Cabot Corporation Announces Retirement of Mark Wrighton from Board of Directors

Rhea-AI Summary

Cabot Corporation (NYSE: CBT) announced the retirement of Mark S. Wrighton from its Board of Directors, effective at the Annual Meeting of Stockholders on March 11, 2021. Wrighton, a board member since 1997, has been instrumental in guiding the company with his extensive knowledge and experience. His contributions include serving on the Compensation Committee and previously on the Safety, Health, Environment, and Sustainability Committee. Wrighton's retirement marks a significant change in the board, as he has been a key figure in overseeing Cabot's technological advancements and public company management.

Positive

• Mark S. Wrighton's extensive experience on the board since 1997 has provided valuable insights and leadership.
• Wrighton's contributions were recognized as beneficial to Cabot's strategic direction and oversight.

Negative

• Wrighton's retirement may lead to concerns over continuity and experience on the board.

Cabot Corporation (NYSE: CBT) announced the upcoming retirement of Mark S. Wrighton from its Board of Directors. Mr. Wrighton, who has served as a director of Cabot since 1997, is retiring from the Board when his current term of office expires effective at Cabot’s Annual Meeting of Stockholders to be held on March 11, 2021. He currently serves as a member of the Compensation Committee and during his tenure on Cabot’s Board, Mr. Wrighton has also served on the Board’s Safety, Health, Environment and Sustainability Committee.

“Mark has provided insightful guidance during his tenure on the Cabot Board of Directors,” said Ms. Rataj, Non-Executive Chair of the Board. “We have benefitted greatly from Mark’s extensive scientific knowledge and understanding of complex technology, significant management and leadership experience and deep understanding of matters related to public company management and oversight. On behalf of everyone at Cabot and the Board, I extend our heartfelt gratitude to Mark for his many years of service to the Cabot Board and wish him all the very best.”

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, activated carbon, 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.

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.

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FAQ

What are the details of Mark S. Wrighton's retirement from Cabot Corporation's Board?

Mark S. Wrighton is retiring from Cabot Corporation's Board of Directors effective March 11, 2021, after serving since 1997.

What impact might Mark S. Wrighton's retirement have on Cabot Corporation?

Wrighton's retirement could raise concerns about continuity and experience within the Board of Directors.

When is Cabot Corporation's Annual Meeting of Stockholders?

The Annual Meeting of Stockholders for Cabot Corporation will be held on March 11, 2021.

What committees did Mark S. Wrighton serve on during his tenure at Cabot Corporation?

Wrighton served on the Compensation Committee and previously on the Safety, Health, Environment, and Sustainability Committee.