Cabot Corporation (NYSE: CBT) has announced the election of Thierry Vanlancker to its board of directors, effective July 12, 2024. Vanlancker, who served as the Chief Executive Officer and a director of AkzoNobel NV from 2017 to 2022, brings extensive global and industrial experience to the board.
Prior to his appointment, Vanlancker held various management positions in the chemical sector for more than 30 years. He has a strong expertise in strategy, product development, sales, and marketing, with specific know-how in chemicals markets and distribution. Vanlancker's appointment is expected to enhance the board's depth of expertise and capabilities necessary to oversee Cabot's "creating for tomorrow" strategy.
Cabot Corporation, headquartered in Boston, Massachusetts, is a global specialty chemicals and performance materials company. The company is a leading provider of reinforcing carbons, specialty carbons, battery materials, engineered elastomer composites, inkjet colorants, masterbatches and conductive compounds, fumed metal oxides, and aerogel. Following these announcements, the company's shares moved 1.3%, and are now trading at a price of $94.99. Check out the company's full 8-K submission here.