NewMarket Announces the Election of Ting Xu as Director

Rhea-AI Summary

NewMarket Corporation (NYSE: NEU) announced the election of Ting Xu to its Board of Directors, effective February 24, 2022. Xu is the Founder and Chairwoman of Evergreen Enterprises, and the Chairwoman and Majority Owner of Plow & Hearth and Vivaterra. She will also serve on the Nominating & Corporate Governance and Compensation Committees. Chairman and CEO Thomas E. Gottwald expressed enthusiasm for her extensive business background and leadership experience. NewMarket develops chemical additives through its subsidiaries, enhancing the performance of petroleum products.

Positive

• Ting Xu brings extensive business experience and leadership to the Board.
• Her election may enhance corporate governance and strategic direction.

Negative

• None.

RICHMOND, Va.--(BUSINESS WIRE)-- NewMarket Corporation (NYSE: NEU) announced today that Ting Xu has been elected to the Board of Directors, effective February 24, 2022. Ms. Xu is the Founder and Chairwoman of Evergreen Enterprises (manufacturer and wholesaler of home and garden décor items), Chairwoman and Majority Owner of Plow & Hearth (multi-channel retailer of hearth, home and outdoor living items), and Chairwoman and Majority Owner of Vivaterra (multi-channel retailer of eco-friendly and globally-inspired décor). She also joins the Board’s Nominating & Corporate Governance Committee and its Compensation Committee. She will stand for re-election at the 2022 Annual Meeting of NewMarket Shareholders. “We are fortunate to have a person with Ting’s strong business background, leadership experience and shared values join our Board, and we look forward to benefiting from her experience and guidance in the future,” said Thomas E. Gottwald, Chairman and CEO of NewMarket.

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. From custom-formulated additive packages to market-general additives, the NewMarket family of companies provides the world with the technology to make engines run smoother, machines last longer, and fuels burn cleaner.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220223005909/en/

FOR INVESTOR INFORMATION CONTACT:

Brian D. Paliotti

Investor Relations

Phone: 804.788.5555

Fax: 804.788.5688

Email: investorrelations@newmarket.com

Source: NewMarket Corporation

FAQ

Who was elected to the NewMarket Corporation Board on February 24, 2022?

Ting Xu was elected to the NewMarket Corporation Board on February 24, 2022.

What roles will Ting Xu serve in at NewMarket Corporation?

Ting Xu will serve on the Nominating & Corporate Governance Committee and the Compensation Committee.

What companies are subsidiaries of NewMarket Corporation?

The subsidiaries of NewMarket Corporation include Afton Chemical Corporation and Ethyl Corporation.

What is the main business of NewMarket Corporation?

NewMarket Corporation develops, manufactures, and delivers chemical additives that enhance the performance of petroleum products.