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Burnes Out as Cabot CEO

On December 6, 2007, Cabot Corporation announced that Kennett Burnes will step down as President and CEO effective January 1, 2008. He will be succeeded by Patrick Prevost, who comes onboard from BASF AG, where he has worked since 2003. Most recently, Prevost served as President, Performance Chemicals and prior to that ran the North American Chemicals & Plastics business. He has also held positions at BP Chemicals and Amoco. Mr. Prevost will also join Cabot’s Board of Directors.

Here is Cabot’s press release.

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