Tag: Afton Chemical

In January, Paliotti took over as Afton Chemical’s president, succeeding Gina Harm, who retired at the end of 2022. A subsidiary of Richmond-based NewMarket, Afton Chemical produces and sells petroleum additives.

Paliotti has worked for NewMarket since 2008, most recently as its vice president and chief financial officer. He previously worked in finance roles for Lenel Systems International and Eastman Kodak.

In announcing Harm’s retirement and Paliotti’s promotion, NewMarket President and CEO Teddy Gottwald said in a statement, “[Paliotti] has extensive market knowledge, a strong financial background and an energetic, results-oriented leadership style that
will lead us into the future.”

In fiscal year 2022, NewMarket reported net income of $279.5 million, and the company sold $2.75 billion in petroleum additives in 2022.

Paliotti is a graduate of Harvard Business School’s general management program and has an MBA from Robert Morris University. In June, he was elected to a one-year term on the American Chemistry Council board that will begin Jan. 1, 2024.