Featured Company News – Valvoline’s Chairman Steps down; Stephen F. Kirk to be Appointed as New Chairman

LONDON, UK / ACCESSWIRE / October 2, 2017 / Pro-Trader Daily looks at the latest corporate events and news making the headlines for Valvoline Inc. (NYSE: VVV), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=VVV. The Company had announced on September 29, 2017, that William A. Wulfsohn, who served as Valvoline’s founding chairman during its initial year as a public company, stepped aside from his position as Chairman of the Board as of September 30, 2017, Valvoline’s fiscal year-end. Wulfsohn also stated he will not stand for re-election at the Valvoline’s 2018 annual shareholder meeting. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on VVV. Go directly to your stock of interest and access today’s free coverage at:

http://protraderdaily.com/optin/?symbol=VVV

About Wulfsohn

Wulfsohn is Chairman and Chief Executive Officer of Ashland Global Holdings Inc., Valvoline’s former parent Company. Wulfsohn joined Valvoline’s Board last year to guide Valvoline through its separation from Ashland Global Holdings Inc. (NYSE: ASH) and first year as a publicly traded Company. Wulfsohn’s announcement that he will step aside as Chairman and later retire from his Board’s position at Valvoline comes one year following Valvoline’s initial public offering in September 2016.

“I joined the Valvoline’s Board to assist the company through its transition from a longtime commercial unit of Ashland to a separate, publicly traded company,” Wulfsohn said, “Here on the first anniversary of Valvoline’s IPO and the end of its first fiscal year, it is clear that Valvoline has fully transitioned and is functioning well as a public company separate and apart from Ashland. The time is right for me to step aside and watch Valvoline thrive in this new chapter of its history.”

Valvoline and its Board were extremely appreciative of Wulfsohn’s contribution to Valvoline’s early success as a separate and independent Company. Valvoline CEO Sam Mitchell said:

“Working with Bill on the separation of Valvoline from Ashland has been a pleasure, and having his support during this first year as a public company has been invaluable. We’re in a strong position to build on the foundation that Bill helped put in place.”

Announces Replacement

Valvoline’s Board unanimously named Stephen F. Kirk to replace Wulfsohn as Board Chairman. Kirk has served as an independent director on Valvoline’s Board and is the chair of Valvoline’s compensation committee. Kirk served in an executive role at the Lubrizol Corporation from 1992 until his retirement in 2011. He also previously served on the boards of Ashland Global Holdings and Robbins & Myers, Inc.

Kirk said:

“On behalf of the Valvoline’s Board, I thank Bill for his service and leadership. Valvoline is off to an exceptional start because of the leadership that Bill provided in our pivotal first year. I look forward to serving as Valvoline’s Chairman and guiding the company as it continues grow and prosper into the future.”

About Valvoline

Valvoline is a leading worldwide producer and distributor of premium branded automotive, commercial, and industrial lubricants, and automotive chemicals. Valvoline ranks as the #2 quick-lube chain by a number of stores and #3 passenger car motor oil brand in the DIY market by volume in the United States. The brand operates and franchises more than 1,070 Valvoline Instant Oil Change℠ centers in the US. It also markets Valvoline™ lubricants and automotive chemicals; MaxLife™ lubricants created for higher-mileage engines; SynPower™ synthetic motor oil; and Zerex™ antifreeze.

Last Close Stock Review

On Friday, September 29, 2017, the stock closed the trading session at $23.45, slightly dropping 0.59% from its previous closing price of $23.59. A total volume of 738.23 thousand shares have exchanged hands. Valvoline’s stock price advanced 9.84% in the last one month. Furthermore, since the start of the year, shares of the Company have gained 9.07%. The stock is trading at a PE ratio of 18.48 and has a dividend yield of 0.85%. The stock currently has a market cap of $4.78 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 476783