NewMarket Says William Skrobacz Is Stepping Down From His Role As Vice President And CFO, Effective December 31, 2024, As He Intends To Retire From Company In 2025; Timothy Fitzgerald Named As Successor
Portfolio Pulse from Benzinga Newsdesk
NewMarket Corporation announced that William Skrobacz will step down as Vice President and CFO by the end of 2024, with plans to retire in 2025. Timothy Fitzgerald has been named as his successor.
October 03, 2024 | 9:05 pm
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NewMarket Corporation's CFO, William Skrobacz, will step down by the end of 2024, with Timothy Fitzgerald named as his successor. This leadership change may impact the company's financial strategies and investor confidence.
The announcement of a CFO stepping down can have implications for a company's financial strategies and investor confidence. However, since the transition is planned and a successor is named, the immediate impact on stock price is likely neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80