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News & Insights

Valvoline Inc.’s Pursuit of the Separation of its Retail Services and Global Product Businesses

October 12, 2021

On October 12, 2021, Valvoline Inc., a global leader in vehicle care, announced that it is accelerating its continued transformation by pursuing a separation of its two business segments, Retail Services and Global Products. Cravath is representing Valvoline Inc. in connection with the transaction. No timetable has been established for the completion of the separation, and Valvoline does not intend to disclose further developments with respect to this process, unless and until its Board approves a specific transaction or action.

The Cravath team is led by partners Robert I. Townsend III, Andrew J. Pitts and D. Scott Bennett and includes associates Claudia Ricciardi and Ellen H. Park on corporate matters, partner J. Leonard Teti II, senior attorney Kiran Sheffrin and associate Cecily Xi on tax matters, and partner Jonathan J. Katz, practice area attorney Aaron S. Cha and associate Brendon J. Rivard on executive compensation and benefits matters. Benjamin B. Arcano also worked on corporate matters.

Related Practices & Industries

  • Corporate
  • Mergers and Acquisitions
  • Capital Markets
  • Tax
  • Executive Compensation and Benefits
  • Industrials and Chemicals
  • Consumer Products and Services

People

Photo
Name
Robert I. Townsend III
Title
Corporate
Title
Partner
Email
rtownsend@cravath.com
Phone
+1-212-474-1964
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    Education

    • J.D., 1990, Harvard Law School
      magna cum laude
    • A.B., 1987, Harvard College
      magna cum laude

    Admitted In

    • New York
    Photo
    Name
    Andrew J. Pitts
    Title
    Corporate
    Title
    Partner
    Email
    apitts@cravath.com
    Phone
    +1-212-474-1620
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      Education

      • M.B.A., 1995, Boston University
        with High Honors
      • J.D., 1994, Boston University School of Law
        summa cum laude
      • B.A., 1988, Trinity College

      Admitted In

      • New York
      Photo
      Name
      D. Scott Bennett
      Title
      Corporate
      Title
      Partner
      Email
      sbennett@cravath.com
      Phone
      +1-212-474-1132
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        Education

        • J.D., 2006, Emory University School of Law
        • B.A., 2002, Duke University

        Admitted In

        • New York
        Photo
        Name
        Claudia J. Ricciardi
        Title
        Corporate
        Title
        Partner
        Email
        cricciardi@cravath.com
        Phone
        +1-212-474-1035
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          Education

          • J.D., 2015, Harvard Law School
            cum laude
          • B.A., 2012, University of Pennsylvania
            Phi Beta Kappa, summa cum laude

          Admitted In

          • New York
          Photo
          Name
          J. Leonard Teti II
          Title
          Tax
          Title
          Partner
          Email
          lteti@cravath.com
          Phone
          +1-212-474-1896
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            Education

            • J.D., 2005, University of Virginia School of Law
              Order of the Coif
            • A.B., 1999, Princeton University
              with Honors

            Admitted In

            • New York
            Photo
            Name
            Jonathan J. Katz
            Title
            Executive Compensation and Benefits
            Title
            Partner
            Email
            jkatz@cravath.com
            Phone
            +1-212-474-1538
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              Education

              • LL.M., 2013, New York University School of Law
              • J.D., 2007, Benjamin N. Cardozo School of Law
                Order of the Coif, Dean's Distinguished Scholar, summa cum laude
              • B.S., 2003, Cornell University

              Admitted In

              • New York
              Photo
              Name
              Kiran Sheffrin
              Title
              Tax
              Title
              Of Counsel
              Email
              ksheffrin@cravath.com
              Phone
              +1-212-474-1842
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                Education

                • J.D., 2013, Brooklyn Law School
                  magna cum laude
                • B.A., 2010, Wesleyan University

                Admitted In

                • New York
                Photo
                Name
                Aaron S. Cha
                Title
                Executive Compensation and Benefits
                Title
                Senior Attorney
                Email
                acha@cravath.com
                Phone
                +1-212-474-1944
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                  Education

                  • LL.M., 2013, New York University School of Law
                  • J.D., 2012, Loyola Law School Los Angeles
                  • B.S., 2004, University of California, San Diego

                  Admitted In

                  • New York
                  • California

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