Valvoline Announces CEO Transition

Aug 21, 2023

Sam Mitchell is retiring as CEO and a member of the board of directors of Valvoline Inc., effective Sept. 30. Mitchell has been the company’s chief executive officer and a director since 2016. He joined Valvoline, then a division of Ashland Inc., in 1997 as director of marketing for the Valvoline brand management group.

Lori Flees, president of retail services, will succeed Mitchell as the company’s CEO and will join the board. Flees, who has been president of retail services for the past year, will continue in her role as president in addition to serving as Valvoline’s chief executive.

Flees joined Valvoline in 2022 after nearly a decade with Walmart, where she was a senior vice president and COO of its health and wellness division. Prior to that, Flees spent 17 years with Bain & Company in consumer services, consumer packaged goods, engineering and construction, industrial manufacturing, and oil and gas. Early in her career, Flees worked at Intel and General Motors.

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