NewMarket Corporation (NYSE: NEU) announced today that William J. Skrobacz will retire from his position as Vice President and Chief Financial Officer, effective December 31, 2024. Mr. Skrobacz has been with the Company for over 13 years, holding various finance and accounting roles, including Senior Manager of Business Assurance and Principal Accounting Officer. He was appointed CFO in January 2023.
Teddy Gottwald, President & CEO, expressed gratitude for Mr. Skrobacz’s dedicated service, stating, “Bill has excelled in every role at NewMarket and provided calm, steady leadership during challenging times.”
Effective January 1, 2025, Timothy K. Fitzgerald will succeed Mr. Skrobacz as CFO. Mr. Fitzgerald joined the Company nearly ten years ago as Operations Finance Director and has over 20 years of finance and accounting experience. He was appointed Treasurer and Finance Director in January 2024.
Gottwald remarked on Mr. Fitzgerald’s strengths, saying, “Tim has focused on building teams and solid financial planning. He is well-equipped to lead us into the future.”
NewMarket Corporation operates through its subsidiaries Afton Chemical Corporation, Ethyl Corporation, and American Pacific Corporation. Afton and Ethyl manufacture chemical additives for petroleum products, while AMPAC produces specialty materials for solid rocket motors in aerospace and defense. The Company is committed to its people, safety, innovation, and making a positive impact in the world.
