BOSTON, Jan. 20 /PRNewswire-FirstCall/ -- Cabot Corporation (NYSE: CBT)
announced today that Jonathan Mason has decided to leave Cabot, effective
February 13, 2009, to become Chief Financial Officer of Fonterra Co-operative
Group Limited of New Zealand. Cabot has appointed Eduardo E. Cordeiro to
succeed Mr. Mason as Chief Financial Officer, effective February 13, 2009.
Mr. Cordeiro joined Cabot in 1998 and has held a number of senior
management positions, including Corporate Controller, Director of Investor
Relations, General Manager of each of Cabot's Fumed Metal Oxides and
Supermetals businesses, and most recently, has led Cabot's Corporate Strategy
function. Prior to joining Cabot, Mr. Cordeiro was a management consultant
with the Boston Consulting Group. He graduated from Harvard University with
an A.B. in Economics and received an MBA from Harvard Business School.
Patrick Prevost, Cabot's President and CEO, said, "I am delighted to
appoint Eddie to the position of CFO. His prior experience as Cabot's
Corporate Controller, combined with his extensive operational and business
experience at Cabot, make him an ideal person to succeed Jonathan. The Board
of Directors and I have every confidence that Eddie will be successful in his
new role."
Mr. Mason will be leaving Cabot to become Chief Financial Officer of
Fonterra, an USD$11 billion dairy products company based in Auckland, New
Zealand. Mr. Prevost commented, "I thank Jonathan for the leadership he has
provided to Cabot's finance organization over the last several years. He has
done an outstanding job and while I am personally saddened that he is leaving
Cabot, I am happy for Jonathan and his family as the position at Fonterra
provides him with new opportunities and allows him and his family to return to
New Zealand."
Cabot Corporation is a global performance materials company headquartered
in Boston, Massachusetts, USA. Cabot's major products are carbon black, fumed
silica, inkjet colorants, capacitor materials, and cesium formate drilling
fluids. The website address is: www.cabot-corp.com.
SOURCE Cabot Corporation
CONTACT: Susannah Robinson,
Director, Investor Relations of
Cabot Corporation
+1-617-342-6129
susannah_robinson@cabot-corp.com
Web Site: http://www.cabot-corp.com
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