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NewMarket Corporation (NEU)

NYSE - NYSE Delayed price. Currency in USD
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634.62+5.04 (+0.80%)
At close: 04:00PM EDT
634.62 0.00 (0.00%)
After hours: 04:05PM EDT

NewMarket Corporation

330 South Fourth Street
Richmond, VA 23219-4350
United States
804 788 5000
https://www.newmarket.com

Sector(s)Basic Materials
IndustrySpecialty Chemicals
Full-time employees2,000

Key executives

NameTitlePayExercisedYear born
Mr. Thomas E. GottwaldChairman, President & CEO1.98MN/A1961
Mr. William J. SkrobaczVP & CFO670kN/A1960
Mr. Bruce R. Hazelgrove IIIExecutive VP & Chief Administrative Officer1.08MN/A1961
Mr. Bryce Dickinson Jewett IIIVP & General Counsel963.78kN/A1975
Mr. Brian D. PaliottiPresident of Afton Chemical Corporation1.11MN/A1977
Ms. Gail C. RidgewayPrincipal Accounting Officer & ControllerN/AN/A1975
Mr. Cameron D. Warner Jr.TreasurerN/AN/A1959
Ms. Anne-Marie AndersonSecretaryN/AN/AN/A
Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils. It also provides fuel additives that are used to enhance the oil refining process and the performance of gasoline, diesel, biofuels, and other fuels to industry, government, original equipment manufacturers, and individual customers. In addition, the company engages in the marketing of antiknock compounds, as well as contracted manufacturing and services activities; and owns and manages a real property in Virginia. It operates in North America, Latin America, Asia Pacific, Europe, the Middle East, Africa, and India. NewMarket Corporation was founded in 1887 and is headquartered in Richmond, Virginia.

Corporate governance

NewMarket Corporation’s ISS governance QualityScore as of 1 March 2024 is 4. The pillar scores are Audit: 8; Board: 7; Shareholder rights: 2; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.