Valvoline Promotes Lori Flees To Succeed Sam Mitchell As CEO

RTTNews | 1140 days ago
Valvoline Promotes Lori Flees To Succeed Sam Mitchell As CEO

(RTTNews) - Valvoline Inc. (VVV), a preventive automotive maintenance company, announced Wednesday that Sam Mitchell is retiring as Chief Executive Officer and a member of the Board of Directors, effective September 30, 2023.

Mitchell will be succeeded by Lori Flees, current President of Retail Services since April 2022, as the Company's Chief Executive Officer. Flees will also join the Company's Board. She will continue in her role as President, in addition to serving as the Company's CEO.

Flees started her career in the automotive industry 35 years ago within General Motor's GMC Truck division. After 17 years at Bain & Co., a global strategy consulting firm, Flees spent nearly a decade at Walmart where most recently she led all aspects of Walmart's Health & Wellness business across more than 4,800 locations.

She joined Walmart to lead corporate strategy and development, and later moved into leadership roles that included the incubation of new retail capabilities via the deployment of emerging technologies, strategic partnership development with companies such as Google and Microsoft, and the leadership of the pharmacy and optical business of Sam's Club.

read more
Little Movement Seen For Malaysia Stock Market

Little Movement Seen For Malaysia Stock Market

The Malaysia stock market has moved higher in back-to-back sessions, collecting almost 20 points or 1.2 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,680-point plateau although it may be stuck in neutral on Wednesday.
RTTNews | 16 minutes ago
South Korea Stock Market May See Profit Taking

South Korea Stock Market May See Profit Taking

The South Korea stock market has finished higher in three straight sessions, accelerating more than 300 points or 4.2 percent along the way. The KOSPI now sits just above the 7,015-point plateau although investors may lock in gains on Wednesday.
RTTNews | 46 minutes ago
Indonesia Rate Decision On Tap For Wednesday

Indonesia Rate Decision On Tap For Wednesday

The central bank in Indonesia will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a busy day for Asia-Pacific economic activity. The benchmark lending rate (5.75 percent), deposit facility rate (4.75 percent) and the lending facility rate (6.50 percent) are all expected to be unchanged.
RTTNews | 1h 46min ago
Swiss Market Ends Flat After Choppy Session

Swiss Market Ends Flat After Choppy Session

The Switzerland stock market ended flat on Tuesday after a choppy ride, as the mood remained cautious with investors closely following geopolitical developments. Weak oil prices aided sentiment.
RTTNews | 5h 34min ago
Canadian Stocks Rise Again; TSX Hits Two-week High

Canadian Stocks Rise Again; TSX Hits Two-week High

The Canadian market is up firmly in positive territory on Tuesday, with the benchmark S&P/TSX Composite Index hitting a two-week high. Shopify surged 8.5% after saying that it was "partnering deeply" with Meta Platforms' Muse artificial intelligence agent.
RTTNews | 7h 22min ago
U.S. Stocks Likely To Open On Cautious Note

U.S. Stocks Likely To Open On Cautious Note

U.S. stocks look headed for a cautious start on Tuesday, as investors await some crucial geopolitical news for directional clues. Easing concerns about inflation following another sharp drop in oil prices could aid sentiment.
RTTNews | 11h 15min ago