Cabot Corporation Announces Appointment of Chief Technology Officer

BOSTON–(BUSINESS WIRE)–Cabot
Corporation (NYSE: CBT) today announced the appointment of Dr.
Patricia Hubbard as Senior Vice President and Chief Technology Officer
(CTO). Hubbard joins Cabot’s Management
Executive Committee, reporting directly to Cabot Chief Executive
Officer Sean Keohane.

In this role, Dr. Hubbard will assume responsibility for Cabot’s global
technology and research and development (R&D) function. As CTO, she will
be responsible for shaping and evolving Cabot’s technology strategy
while driving execution in support of the Company’s business objectives.

“Patricia is a seasoned technology professional with a proven track
record of leadership and a passion for working with customers to
commercialize innovation across a diverse set of applications,” said
Keohane. “Her extensive knowledge of materials science and formulated
solutions combined with her strong leadership skills and passion for
product development made her a natural choice to help advance our focus
on growth and application innovation.”

Dr. Hubbard said, “I am thrilled to join Cabot as it has been a leader
in the chemical industry for over 135 years and has built a reputation
for developing strong customer relationships to successfully
commercialize technology innovation. I see great opportunity for Cabot
to bring the power of materials innovation to address some of the most
pressing global macrotrends. I’m excited to join this talented team and
look forward to contributing to the future developments and continued
growth of the company.”

Dr. Hubbard’s distinguished background includes leadership positions at
several global Fortune 500 companies. Most recently she was Vice
President of R&D for Avery Dennison’s Label and Graphic Materials
division in North America. Her career in technology also included Vice
President of Corporate R&D as well as Technology Director for the
Specialty Engineered Materials business at PolyOne Corporation. In
addition, she held various technology roles at General Electric.

Dr. Hubbard is a certified Lean Six Sigma Black Belt, and earned her PhD
in Polymer Science from the University of Akron and her BS in Chemistry
from Case Western Reserve University.

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.

Contacts

Cabot Corporation
Vanessa Craigie, 617-342-6015
Corporate
Communications