PRESIDENT, AFTON CHEMICAL, RICHMOND
Virginia Business //September 2, 2025//
PRESIDENT, AFTON CHEMICAL, RICHMOND
Virginia Business //September 2, 2025//
Paliotti has been president of Afton Chemical since 2023, after having joined the company in 2008 as operations finance director and working for its parent company, NewMarket, as senior finance director. Afton develops and manufactures lubricant and fuel additive packages and markets and sells the products globally.
Afton maintains operations in North America, Europe, Asia, Africa and South America. The company has about 450 employees in research, development and testing. In 2024, the company began developing new engine-oil products for passenger cars and commercial trucks.
Paliotti later became the company’s vice president and chief financial officer before being tapped for the top spot. Before joining Afton, he worked for Lenel Systems International and Eastman Kodak in finance.
NewMarket reported about $2.63 billion in sales for petroleum additives in 2024, compared with
$2.69 billion in 2023.
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 Pennsylvania.
He will sit on the board of directors for the American Chemistry Council through 2027.