NewMarket Announces the Retirement of the President of Afton Chemical Corporation and the Appointment of New President
October 31 2022 - 4:01PM
Business Wire
NewMarket Corporation (NYSE: NEU) (the “Company”) announced
today that Regina Anne Harm, President of Afton Chemical
Corporation (“Afton”), is stepping down from her role as President
of Afton effective December 31, 2022, as she intends to retire in
2023. Mrs. Harm has worked for Afton for over 15 years, and she has
served in a variety of areas of increasing responsibility during
this time, culminating in the role of President in 2018. Prior to
becoming President, her roles included: Vice President, Lube
Additive Business Worldwide, VP, Performance Additives, VP, Supply,
and Senior VP & Chief Operating Officer.
Teddy Gottwald, President & CEO of NewMarket, thanked Mrs.
Harm for her many years of dedicated service: “Gina excelled in
every role and, perhaps most notably, built strong and capable
teams in every instance. I am grateful to Gina for all her good
work, leading Afton through some very challenging times. During her
tenure as President, we have seen an incredible string of unusual
events: fires and freezes at our suppliers’ plants which caused
unprecedented supply disruption; the worldwide Covid pandemic;
ongoing supply chain challenges from the pandemic; and more
recently, inflation, war and sanctions. Throughout this time, she
has provided calm, steady leadership that has allowed Afton to
prosper and grow.”
Mr. Gottwald continued, “The entire NewMarket, Afton and Ethyl
family are fortunate to have had Gina’s dedicated leadership for
these many years.”
The Company also announced that Brian D. Paliotti will succeed
Gina Harm as President of Afton, effective January 1, 2023. Mr.
Paliotti has worked for NewMarket since 2008 serving in a variety
of finance roles, most recently as Vice President and Chief
Financial Officer.
Mr. Gottwald commented, “I am extremely excited about this
opportunity for Brian. Throughout his time with our Company, Brian
has focused on building teams, developing people, and pursuing
cost-savings initiatives. He has extensive market knowledge, a
strong financial background, and an energetic, results-oriented
leadership style that will lead us into the future. Brian will
remain focused on executing our short and long term plans in
pursuit of our objectives, and we can look forward to our continued
success under his direction.”
NewMarket Corporation, through its subsidiaries Afton Chemical
Corporation and Ethyl Corporation, develops, manufactures, blends,
and delivers chemical additives that enhance the performance of
petroleum products. From custom-formulated additive packages to
market-general additives, the NewMarket family of companies
provides the world with the technology to make engines run
smoother, machines last longer, and fuels burn cleaner.
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version on businesswire.com: https://www.businesswire.com/news/home/20221027006120/en/
FOR INVESTOR INFORMATION CONTACT: Brian D. Paliotti
Investor Relations Phone: 804.788.5555 Fax: 804.788.5688
Email: investorrelations@newmarket.com
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