Management ChangeJul 30, 2026, 08:41 AM

Cabot Announces CEO Transition: Sean Keohane Retires, Erica McLaughlin Appointed

AI Summary

Cabot Corporation announced that Sean D. Keohane will retire as President and Chief Executive Officer and resign from the Board of Directors, effective September 30, 2026. Erica McLaughlin, currently Executive Vice President, Chief Financial Officer, and Head of Corporate Strategy, has been elected to succeed him as President and CEO, effective October 1, 2026. Ms. McLaughlin will also join the Board of Directors. In connection with her new role, her base salary will increase to $910,000 per year, and her short-term incentive target will be 120% of her base salary. The company has initiated a search for a new Chief Financial Officer.

Key Highlights

Sean D. Keohane will retire as President and CEO and resign from the Board, effective September 30, 2026.
Erica McLaughlin has been elected President and CEO, effective October 1, 2026.
Ms. McLaughlin was also elected to the Board of Directors, effective October 1, 2026.
Ms. McLaughlin's base salary will increase to $910,000 per year, effective October 1, 2026.
Her short-term incentive target award increased to 120% of her base salary.
The company has commenced a search for a new Chief Financial Officer.
Mr. Keohane will remain a non-executive employee until December 31, 2026, for transition.

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CBT

Major Chemicals

CABOT CORP

Price Impact