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PRESIDENT, AFTON CHEMICAL, RICHMOND
PRESIDENT, AFTON CHEMICAL, RICHMOND
Virginia Business// August 29, 2024//
Paliotti was named president of Afton Chemical in January 2023, succeeding Gina Harm, who retired at the end of 2022. The Richmond-based subsidiary of NewMarket produces and sells petroleum additives.
Before assuming his role at its subsidiary, Paliotti had been with NewMarket since 2008, most recently as its vice president and chief financial officer. Before, he worked in finance roles for Lenel Systems International and Eastman Kodak.
For fiscal 2023, NewMarket reported $388.9 million in net income, up from $279.5 million in 2022. The company reported almost $2.69 billion in net sales for petroleum additives, a decrease from $2.75 billion in 2022.
Paliotti completed his bachelor’s degree in business from Duquesne University’s Palumbo-Donahue School of Business in 1998. He is a graduate of Harvard Business School’s general management program and holds an MBA from Robert Morris University. In June, the American Chemistry Council extended his term on its board of directors through 2027.
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