Market Overview

Cabot Corporation Announces Segment Management Changes

Share:

Cabot
Corporation
(NYSE:CBT) today announced that Nicholas Cross,
executive vice president and president of the Performance Chemicals
segment and Europe, Middle East and Africa (EMEA) region, will step down
from these roles at Cabot for personal reasons. Mr. Cross joined Cabot
in 2009 as vice president and general manager for the EMEA region and
was appointed executive vice president and president, Performance
Chemicals segment in 2014. During his tenure, he held a variety of
leadership positions, including president of the Specialty Fluids
segment.

"I have really enjoyed my time with Cabot, and am grateful to have spent
nearly 10 years with this great company. I am proud of the Company's
accomplishments during my tenure and this will stand out as a career
highlight for me," said Cross. "I see exceptionally strong opportunities
within the Performance Chemicals segment to accelerate growth and Cabot
is uniquely positioned to capture this growth."

Effective October 1, 2018, Jay Doubman, currently senior vice president,
Corporate Strategy and Development, and president, Specialty Fluids
segment, will assume responsibilities for leading the specialty carbons,
fumed metal oxides, and aerogel product lines, as senior vice president
and president, Performance Additives. Aled Rees, currently vice
president and general manager, Specialty Fluids segment will assume
responsibilities for leading the specialty compounds and inkjet product
lines and the EMEA region, as senior vice president and president,
Formulated Solutions and president of the EMEA region, effective October
1, 2018. Mr. Rees will also continue leading the Specialty Fluids
segment, now as president of the segment. Mr. Cross will remain with the
company through the end of January 2019, providing advisory and
transition support.

Mr. Doubman joined Cabot in 2006, and has held several commercial and
business positions including vice president and general manager of the
tire and elastomer composites product lines within the Reinforcement
Materials segment, and vice president of the Europe, Middle
East and Africa region for the Reinforcement Materials segment.

Mr. Rees joined Cabot in 2000, and has held a variety of finance,
business and regional roles, including vice president and EMEA regional
business director for the Reinforcement Materials segment, finance
director for the Asia Pacific region, and commercial director for the
aerogel product line.

"I have great confidence in both Jay and Aled to help lead and develop
the Performance Chemicals segment for continued success," said Sean
Keohane, president and chief executive officer. "Jay has proven his
capabilities as part of the executive management team, progressing our
corporate strategy and development efforts while also leading the
Specialty Fluids segment. I am also excited to have Aled join our
management executive committee. His extensive knowledge of Cabot and our
various businesses, coupled with his global experience in managing
international teams made him an ideal candidate for his new role."

Keohane continued, "Nick has been a valued and integral member of the
executive management team for nearly 10 years. His leadership, insights
and guidance have been instrumental in building a strong team, while
enabling us to better execute our strategy and extend our leadership
positions in our chosen markets. On behalf of the entire Company, I want
to thank Nick for his many contributions in helping to position Cabot
for advantaged growth. I wish Nick the very best in his future
endeavors."

ABOUT CABOT CORPORATION
Cabot Corporation (NYSE:CBT) is a
global specialty chemicals and performance materials company,
headquartered in Boston, Massachusetts. The company is a leading
provider of rubber
and specialty
carbons
, activated
carbon
, inkjet
colorants
, cesium
formate drilling fluids
, masterbatches
and conductive compounds
, fumed
silica
, and aerogel.
For more information on Cabot, please visit the company's website
at: http://www.cabotcorp.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: Statements in the press release regarding Cabot's business that
are not historical facts are forward looking statements that involve
risks and uncertainties. For a discussion of such risks and
uncertainties, which could cause actual results to differ from those
contained in the forward looking statements, see "Risk Factors" in the
Company's Annual Report on Form 10-K.

View Comments and Join the Discussion!