Bulletin
Investor Alert

New York Markets Close in:

Market Pulse Archives

Dec. 2, 2021, 10:26 a.m. EST

Valvoline to appoint board members with expertise in EVs, autonomous transportation

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Valvoline Inc. (VVV)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Valvoline Inc. /zigman2/quotes/203583380/composite VVV -1.81% said Thursday that it was conducting a search to appoint one or more new members to its board of directors with "significant experience" in electric vehicles, energy transition and/or autonomous transportation. The company is looking to identify a candidate or candidates by May 1, 2022. The vehicle care products company's stock rose 2.4% in morning trading. Valvoline said it has held "constructive discussions" with Chicane Capital Management LP, the investment manager of shareholder Chicane Opportunities Fund LP, about board composition as the company looks to separate its retail services and global products businesses. "We value the perspectives of our shareholders and appreciate the constructive discussions that we've had with Chicane Capital," said Valvoline Chairman Steve Kirk. "We applaud Valvoline's commitment to add new voices to the boardroom," said Chicane Capital Managing Partner Georgina Russell. Valvoline's stock has rallied 50.1% year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.45% has gained 21.0%.

/zigman2/quotes/203583380/composite
US : U.S.: NYSE
$ 34.90
-0.64 -1.81%
Volume: 487,094
Jan. 18, 2022 3:12p
P/E Ratio
15.27
Dividend Yield
1.43%
Market Cap
$6.40 billion
Rev. per Employee
$304,184
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,595.13
-67.72 -1.45%
Volume: 1.83B
Jan. 18, 2022 3:12p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.