Printer Friendly

CABOT CORPORATION'S EXECUTIVE COMMITTEE ASSUMES NEW RESPONSIBILITIES

 CABOT CORPORATION'S EXECUTIVE COMMITTEE ASSUMES NEW RESPONSIBILITIES
 BOSTON, Oct. 9 /PRNewswire/ -- Cabot Corporation (NYSE: CBT) has altered the responsibilities of its Executive Committee members to enable Cabot to devote more energy toward planning the company's future. The announcement was made today by Samuel W. Bodman, chairman, CEO and president, following a meeting of the Board of Directors. In addition to Bodman, Cabot's Executive Committee includes Vice Chairman John G.L. Cabot and Executive Vice Presidents Kennett F. Burnes and John D. Curtin, Jr.
 "The changes allow for the formation of a corporate development team that will address a host of long-term issues," said Bodman. "These issues include identifying ways of leveraging the company's technical competencies; analyzing opportunities for operating our existing businesses on a more integrated basis; assessing compatible acquisitions in new businesses; and examining growth opportunities in current businesses. In all cases, the perspective will be long-term."
 The team will be led by Curtin, with additional commitments from Charles A. Gray, vice president of technology, and Margaret J. Hanratty, treasurer. In addition to this appointment, Curtin has assumed responsibility for the corporation's Planning Department and its liquefied natural gas business, Cabot LNG. He retains responsibility for the company's performance materials, and safety eyewear and hearing protection products divisions.
 To allow for the formation of this team, John G.L. Cabot has assumed the title of chief financial officer previously held by Curtin. Cabot assumes responsibility for the day-to-day operation of the controllers, treasury, tax, internal audit and investor relations departments. In addition, he retains responsibility for human resources; total quality; safety, health & environmental affairs; and the company's coal supply business, TUCO.
 Burnes has assumed responsibility for Cabot Plastics International. Burnes has directed the activities of two of Cabot's major specialty chemicals divisions, Carbon Black and Cab-O-Sil (fumed silica), for several years. He will also oversee the corporation's Information Services Department.
 Cabot joined the company in 1960; Burnes joined Cabot in 1987 as vice president and general counsel; and Curtin became a member of the company in 1989, when he was named executive vice president and chief financial officer.
 Headquartered in Boston, Cabot Corporation is a Fortune 300 company with operations in specialty chemicals and materials, and energy. Its 5,300 employees conduct business in plants and offices in 24 countries.
 -0- 10/9/92
 /CONTACT: Susan J. Urbanetti, Cabot corporate communications, 617-342-6255/
 (CBT) CO: Cabot Corporation ST: Massachusetts IN: OIL CHM SU: PER


CN -- NE004 -- 8376 10/09/92 12:57 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 9, 1992
Words:413
Previous Article:PREMIER DEMONSTRATES COMMITMENT TO GUEST SATISFACTION; AUTOMATES SERVICE DEPARTMENT WITH BROCK SYSTEM
Next Article:FIRST CONSTITUTION FINANCIAL REPORTS THIRD-QUARTER RESULTS
Topics:


Related Articles
CABOT APPOINTS TWO DIRECTORS, TWO OFFICERS
CABOT CORPORATION APPOINTS TWO DIRECTORS
CABOT CORP. ELECTS TWO VICE PRESIDENTS
GOLDSTEIN ELECTED TO BOARD OF CABOT CORP.
CABOT CORPORATION ELECTS OFFICERS
Thermo Electron Appoints Samuel W. Bodman To Board Of Directors.
Cabot Corporation and ZirChrom Separations, Inc., Partner to Develop a New Generation of Chromatograpy Columns.
Cabot Corporation's Chairman and Chief Executive Officer to Present at Salomon Smith Barney Chemical Conference.
Cabot Announces New Leadership in Carbon Black and Fumed Metal Oxides Businesses and Financial Management.
Cabot Corporation Announces Senior Management Changes.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters