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Cabot Corporation Announces Management Changes

BOSTON, Sept. 8 /PRNewswire-FirstCall/ -- Cabot Corporation (NYSE: CBT) announced today that David A. Miller will join Cabot as General Manager, Core Segment and the Americas Region, effective September 14, 2009. He will succeed William Brady, who previously held that position, who has decided to leave Cabot to pursue other interests.

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Mr. Miller joins Cabot from BP p.l.c., where he held a variety of management positions in BP's chemical businesses over the last 27 years. Most recently, Mr. Miller served as President, Aromatics Asia, Europe & Middle East. Prior to that he was President of BP's global Purified Terephthalic Acid (PTA) business. He graduated from the University of Illinois with a B.A. in mechanical engineering and received an MBA from The Citadel.

In addition, Cabot also announced that Nick Cross will join Cabot as Regional General Manager of the Europe, Middle East and Africa ("EMEA") region, effective September 14, 2009. He will succeed Dirk Blevi, who will be retiring from Cabot on November 30, 2009.

Mr. Cross also joins Cabot from BP p.l.c., where he held a variety of management positions primarily in BP's chemical businesses as well as in its oil and gas business. Mr. Cross was with BP for almost 25 years, living and working in Europe, Asia and North Africa. He was most recently Vice President International Natural Gas Liquids. Mr. Cross graduated with an MA, Engineering and Management, from Trinity Hall, Cambridge.

Patrick M. Prevost, Cabot's CEO stated, "I am pleased to welcome David and Nick to Cabot. David's record of accomplishment in the chemical industry and significant international experience position him well to lead Cabot's Core Segment, which is comprised of our global rubber blacks carbon black business and Supermetals business. Similarly, Nick's significant management experience and broad international assignments make him an ideal person to manage our diverse EMEA region. I am confident that David and Nick will be successful at Cabot."

In commenting on the management changes, Mr. Prevost added, "I want to express my sincere thanks to Bill Brady and Dirk Blevi. Each of them has made significant contributions to Cabot over their long and distinguished careers and their dedication and leadership have left a lasting impression on the organization. I wish them well in their future endeavors."

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. Cabot's website address is: http://www.cabot-corp.com.

SOURCE: Cabot Corporation

Susannah Robinson,
Director, Investor Relations of Cabot Corporation,
+1-617-342-6129,
susannah_robinson@cabot-corp.com