2022 was a year of transformational change at Valvoline as we announced the sale of the global products business to Aramco which closed on March 1, 2023, setting up Valvoline’s Retail Services and Global Products businesses as separate independent companies. The Retail Services business will continue as Valvoline Inc. trading as VVV on the NYSE, while the Global Products business—now named Valvoline Global Operations —will continue to play an important role as our partner, providing the high-quality products synonymous with Valvoline. Today, as a pure-play automotive services company, we are focused on enhancing the preventive maintenance retail experience and poised to deliver even greater long-term shareholder value.
Though much has changed at Valvoline, our commitment to corporate social responsibility remains steadfast as we continue to lean on our core values—always doing things the right way. Our 2022 Corporate Social Responsibility (CSR) report features just some of the amazing work our team members put forth in the past year to help improve our communities and workplaces. Highlights from 2022 include:
Valvoline always welcomes feedback from our broad range of stakeholder groups— shareholders, team members, customers, suppliers, and neighbors—to help us better understand the diverse perspectives each brings to the table and to help us improve as a corporate citizen. I would like to extend a sincere thanks to the 10,000 Valvoline team members who helped ensure the position of the Retail Services business as a stand-alone company while remaining committed to making measurable improvements in our workplaces and communities. I’m confident as we embark on our new path forward that we will continue to conduct business with the best interests of all Valvoline stakeholders in mind.
Samuel J. Mitchell, Jr.
Chief Executive Officer
