BNET Industries

NewMarket Corp.

(NEU) is in the Manufacturing Industry

Market Cap:$1.5B
Last Fiscal Year Sales:$1.6B
  • Public
  • US
Dow Jones Description

NewMarket Corporation (NewMarket) (NYSE:NEU) is a holding company which is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development). Each of our subsidiaries manages its own assets and liabilities. Afton encompasses the petroleum additives business, while Ethyl represents the sale and distribution of tetraethyl lead (TEL) in North America and certain petroleum additives manufacturing operations. NewMarket Development manages the property and improvements that we own in Richmond, Virginia. NewMarket Services provides various administrative services to NewMarket, Afton, Ethyl, and NewMarket Development. NewMarket Services departmental expenses and other expenses are billed to NewMarket and each subsidiary pursuant to services agreements between the companies. References in this Annual Report on Form 10-K to we, our, and NewMarket are to NewMarket Corporation and its subsidiaries on a consolidated basis, unless the context indicates otherwise. As a specialty chemicals company, Afton develops, manufactures, and blends highly formulated fuel and lubricant additive packages, and markets and sells these products worldwide. Afton is one of the largest global suppliers of lubricant additives and offers a broad line of fuel additives worldwide. ...

Number of Employees 1,280
Contact Information

330 S 4th St

Richmond, Virginia 23219-4350

newmarket.com

(804) 788-5000

NAICS Code All Other Basic Organic Chemical Manufacturing: 325199

Recent Events

  • UPDATE 1-NewMarket posts strong Q3 results; shares rise

    10/22/09 - Financial Announcement - View Story

  • NewMarket Corporation Declares Increased Quarterly Dividend

    10/22/09 - Stock Split / Dividend - View Story

  • NewMarket Corporation Schedules Conference Call and Webcast to Review Third Quarter 2009 Financial Results

    9/29/09 - Financial Announcement - View Story

  • NewMarket Corporation Reports Second Quarter and First Half 2009 Results

    7/28/09 - Financial Announcement - View Story

News & Analysis

newmarket corp. and seeking alpha - All News and Analysis

Decision Makers

Name (plus bio) Position
Thomas E. Gottwald President
Alex McLean Senior Vice President Afton Chemical Corp
Bruce R. Hazelgrove Vice Presidentcorporate Resources
D.A. Fiorenza Vice President & Treasurer
David A. Fiorenza Vice President and Treasurer (Principal Financial Officer)
Steven M. Edmonds Vice President,General Counsel
Marianne Small Founder
Seawright Homes Manager
Wayne C. Drinkwater Controller (Principal Accounting Officer)
Alan Toussaint
Andrea McDowell Poehler City Attorney
M. Rudolph West Secretary
Philip J Rauch
Tom Mitchell Teacher
James E. Rogers Director
Joseph M. Silvestri Director
Rudolph West Secretary

Board of Directors

Name (plus bio) Position
Bruce C. Gottwald Chair of Board
Charles B. Walker Chairman
Philip Verges Chairman
C.B. Walker Board of Directors
Gilbert M. Grosvenor Board of Directors
J.E. Rogers Board of Directors
Mark M. Gambill Board of Directors
Patrick D. Hanley Board of Directors
Phyllis L. Cothran Board of Directors
S.B. Scott Board of Directors
William W. Berry Board of Directors

Organization Position Status
Newmarket Corporation President Current
Newmarket Corporation President, Chief Executive Officer and Director Current
Newmarket Corporation Board of Directors Current

Organization Position Status
Newmarket Corporation Senior Vice President Afton Chemical Corp Current

Organization Position Status
Newmarket Corporation Vice Presidentcorporate Resources Current

Organization Position Status
Newmarket Corporation Vice President & Treasurer Current

Organization Position Status
Newmarket Corporation Vice President and Treasurer (Principal Financial Officer) Current
Newmarket Corporation Treasurer (Principal Financial Officer Former

Organization Position Status
Newmarket Corporation Vice President,General Counsel Current

Marianne Small has suffered from Obsessive Compulsive Disorder (OCD) most of her adult life. She is acutely aware of the need for public awareness about OCD and is devoting her time and energy to increasing awareness about this crippling disorder which affects between 2 and 4 per cent of the population. Marianne is also the founder of the Newmarket (Ontario) Obsessive Compulsive Disorder Support Group.

Organization Position Status
Newmarket Corporation Founder Current
Greg Small Current

As manager for The Orchard at New Market LLC, Seawright Homes LLC brings to bear 33 years of experience building communities particularly well attuned to their physical surroundings, while achieving award-winning recognition for the quality of its land planning, landscape architecture and preservation of native plant material. The Orchard at New Market marks the fourth collaboration between Seawright Homes and Boulder, Colorado-based architect Downing, Thorpe & James (DTJ). The architects at DTJ are exceptional designers of homes that are both imaginative and functional. The partners and associates at DTJ stand apart from their peers in their unique ability to visualize how a home's exterior shape, color and texture should relate to other homes so as to create a visually harmonious community.

Organization Position Status
Newmarket Corporation Manager Current
The Orchard At New Market, LLC Current

Organization Position Status
Newmarket Corporation Controller (Principal Accounting Officer) Current

Alan has tremendous experience in land sales and new homes marketing and, as a Robinson and Hall partner, is growing this new area for the firm throughout East Anglia. His vast client base has been cultivated over the past 30 years with a focus on the highest level of customer care and practical advice. As a result, many local builders and national developers come back to use his expert services time and time again. A Colchester man, Alan lives locally in a village on the upper reaches of the River Colne. As a keen sportsman, in his younger days he played competitive rugby for the Endsleighans. Today he is an ardent horseracing fan, and is frequently spotted at Newmarket.

Organization Position Status
Robinson & Hall Llp Head of Land and New Homes Current
Newmarket Corporation Current

Array

Organization Position Status
Newmarket Corporation City Attorney Current
William Mitchell College of Law member Former
William Mitchell College of Law editor Former
Minnesota Court of Appeals Former
William Mitchell Law Review Former
St. Olaf College Former

Organization Position Status
Newmarket Corporation Secretary Current
Newmarket Corporation Secretary Current

Organization Position Status
Newmarket Latin America, Inc. CFO & Secretary Current
Newmarket Technology, Inc. Chief Financial Officer and Board Member Current
IP Global Voice, Inc. Chief Financial Officer and Board Member Current
Newmarket Corporation Current
American Management Association Board of Directors Current
Construction Financial Management Association Board of Directors Current
American Management Association Member Current
Columbus Construction Company Cfo Former
Defense Technology Systems, Inc. Chief Operating Officer and Chief Financial Officer Former
AboveNet, Inc. Vice President of Business Operations Former
Columbus Construction Company Vice President Former
Newmarket Technology, Inc. Chief Financial Officer & Director Former
Newmarket Latin America, Inc. Board of Directors Former

Array

Organization Position Status
Newmarket Corporation Teacher Current
Kronodynamics Current
Fryo Current
Asbury Theological Seminary Master of Arts Degree Former

Organization Position Status
Newmarket Corporation Chair of Board Current
Newmarket Corporation Director Current

Organization Position Status
Newmarket Corporation Chairman Current

As Chief Executive Officer and Chairman of NewMarket, Mr. Verges brings a wealth of business and technology experience and leadership to the Company. In his first foray into the role of entrepreneur, Mr. Verges founded VergeTech International (VTI) in 1997, a firm that specialized in leading edge technology services. After merging VTI with IPVoice Communications in 2002, Mr. Verges developed and implemented the Company's new business strategy of launching market-entry technology advancements into early and mainstream technology products and services through established Systems Integration relationships. Thus was born NewMarket Technology, Inc. Since that time, Mr. Verges has been instrumental in NewMarket's successful acquisition of technology-based companies in North America, Asia and Latin America. A graduate of the U.S. Military Academy at West Point, Mr. Verges served with distinction in a wide variety of important engagements to include research and development of counter terrorism communication technologies and practices. After fulfilling his post-graduate military duties for the United States, Mr. Verges elected to pursue the private sector and was honorably discharged with the rank of captain. Mr. Verges' early career after the Army was spent with Electronic Data Systems (EDS) in the Computer Sciences Research and Development Department of General Motors. Mr. Verges' first business start-up experience was with EDS in a new division concentrating on call center technology in financial institutions. He later added to this experience with the task of opening an entirely new geographic region for a $30 million technology services business. Finally, with the launch of his own company in 1997, Mr. Verges accomplished professional independence. He grew his firm from $300,000 in first year sales to over $11 million in year four; growth funded primarily from operational income. After merging VTI into the now NewMarket Technology, Inc., Mr. Verges continued to grow the new company to over $50 million in annual sales. Dissatisfied with merely adapting to keep pace, he sought to pioneer by strategically positioning the Company to be at the forefront of identifying and marketing emerging technologies the world over. Today, NewMarket employs over 400 people in six countries, and services customers around the globe. In addition to leading NewMarket, Mr. Verges is also a sought after public speaker, delivering speeches throughout the year on topics ranging from emerging technologies to financial markets. Currently, Mr. Verges is also developing a book, which will be a guide to start-up financing for the high-tech entrepreneur. Outside of work, Mr. Verges, along with his wife of nearly 20 years, spends his time raising their five children.

Organization Position Status
Newmarket Technology, Inc. Chairman, Chief Executive Officer, Director Current
Newmarket Corporation Chairman Current
Enable Ipc Corporation Board of Directors Current
IP Global Voice, Inc. Chairman and Chief Executive Officer Former
Newmarket Corporation Chief Executive Officer Former
Newmarket Technology, Inc. Board of Directors Former
United States Military Academy Former

Organization Position Status
Newmarket Corporation Board of Directors Current

Organization Position Status
Newmarket Corporation Board of Directors Current

Organization Position Status
Newmarket Corporation Board of Directors Current

James E. Rogers, 61, has served as President of SCI Investors Inc, a private equity investment firm, since 1993. He also serves on the boards of directors of Wellman, Inc., Caraustar Industries, Inc., Cadmus Communications Inc. and New Market Corp. Mr. Rogers has been a director since 1991.

Organization Position Status
Owens & Minor Inc. Managing Director of Sci Investors Current
Caraustar Industries, Inc. Chairman Current
Wellman, Inc. Compensation Committee Chairman Current
Caraustar Industries, Inc. Board of Directors Current
Newmarket Corporation Director Current
Cadmus Communications Corporation Director Current
Wellman, Inc. Director Former
Owens & Minor Inc. Director Current
Owens & Minor Inc. Executive Committee Member Current
James River Corporation Senior Vice President Former
Owens & Minor Inc. Lead Director Former
James River Corporation Group Executive Former

Organization Position Status
Jet Information Services, Inc Managing Partner Current
Direct Alloys LLC Managing Partner Current
Court Square Capital Partners Managing Partner Current
Lamar Companies Current
Jet Information Services, Inc Board of Directors Current
Direct Alloys LLC Board of Directors Current
Newmarket Corporation Director Current
MacDermid, Incorporated Director Current
Worldspan Technologies Inc. Board of Directors Current
Southern Graphics Director Current
Southern Graphic Systems, Inc. Director Current
Southern Graphic Systems, Inc. Member Current
MacDermid, Incorporated President Former
Columbia Business School MBA Former
The Pennsylvania State University B.S. Former

Organization Position Status
Newmarket Corporation Board of Directors Current

Organization Position Status
Newmarket Corporation Board of Directors Current

Organization Position Status
Newmarket Corporation Board of Directors Current

Organization Position Status
Newmarket Corporation Secretary Current

Organization Position Status
Newmarket Corporation Board of Directors Current

Organization Position Status
Newmarket Corporation Board of Directors Current

Executive News

  • NewMarket Corporation Schedules Conference Call and Webcast to Review Second Quarter 2009 Financial Results

    Stockwatch - 7/15/09 - View Story

  • NewMarket Corporation Schedules Conference Call and Webcast to Review Second Quarter 2009 Financial Results

    Business Wire - 7/15/09 - View Story

  • MeadWestvaco building nears completion in Richmond

    TradingMarkets - 7/05/09 - View Story

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     NEU $104.72 -3.27 (-3.03% )
Average Volume 163,098
Shares Outstanding 15.21M
Market Cap 1.6B
Year High 112.99
Year Low 27.82
Earnings Per Share 8.87
P/E Ratio 11.81
Dividend 1.00
Yield 0.95
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