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Afton President Regina Harm to retire, successor named

Afton President Regina Harm to retire, successor named
Photo courtesy of Afton Chemical

Brian D. Paliotti has been appointed president of Afton Chemical Corporation, one of the four largest fuel and lubricant additive companies in the world, effective January 1, 2023.

Paliotti, who has worked for Aftonโ€™s parent NewMarket Corporation since 2008 serving in a variety of finance roles, most recently as vice president and chief financial officer.

Regina Anne Harm, who is currently president of Afton Chemical, will step down from her role effective December 31, 2022, as she intends to retire in 2023. Harm has worked for Afton Chemical for more than 15 years. She has served in a variety of areas of increasing responsibility during this time, culminating in the role of president in 2018. Prior to becoming president, her roles included: vice president, Lube Additive Business Worldwide; VP, Performance Additives; VP, Supply; and, senior VP and chief operating officer.

โ€œGina excelled in every role and, perhaps most notably, built strong and capable teams in every instance. I am grateful to Gina for all her good work, leading Afton through some very challenging times. During her tenure as president, we have seen an incredible string of unusual events: fires and freezes at our suppliersโ€™ plants which caused unprecedented supply disruption; the worldwide Covid pandemic; ongoing supply chain challenges from the pandemic; and more recently, inflation, war and sanctions. Throughout this time, she has provided calm, steady leadership that has allowed Afton to prosper and grow,โ€ said Teddy Gottwald, president and CEO of Richmond, Virginia, U.S.A.-based NewMarket Corporation.

He continued: โ€œI am extremely excited about this opportunity for Brian. Throughout his time with our company, Brian has focused on building teams, developing people, and pursuing cost-savings initiatives. He has extensive market knowledge, a strong financial background, and an energetic, results-oriented leadership style that will lead us into the future. Brian will remain focused on executing our short and long term plans in pursuit of our objectives, and we can look forward to our continued success under his direction.โ€

NewMarket Corporation, through its subsidiaries Afton Chemical Corporation and Ethyl Corporation, develops, manufactures, blends, and delivers chemical additives that enhance the performance of petroleum products.