By Colin Kellaher
Valvoline has hired Kevin Willis as its next chief financial officer.
Valvoline on Thursday said Willis, who currently serves as finance chief of Ashland, joins the Lexington, Ky., provider of auto-maintenance services on May 19 to succeed Mary Meixelsperger, who last year announced plans to retire.
Ashland earlier this week announced the pending departure of Willis, who has been its chief financial officer since 2013.
Valvoline said Willis, 59 years old, will receive an annual base salary of $650,000 and an annual bonus with a target of 75% of his base pay.
The company said Meixelsperger, who has been finance chief since 2016, will remain through a transition period.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
May 08, 2025 07:29 ET (11:29 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。