NewMarket Corporation Reviews

Updated Jan 22, 2020

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4.2
74%
Recommend to a Friend
100%
Approve of CEO
NewMarket Corporation President, CEO, and Director Teddy Gottwald (no image)
Teddy Gottwald
6 Ratings
  1. "Great Place"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Conflcits Atty in Richmond, VA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at NewMarket Corporation full-time for more than 5 years

    Pros

    Great place to retire or start your career

    Cons

    Small company not a lot of room to grow

  2. Helpful (8)

    "Think twice before taking a job in finance/accounting"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Richmond, VA
    Doesn't Recommend

    I worked at NewMarket Corporation full-time for more than a year

    Pros

    Employees are genuine and helpful, although there are a few exceptions Defined benefit pension plan Nice campus with workout facility and onsite medical, if you are in Richmond

    Cons

    Which C-suite executive you are related to, who you are friends with and tenure at the Company seem to hold more value more than competence, experience and work ethic. Positions are under-titled and not indicative of the responsibility and level of the work. Positions that would be "Director" level titles at similarly-sized companies are frequently titled "Manager." Not a good thing if you are trying to build your resume and/or your career. And since pay rates tend to follow the position title rather than the job function, pay tends to be lower than market. The large number of long-term employees causes lack of innovative thought and results in out-dated processes and working methods. This can be a very frustrating environment to work in. Resources allotted to employee development and training are limited. Raises for all employees are within a range of 1 or 2 percentage points, resulting in the under-rewarding of top performers. Incentive rewards for bonus-eligible upper management accounting and finance positions are well below market, with some as little as 3% in very profitable years for the Company. Limited diversity of race and gender across the Company, especially among board members and upper level positions. The majority of the Company's chemicals go into fossil fuel products, so ideas like alternative energy vehicles, increased fuel economy, etc. obviously aren't supported by the Company. Better keep quiet if you think otherwise, or if you support politicians who do. Poor CFO leadership, including: > focusing on cost savings rather than value (including limiting office supply orders and job-relevant training) > routinely blowing off scheduled meetings with direct reports > limiting resources and/or adding work that departments are not staffed for, and then telling employees it's their own fault when they work too much overtime. > seems to have very little respect for or understanding of the profession of accounting > "requesting" employees take positions other than those they were hired to do and qualified/experienced to do, even if they are not interested in doing so > lack of honesty and transparency with employees, including misrepresenting position responsibilities during the interview process (i.e., % of travel time required) and promising promotional pay increases only to later renege > playing favorites ("frat boy" like culture) > listens to employees only when in agreement with what they are saying


  3. "Great company"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Intern in Richmond, VA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at NewMarket Corporation

    Pros

    Fun people, great environment, nice gym, good cafeteria, an overall great place to work at.

    Cons

    Sometimes slow. Not too many cons I could think of.

  4. "Great company to work for!!"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at NewMarket Corporation full-time for more than 5 years

    Pros

    Management and employees are great to work with. Great work life balance. Awesome benefits and pension plan.

    Cons

    Low turnover so not much opportunity for growth. Corporate office in Richmond, VA if you don't like the cold.

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  5. "Review"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
     
    Positive Outlook
    Approves of CEO

    I worked at NewMarket Corporation

    Pros

    Very stable business and Long term assignments

    Cons

    Could be little slow in implementing projects

  6. "Interned for NewMarket in Richmond VA"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Intern - Anonymous Intern in Richmond, VA

    I worked at NewMarket Corporation for less than a year

    Pros

    NewMarket has a great work atmosphere, one of the benefits of being a family company, everyone seemed to really enjoy their work.They encouraged a healthy work and personal life balance. Great company to work for.

    Cons

    The pay was not as competitive as some other companies but that is balanced by the expectation of a 40 hour (or less) work week

  7. Helpful (1)

    "Great people, great company."

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Intern - Summer Intern in Richmond, VA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at NewMarket Corporation for less than a year

    Pros

    Awesome management, I had an incredible summer at NewMarket and learned much more than I had anticipated. Everyone is pleasant and works together very well.

    Cons

    The days became slow at times but I still managed to find a lot of productive things to do. There were not many cons to this company.

  8. Helpful (2)

    "Great place to work"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Manager in Richmond, VA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at NewMarket Corporation full-time for more than 5 years

    Pros

    High energy, very productive environment. Morale is very high, pay is comparable, location is great. Freedom to do what needs to be done to succeed is far higher than anywhere else I've ever worked.

    Cons

    Rapid growth is causing a lot of change, which can be pretty painful.

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  9. Helpful (1)

    "Family friendly environment but limited product range could break down those who are extra motivated"

    3.0
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Business Manager 
    Doesn't Recommend
    No opinion of CEO

    I have been working at NewMarket Corporation

    Pros

    Ideal environment for chemists and mechanical engineers.

    Cons

    Work becomes repetitive and you can get tired of working on a limited range of products.

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