Select your language

Valvoline Announces CEO Succession Plan

Valvoline

United States. Valvoline announced that Sam Mitchell will retire as CEO and board member effective Sept. 30. Mitchell will be replaced by Lori Flees, current president of retail services, as the company's chief executive.

Flees will also join the company's board.

"On behalf of the board, I want to thank Sam for his leadership at Valvoline over the past 21 years," said Rich Freeland, Valvoline chairman of the board.

"During this time, Sam has led the company through a period of exceptional growth and performance, which included a very successful IPO in 2016 and, most recently, the restructuring and separation of Valvoline's Retail Services and Global Products businesses."

- Advertising -

"Today, Valvoline is a leader in preventative auto maintenance, and it is from this position of strength that the board of directors accepted Sam's retirement decision."

Mitchell added, "Leading this company has been the highlight of my career. I will always be grateful for the experience of working with the talented and dedicated people at Valvoline, and wish them every success in the future. I have had the privilege of working side by side with Lori for the past year."

"Throughout her career and in our time working together, she has proven to be a strategic thinker with a natural ability to unite teams and drive results."

"The board and I have great confidence that she is the right leader for Valvoline as the company focuses on its future as a high-growth, high-margin, pure play retail services business."

Flees served as president of Valvoline Retail Services for the past year. In this role, he has led the company's operations, driving gross revenue growth and bottom line to new record levels, the company said.

She will continue in her role as president, in addition to serving as the company's chief executive officer.

"Lori is a talented executive with a proven track record of delivering results," said Freeland.

"Over the past year, Lori has become a highly respected member of the management team. Her significant retail and leadership experience uniquely qualifies her to lead Valvoline as she continues to provide best-in-class automotive retail services."


No comments

• If you're already registered, please log in first. Your email will not be published.

Leave your comment

In reply to Some User
U.S. auto industry alert: Tariffs threaten jobs, prices

U.S. auto industry alert: Tariffs threaten jobs, prices

United States. Six of the main associations of the U.S. automotive sector sent a joint letter to senior officials of the Donald Trump administration requesting the immediate suspension of the new...

Nissan closes its plant in Argentina and sets off alarms in the regional automotive industry

Nissan closes its plant in Argentina and sets off alarms in the regional automotive industry

Argentina. The Japanese automaker Nissan announced the closure of its factory in Cordoba, Argentina, a measure that has a full impact on the local automotive industry and sets off alerts throughout...

Tritium Launches TRI-FLEX, a Revolutionary Ultra-Scalable Charging Platform for Electric Vehicles

Tritium Launches TRI-FLEX, a Revolutionary Ultra-Scalable Charging Platform for Electric Vehicles

United States. Tritium announced the launch of its new TRI-FLEX charging platform, a state-of-the-art solution that promises to transform charging infrastructure at scale.

Isuzu consolidates its global strategy from Colombia with a new export subsidiary

Isuzu consolidates its global strategy from Colombia with a new export subsidiary

Colombia. The Japanese multinational Isuzu Motor Corporation inaugurated a new company in the Bogota Free Trade Zone as part of its international expansion plan, focused on sustainability, taking...

3D Printing Drives Efficiency in Electrical Component Manufacturing

3D Printing Drives Efficiency in Electrical Component Manufacturing

United States. Aeromotive, which specialises in the manufacture of cable harnesses and connectors for high-demand sectors, has strengthened its "Build-to-Print" programme by integrating advanced 3D...

Pony.ai and Tencent Cloud seal strategic alliance to promote the development and commercial deployment of Robotaxis

Pony.ai and Tencent Cloud seal strategic alliance to promote the development and commercial deployment of Robotaxis

International. This alliance aims to advance the development of autonomous driving technology and accelerate the commercial implementation of its Robotaxi services.

AutoAméricas Show 2026 moves to the Dominican Republic: the key event of the automotive sector changes venue

AutoAméricas Show 2026 moves to the Dominican Republic: the key event of the automotive sector changes venue

Dominican Republic. For the first time, the AutoAmericas Show – a benchmark event for the auto parts and automotive services industry in Latin America and the Caribbean – will be held in the...

Registration open! Medellín will host the first Repintado Days, an event with a Latin stamp dedicated to automotive refinishing

Registration open! Medellín will host the first Repintado Days, an event with a Latin stamp dedicated to automotive refinishing

Colombia. You can now secure your place for Repintado Days, the new event specialized in automotive refinishing that will take place on June 19 in Medellín, and which seeks to consolidate itself as...

Volex begins construction of its new plant in San Luis Potosí

Volex begins construction of its new plant in San Luis Potosí

Mexico. With a symbolic ceremony, Volex gave the starting signal for the construction of its new plant in San Luis Potosí, in a ceremony held on the morning of Monday, April 21, on Manuel Gómez...

The aftermarket for electric vehicles will reach $195 billion by 2035

The aftermarket for electric vehicles will reach $195 billion by 2035

United States. The global aftermarket for electric and hybrid vehicles (xEVs) reached a value of $59 billion in 2024 and is projected to grow to $195 billion by 2035, with a compound annual growth...

Suscribase Gratis
Remember Me
SUBSCRIBE TO OUR ENGLISH NEWSLETTER
SITE SPONSORS










LATEST NEWSLETTER
Monthly Newsletter