H Harris - NewMarket Independent Director

NEU Stock  USD 540.97  1.78  0.33%   

Director

Mr. H. Hiter Harris III, is an Independent Director of the Company since 2015.
Age 60
Tenure 9 years
Address 330 South Fourth Street, Richmond, VA, United States, 23219-4350
Phone804 788 5000
Webhttps://www.newmarket.com
Harris is cofounded Harris Williams & Co., where he also serves as a Managing Director. Having advised on more than 200 mergers and acquisitions transactions at an international investment banking firm focused on the middle market, Mr. Harris brings to the Board of Directors a wealth of transactional experience and financial expertise, as well as significant knowledge of middle market companies.

NewMarket Management Efficiency

The company has Return on Asset of 0.1374 % which means that on every $100 spent on assets, it made $0.1374 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.3699 %, implying that it generated $0.3699 on every 100 dollars invested. NewMarket's management efficiency ratios could be used to measure how well NewMarket manages its routine affairs as well as how well it operates its assets and liabilities. At this time, NewMarket's Return On Tangible Assets are comparatively stable compared to the past year. Return On Assets is likely to gain to 0.18 in 2024, whereas Return On Capital Employed is likely to drop 0.14 in 2024. At this time, NewMarket's Non Current Liabilities Total is comparatively stable compared to the past year. Change To Liabilities is likely to gain to about 61.7 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 268 M in 2024.
NewMarket has 733.6 M in debt with debt to equity (D/E) ratio of 1.61, which is OK given its current industry classification. NewMarket has a current ratio of 2.7, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for NewMarket to invest in growth at high rates of return.

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NewMarket Corporation, through its subsidiaries, engages in the petroleum additives business. NewMarket Corporation was founded in 1887 and is headquartered in Richmond, Virginia. NewMarket Corp operates under Specialty Chemicals classification in the United States and is traded on New York Stock Exchange. It employs 2104 people. NewMarket (NEU) is traded on New York Stock Exchange in USA. It is located in 330 South Fourth Street, Richmond, VA, United States, 23219-4350 and employs 2,000 people. NewMarket is listed under Specialty Chemicals category by Fama And French industry classification.

Management Performance

NewMarket Leadership Team

Elected by the shareholders, the NewMarket's board of directors comprises two types of representatives: NewMarket inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NewMarket. The board's role is to monitor NewMarket's management team and ensure that shareholders' interests are well served. NewMarket's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, NewMarket's outside directors are responsible for providing unbiased perspectives on the board's policies.
Bruce Gottwald, Chairman of the Board
Cameron Warner, Treasurer
Phyllis Cothran, Lead Independent Director
Bruce III, Executive Officer
Bryce Jewett, Vice President General Counsel
Patrick Hanley, Independent Director
William Skrobacz, Principal Accounting Officer and Controller
Bruce Hazelgrove, Executive Vice President, Chief Administrative Officer
Brian Paliotti, Chief Financial Officer, Vice President
AnneMarie Anderson, Corporate Secretary
Gail Ridgeway, Principal Controller
M West, Vice President General Counsel, Secretary
Thomas Gottwald, Chairman of The Board, CEO and President and Member of Executive Committee
James Rogers, Independent Director
Ting Xu, Independent Director
Regina Harm, President - Afton Chemical Corporation
Mark Gambill, Independent Director
H Harris, Independent Director
Bryce III, VP Counsel

NewMarket Stock Performance Indicators

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Thematic Opportunities

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