On July 13, 2021, Anthony R. Puckett informed Valvoline that he will retire as Senior Vice President and President, Retail Services of Valvoline Inc., effective no later than August 31, 2021 to pursue an opportunity with a privately-held company. The Company appreciates Mr. Puckett’s 35 years of service to Valvoline and wishes Mr. Puckett the best in his future endeavors. Valvoline will initiate an immediate search for Mr. Puckett’s successor to lead the Retail Services business and will consider both internal and external candidates. Matt Furcolo, Vice President of Operations for Valvoline’s Retail Services business, has been appointed as the Company’s interim Lead of Retail Services, effective as of Mr. Puckett’s retirement. Mr. Furcolo has been with Valvoline for 21 years and has led Valvoline’s Retail Services operations for 8 years.