LEXINGTON, Ky., April 27,
2022 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV) today
announced the appointment of Jennifer
Slater as an independent director to the company's Board of
Directors, effective July 1, 2022.
The company also announced that Stephen
Kirk will retire as a member of the Board of Directors,
effective June 30, 2022.
With more than 25 years of global multifunctional leadership
experience, Ms. Slater, who is currently the Group Vice President
and General Manager, Global Original Equipment and Products at
Clarios, joins the Valvoline Board with extensive knowledge in the
automotive industry - most recently focused on energy storage
solutions to meet evolving vehicle electrification needs.
"On behalf of Valvoline's Board of Directors, I am thrilled to
welcome Jennifer to the Board at this exciting time for the
Company," said Richard J. Freeland,
Chairman of the Board. "Her expertise with automotive OEMs
and advanced vehicle market trends will support Valvoline's
positioning in the evolving transportation landscape. There is
little doubt that Jennifer will be a great asset for our management
team and will provide keen insights for our strategic goals. We
look forward to having her diverse perspectives as we continue our
transformation."
On behalf of the Board of Directors, I would also like to
express our sincere gratitude and thanks to Steve Kirk who, as our former Chairman of the
Board, has been instrumental in leading the Company's strategic
transformation to a more services-driven business model. Valvoline
has greatly benefited from Steve's dedication, strategic thinking
and leadership throughout his term on Valvoline's Board of
Directors. We will miss Steve's collaboration on the Board and wish
him all the best in his retirement," said Freeland.
Valvoline continues to make substantial progress on the
previously announced separation of its Global Products and Retail
Services business segments and expects to announce further updates
when available.
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 across multiple
service and product channels over the years. 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 www.valvoline.com.
™ Trademark, Valvoline or its subsidiaries, registered in
various countries
SM Service mark, Valvoline or its subsidiaries,
registered in various countries
FOR FURTHER INFORMATION
Investor Relations
Sean T.
Cornett
+1 (859) 357-3155
ir@valvoline.com
Media Relations
Michele
Gaither Sparks
+1 (859) 230-8079
michele.sparks@valvoline.com
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SOURCE Valvoline Inc.