Management ChangeJul 23, 2026, 05:21 PM
Valvoline Elects Katherine Fogertey and Scott Mezvinsky to Board
AI Summary
Valvoline Inc. announced the election of Katherine Fogertey and Scott Mezvinsky to its Board of Directors, effective July 22, 2026. Ms. Fogertey, former CFO of Shake Shack, will join the Audit Committee, while Mr. Mezvinsky, CEO of KFC Division of Yum! Brands, will serve on the Governance & Nominating Committee. Both will receive standard non-employee director compensation, including a $100,000 annual cash retainer and $135,000 in annual equity, with pro-rated RSU awards valued at $70,644 granted.
Key Highlights
- Valvoline elected Katherine Fogertey and Scott Mezvinsky to its Board of Directors.
- Appointments were effective July 22, 2026.
- Ms. Fogertey will serve on the Board's Audit Committee.
- Mr. Mezvinsky will serve on the Board's Governance & Nominating Committee.
- Non-employee directors receive an annual cash retainer of $100,000.
- Non-employee directors receive an annual equity retainer of $135,000 in restricted stock units.
- Pro-rated RSU awards for new directors had a grant date value of $70,644.
- RSUs will vest on July 22, 2027, subject to continuous service.
Price Impact
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