Valvoline Inc. announced the planned retirement of its Chief Financial Officer, Mary Meixelsperger, on October 18, 2024. Ms. Meixelsperger will continue in her role until a successor is hired and will remain with the company through a subsequent transition period. A comprehensive search is underway with the assistance of a leading executive search firm, considering both internal and external candidates.
Ms. Meixelsperger joined Valvoline in 2016 as CFO, prior to the company's successful initial public offering and spinoff from Ashland Global Holdings. Her tenure has been marked by significant financial leadership and strategic insights during a period of transformation for the company. Lori Flees, Valvoline Inc. President and CEO, expressed gratitude for Ms. Meixelsperger's contributions to building the company.
The company's commitment to a smooth transition is highlighted by Ms. Meixelsperger's agreement to support the process with her successor. This leadership change is a key development as Valvoline continues to execute its growth strategy as a pure-play automotive preventive maintenance provider. The search for a new CFO is a critical step in ensuring continued financial stewardship for the company.
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