diff --git a/.travis.yml b/.travis.yml
index ed73980197612..20b2253bab596 100644
--- a/.travis.yml
+++ b/.travis.yml
@@ -17,7 +17,7 @@ compiler:
   - gcc
 env:
   global:
-    - WIDEMUL=auto  BIGNUM=auto  ENDOMORPHISM=no  STATICPRECOMPUTATION=yes  ECMULTGENPRECISION=auto  ASM=no  BUILD=check  WITH_VALGRIND=yes  EXTRAFLAGS=  HOST=  ECDH=no  RECOVERY=no SCHNORRSIG=no EXPERIMENTAL=no CTIMETEST=yes BENCH=yes ITERS=2
+    - WIDEMUL=auto  BIGNUM=auto  ENDOMORPHISM=no  STATICPRECOMPUTATION=yes  ECMULTGENPRECISION=auto  ASM=no  BUILD=check  WITH_VALGRIND=yes RUN_VALGRIND=no EXTRAFLAGS=  HOST=  ECDH=no  RECOVERY=no SCHNORRSIG=no EXPERIMENTAL=no CTIMETEST=yes BENCH=yes ITERS=2
   matrix:
     - WIDEMUL=int64   RECOVERY=yes
     - WIDEMUL=int64   ECDH=yes  EXPERIMENTAL=yes SCHNORRSIG=yes
@@ -36,8 +36,8 @@ env:
     - CFLAGS=-O0 CTIMETEST=no
     - ECMULTGENPRECISION=2
     - ECMULTGENPRECISION=8
-    - VALGRIND=yes ENDOMORPHISM=yes BIGNUM=no ASM=x86_64 EXPERIMENTAL=yes ECDH=yes  RECOVERY=yes EXTRAFLAGS="--disable-openssl-tests" CPPFLAGS=-DVALGRIND BUILD=
-    - VALGRIND=yes                  BIGNUM=no ASM=x86_64 EXPERIMENTAL=yes ECDH=yes  RECOVERY=yes EXTRAFLAGS="--disable-openssl-tests" CPPFLAGS=-DVALGRIND BUILD=
+    - RUN_VALGRIND=yes ENDOMORPHISM=yes BIGNUM=no ASM=x86_64 EXPERIMENTAL=yes ECDH=yes  RECOVERY=yes EXTRAFLAGS="--disable-openssl-tests" BUILD=
+    - RUN_VALGRIND=yes                  BIGNUM=no ASM=x86_64 EXPERIMENTAL=yes ECDH=yes  RECOVERY=yes EXTRAFLAGS="--disable-openssl-tests" BUILD=
 matrix:
   fast_finish: true
   include:
diff --git a/contrib/travis.sh b/contrib/travis.sh
index db0421abf3691..5974c364815cc 100755
--- a/contrib/travis.sh
+++ b/contrib/travis.sh
@@ -25,7 +25,7 @@ if [ -n "$BUILD" ]
 then
     make -j2 "$BUILD"
 fi
-if [ "$VALGRIND" = "yes" ]
+if [ "$RUN_VALGRIND" = "yes" ]
 then
     make -j2
     # the `--error-exitcode` is required to make the test fail if valgrind found errors, otherwise it'll return 0 (http://valgrind.org/docs/manual/manual-core.html)
@@ -34,7 +34,7 @@ then
 fi
 if [ "$BENCH" = "yes" ]
 then
-    if [ "$VALGRIND" = "yes" ]
+    if [ "$RUN_VALGRIND" = "yes" ]
     then
         # Using the local `libtool` because on macOS the system's libtool has nothing to do with GNU libtool
         EXEC='./libtool --mode=execute valgrind --error-exitcode=42'