Managing Through Change
Over his first three years as CPO, Caldwell navigated a perfect storm of organizational change: managing through a global pandemic, overseeing the sale of Valvoline's products business to Aramco (over half the company's revenue), and supporting a planned CEO transition. It was the kind of concentrated experience that typically takes a decade to accumulate.
The products’ business sale was particularly wrenching—roughly one-third of C-suite positions had to be filled, some internally, others externally. Employee unrest was real.
During this time, the company was focused on a clear three-pronged strategy: strengthen the core business, accelerate network growth, and prepare for the future. "During upheaval, clarity matters more than complexity," he explains.
But Caldwell and Valvoline leadership also understood that culture couldn’t be maintained through strategy alone. One of the first key moves was protecting Valvoline Inc.'s long-standing traditions, particularly the annual Oilympics competition, now in its 31st year. Each spring, teams from across 2,000+ service centers compete to execute the perfect service experience, starting from when a customer is greeted until the final goodbye wave.
"Traditions matter," Caldwell says. "They help you maintain culture, even though we're growing and adding team members every year." The competition serves dual purposes. It reinforces service standards and identifies high-potential talent. Employees on winning teams are often promoted to leadership roles.
It's telling that during one of the most turbulent periods in the company's history, leaders’ instincts weren’t to abandon tradition but to lean into it. The past provides stability, and the future requires growth. Caldwell and his colleagues understood the need for both.