Cabot Corporation Announces Election of Douglas Del Grosso to Board of Directors
April 30 2020 - 9:00AM
Business Wire
Cabot Corporation (NYSE: CBT) announced today that Douglas G.
Del Grosso has been elected to its Board of Directors, effective
April 30, 2020. He was also appointed a member of the Audit
Committee of the Board of Directors, effective April 30, 2020. Mr.
Del Grosso is president, chief executive officer and a director of
Adient plc, an automotive seating manufacturer based in Plymouth,
Michigan, positions he has held since October 1, 2018.
Sue H. Rataj, Non-Executive Chair of Cabot’s Board of Directors,
said, “We are very pleased to welcome Doug to our Board. His
significant leadership experience and global operational expertise
within the automotive sector will further enhance the Board’s depth
and capabilities that are necessary to oversee the Company’s
‘Advancing the Core’ strategy.”
“I am delighted and honored to join the Cabot Board of
Directors. Cabot is a company with exceptional products and
technologies and has many exciting opportunities for growth in the
years ahead. I look forward to drawing on my experience to help
Cabot achieve its growth objectives and further advance the
Company’s strategy,” said Mr. Del Grosso.
Prior to joining Adient, Mr. Del Grosso was president and chief
operating officer of Chassix Inc., a privately held automotive
parts supplier, from 2016 until 2018, and president and chief
executive officer of Henniges Automotive, a manufacturer of
automotive sealing and anti-vibration systems, from 2012 until
2015. Prior to that, Mr. Del Grosso spent five years at TRW
Automotive, where he last served as vice president and general
manager for the company’s global braking and suspension operations.
Prior to joining TRW Automotive, Mr. Del Grosso spent more than 20
years at Lear Corporation in a variety of operational roles, the
last being president and chief operating officer. Mr. Del Grosso
holds a Bachelor of Science degree with a major in mechanical
engineering from Lawrence Technological University, and a Master of
Business Administration degree from Michigan State University.
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 rubber and
specialty carbons, activated carbon, inkjet colorants,
masterbatches and conductive compounds, fumed silica, and aerogel.
For more information on Cabot, please visit the company’s website
at: https://www.cabotcorp.com. The Company encourages investors and
potential investors to consult the Cabot website regularly.
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 or
subsequent SEC filings.
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version on businesswire.com: https://www.businesswire.com/news/home/20200430005275/en/
Vanessa Craigie Corporate Communications (617) 342-6015
Steve Delahunt Investor Relations (617) 342-6255
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