NewMarket Corporation announced today that William J. Skrobacz will be stepping down from his position as Vice President and Chief Financial Officer, effective December 31, 2024, as he plans to retire in 2025. Over the course of more than 13 years with the company, Mr. Skrobacz has held various finance and accounting positions of increasing responsibility, culminating in his appointment as Vice President and CFO in January 2023. His previous roles included Senior Manager of Business Assurance, Controller Designate, Principal Accounting Officer, and Controller.
Teddy Gottwald, President & CEO of NewMarket, expressed gratitude for Mr. Skrobacz’s years of service, saying, “Bill has been an invaluable member of our leadership team, excelling in every role he’s held. He played a key role in building and leading our finance and accounting organization and has provided calm, steady leadership during challenging times. I’m deeply thankful for his dedication and expertise.”
Mr. Gottwald added, “The entire NewMarket family of companies has been fortunate to benefit from Bill’s leadership over the years.”
The company also announced that Timothy K. Fitzgerald will succeed Mr. Skrobacz as Vice President and Chief Financial Officer, starting January 1, 2025. Mr. Fitzgerald, 47, has been with NewMarket for nearly 10 years, initially joining as Operations Finance Director. He has over 20 years of experience in finance and accounting and was appointed Treasurer and Finance Director in January 2024.
“I am thrilled to have Tim step into the CFO role,” said Mr. Gottwald. “Throughout his time with us, he has excelled at building teams, developing talent, and driving financial planning and analysis. With his strong financial background and thorough approach, Tim is well-prepared to lead us into the future, and I am confident we will continue to thrive under his leadership.”
NewMarket Corporation operates through its subsidiaries, Afton Chemical Corporation, Ethyl Corporation, and American Pacific Corporation (AMPAC). Afton and Ethyl focus on developing and delivering chemical additives that enhance the performance of petroleum products, while AMPAC manufactures specialty materials used in solid rocket motors for the aerospace and defense industries. The NewMarket family of companies is committed to innovation, safety, and making a positive impact on the world.
