Cabot Corporation Announces Election of Raffiq Nathoo to Board of Directors

Rhea-AI Summary

Cabot Corporation (NYSE: CBT) has appointed Raffiq Nathoo to its Board of Directors and Audit Committee, effective May 12, 2022. Nathoo, a seasoned investor with 30 years of experience in investment banking and private equity, was a Senior Managing Director at Blackstone for 14 years. Non-Executive Chair Sue H. Rataj emphasized Nathoo's leadership and financial expertise as key to enhancing the board's oversight of the company's growth strategy. Nathoo expressed enthusiasm for contributing to Cabot's opportunities for growth and advancing its strategy.

Positive

• Appointment of Raffiq Nathoo adds extensive leadership and financial expertise to the Board.
• Nathoo's background in investment banking and private equity may help drive the company's growth strategy.

Negative

• None.

BOSTON--(BUSINESS WIRE)-- Cabot Corporation (NYSE: CBT) announced today that Raffiq Nathoo has been elected to its Board of Directors, effective May 12, 2022. He was also appointed a member of the Audit Committee of the Board of Directors, effective May 12, 2022. Since August 2019, Mr. Nathoo has served as a Managing Partner of T^X3 Sage Rock, a private investment management firm. Mr. Nathoo has 30 years of experience which spans the investment banking, private equity, and public equity businesses, including over 22 years at Blackstone where he was a Senior Managing Director for 14 years and led the firm’s advisory practice globally in the energy, power and utilities sectors, with New Mountain Capital where he served as an Executive-in-Residence, and with Salomon Brothers Inc. where he started his career. Mr. Nathoo received his Bachelor of Arts degree in Government from Dartmouth College, and a Master of Business Administration degree from Harvard University.

Sue H. Rataj, Non-Executive Chair of Cabot’s Board of Directors, said, “We are very pleased to welcome Raffiq to our Board. His significant leadership experience, international financial and capital markets expertise, both as an investor and as an M&A advisor, and his broad strategic perspective will further enhance the Board’s depth and capabilities that are necessary to oversee the Company’s Creating for Tomorrow strategy.”

“I am delighted and honored to join the Cabot Board of Directors. Cabot is a company with exceptional products and technologies and has many exciting opportunities for growth in the years ahead. I look forward to drawing on my experience to help Cabot achieve its growth objectives and further advance the Company’s strategy,” said Mr. Nathoo.

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 carbon black, specialty carbons, engineered elastomer composites, inkjet colorants, masterbatches and conductive compounds, fumed silica and aerogel. For more information on Cabot, please visit the company’s website at cabotcorp.com. The Company encourages investors and potential investors to consult the Cabot website regularly.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220512005184/en/

Investor Contact:

Steve Delahunt

(617) 342-6255

Source: Cabot Corporation

FAQ

What is the significance of Raffiq Nathoo's appointment to Cabot Corporation's Board of Directors?

Raffiq Nathoo's appointment is significant as it brings extensive leadership and financial expertise to Cabot Corporation, potentially enhancing oversight of its growth strategy.

When did Raffiq Nathoo join the Board of Directors at Cabot Corporation?

Raffiq Nathoo joined the Board of Directors at Cabot Corporation on May 12, 2022.

What previous experience does Raffiq Nathoo have before joining Cabot Corporation?

Prior to joining Cabot Corporation, Raffiq Nathoo was a Managing Partner at T X3 Sage Rock and spent over 22 years at Blackstone as a Senior Managing Director.

What role will Raffiq Nathoo have on Cabot Corporation's Board?

Raffiq Nathoo will serve on the Audit Committee of the Board of Directors in addition to his position on the Board.