Valvoline Promotes Lori Flees To Succeed Sam Mitchell As CEO

RTTNews | 722 dagar sedan
Stocktwits
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.

Taggar: VVV
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Bank Of Japan Keeps Rate On Hold; Lifts Inflation Forecast On Rising Food Prices

Bank Of Japan Keeps Rate On Hold; Lifts Inflation Forecast On Rising Food Prices

The Bank of Japan maintained its interest rate but lifted its inflation outlook due to rising food prices, which had added expectations of an rate hike as soon as in October. The policy board unanimously decided to hold the uncollateralized overnight call rate to remain at around 0.5 percent.
RTTNews | 32 minuter sedan
Yen Rises After BoJ Rate Decision

Yen Rises After BoJ Rate Decision

The Japanese yen strengthened against other major currencies in the Asian session on Thursday, following the Bank of Japan's decision to increase its inflation forecast for the fiscal year while maintaining steady interest rates.
RTTNews | 44 minuter sedan
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 1h 9minuter sedan
European Economic News Preview: German Inflation, Unemployment Data Due

European Economic News Preview: German Inflation, Unemployment Data Due

Flash inflation and unemployment from Germany are due on Thursday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis releases Germany's ILO unemployment data and import price figures. Import prices are forecast to fall 1.6 percent on a yearly basis in June, following a 1.1 percent drop in May.
RTTNews | 3h 10minuter sedan
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, reversing some of the gains in the previous three sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,750 level, with weakness cross most sectors led by mining and energy stocks.
RTTNews | 4h 34minuter sedan
Asian Markets Mostly Lower On Tariff Worries

Asian Markets Mostly Lower On Tariff Worries

Asian stock markets are trading mostly lower on Thursday, following the mixed cues from Wall Street overnight, as traders remain cautious ahead of the final deadline of August 1 set by the US President Donald Trump for reaching trade deals with its trading partner countries. Trump hinted at higher tariffs on certain countries after the deadline. Asian markets closed mixed on Wednesday.
RTTNews | 4h 59minuter sedan
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