NewMarket Corporation (NYSE: NEU) has appointed Mrs. Regina A. Harm as the President of Afton Chemical Corporation, a subsidiary of NewMarket. With over 30 years of experience in the chemical industry, including 11 years with Afton Chemical, Mrs. Harm brings a wealth of expertise to her new role. For the past three years, she has served as the Senior Vice President and Chief Operating Officer of Afton Chemical, overseeing procurement, engineering, manufacturing, logistics, and Research and Development functions.
Mrs. Harm succeeds Mr. Robert A. Shama, who has been appointed Vice President of Strategic OEMs (Original Equipment Manufacturers) for Afton Chemical. Mr. Teddy Gottwald, Chairman and CEO of NewMarket, expressed confidence in Mrs. Harm, stating, “There is an exciting opportunity ahead as Gina embeds her extensive knowledge of the market, strong leadership skills, and results-driven mindset to accelerate our growth strategy. We remain focused on our long-term objectives, and I look forward to our continued success under Gina’s direction.”
NewMarket Corporation, through its subsidiaries Afton Chemical Corporation and Ethyl Corporation, is a leading developer, manufacturer, blender, and distributor of chemical additives that enhance the performance of petroleum products. The company provides a range of technology solutions, from custom-formulated additive packages to market-general additives, aimed at improving engine performance, extending machine lifespan, and reducing emissions.
The company cautions that certain information in this press release constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While NewMarket’s management believes these expectations are based on reasonable assumptions, there is no assurance that actual results will not differ materially from expectations. Factors that could cause such differences include, but are not limited to, availability of raw materials and distribution systems, disruptions at manufacturing facilities, technological changes, intellectual property rights, workforce retention, environmental hazards, competition, raw material price fluctuations, customer relationships, extraordinary events, foreign operations, currency fluctuations, IT system failures, regulatory factors, and the integration of acquisitions. The company does not intend to update or revise forward-looking statements unless required by law.
For more information on these risk factors, shareholders can refer to the reports filed by NewMarket with the Securities and Exchange Commission, including the risk factors in Item 1A of the 2017 Annual Report on Form 10-K, available upon request. Investors should note that forward-looking statements speak only as of the date they are made, and the company does not undertake any obligation to update or revise them, given the unpredictability of future events.
