORMATION
Media Relations
Michele
Sparks
+1 (859) 230-8097
michele.sparks@valvoline.com
Investor Relations
Sean T. Cornett
+1 (859) 357-2798
scornett@valvoline.com
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SOURCE Valvoline Inc.