Cabot Corporation realigns business reporting segments -- K Trade Fair


Cabot Corporation realigns business reporting segments

The company is organized into four segments that now include Reinforcement Materials, Performance Chemicals, Specialty Fluids and Purification Solutions. The Reinforcement Materials segment now combines the rubber blacks and elastomer composites product lines. This segment's main objective is to serve the tire and industrial rubber industries. The Performance Chemicals segment now combines the specialty carbons and compounds, and inkjet colorants product lines into the Specialty Carbons and Formulations business, and combines the fumed metal oxides and aerogel product lines into the Metal Oxides business. This new structure better leverages Cabot's global activities across common customer applications, production, and research and development. The Specialty Fluids business will now be a stand-alone reporting segment. Finally, there is no change to the Purification Solutions segment, which includes the Cabot Norit Activated Carbon business. The new segment structure is aligned with recently announced senior management changes. Sean Keohane is the executive vice president and president of the Reinforcement Materials segment. Nick Cross is the executive vice president and president of the Performance Chemicals and Specialty Fluids segments. Fred von Gottberg is the senior vice president and president of the Purification Solutions segment. Commenting on the changes, Cabot President and CEO Patrick Prevost, said, "The new segment structure will better align with our organization and improve resource prioritization. Our objective remains to deliver earnings growth through superior customer relationships, manufacturing excellence, and outstanding technology development and engagement.”Cabot Corporation is a global specialty chemicals and performance materials company, headquartered in Boston, Massachusetts. The company is a provider of rubber and specialty carbons, activated carbon, inkjet colorants , cesium formate drilling fluids, fumed silica, and aerogel.