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NewMarket Corporation

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NewMarket Corporation

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NewMarket Corporation Reviews

Updated May 20, 2021

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Found 15 of over 15 reviews

3.5
58%
Recommend to a Friend
77%
Approve of CEO
NewMarket Corporation President, CEO, and Director Teddy Gottwald (no image)
Teddy Gottwald
8 Ratings
  1. 5.0
    Former Intern

    Great place to work as a summer intern

    Feb 4, 2021 - Summer Intern 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Great company culture, friendly CEO, opportunities for exposure to different areas of the department

    Cons

    Needs to be more opportuntiy for FLEX schedules

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  2. 2.0
    Former Employee

    No opportunities

    May 20, 2021 - Financial Analyst in Richmond, VA
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Learning SAP improved my resume.

    Cons

    Progress to management role depends on who you know on the senior management team. Few roles available if you don't have family relations. Employees always saying things to please management are rewarded. Senior management's idea of leadership is to come in very early and spend all day with the door closed.

    6 people found this review helpful
  3. 1.0
    Former Employee, more than 1 year

    Career development only for those with special connections

    May 5, 2021 - IT in Richmond, VA
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Nice campus and friendly employees

    Cons

    Very high levels of nepotism and favors for friends. Managers do not have the technical skills or experience to perform the role. Promotions are on the basis of likeability by management not knowledge or performance. Smartest employees taken for granted or pushed out by buddies of management. Requests to review career path are shut down.

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    8 people found this review helpful
  4. 4.0
    Current Employee

    Great Company

    Jan 31, 2021 - Software Developer 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Great work life balance Understanding management Respectful employees

    Cons

    Smaller teams Not working from home during COVID

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  5. 3.0
    Former Employee

    Great Work Life Balance but not much else

    Jan 26, 2021 - Anonymous Employee 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    NewMarket has a great work life balance

    Cons

    Little opportunity for growth- technically or professionally.

    8 people found this review helpful
  6. 5.0
    Former Employee, more than 5 years

    Great Place

    Jan 22, 2020 - Conflcits Atty in Richmond, VA
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Great place to retire or start your career

    Cons

    Small company not a lot of room to grow

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  7. 2.0
    Former Employee, more than 1 year

    Think twice before taking a job in finance/accounting

    Dec 22, 2017 - Anonymous Employee in Richmond, VA
    Recommend
    CEO Approval
    Business Outlook

    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

    23 people found this review helpful
  8. 5.0
    Current Employee

    Great company

    Mar 15, 2017 - Intern in Richmond, VA
    Recommend
    CEO Approval
    Business Outlook

    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.

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  9. 5.0
    Former Employee, more than 5 years

    Great company to work for!!

    Feb 25, 2017 - Anonymous Employee 
    Recommend
    CEO Approval
    Business Outlook

    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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  10. 2.0
    Former Employee

    Review

    Jan 6, 2016 -  
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Very stable business and Long term assignments

    Cons

    Could be little slow in implementing projects

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