BOSTON—Most of 2015 was difficult for virtually all carbon black producers. A vast majority had to tighten their belts and make cutbacks because of a poor economic environment and other factors.
For Cabot Corp., that meant cost reductions and restructuring actions in fiscal 2015. While the economic challenges haven't disappeared in several regions across the globe in 2016, the company's top executive believes the firm is back on a growth course.
Sean D. Keohane became president and CEO of the Boston-headquartered global specialty chemicals and performance materials company in mid-March after Patrick M. Prevost stepped down from the posts on March 11. Provost, who continues as a member of the board of directors, suffered a minor stroke in 2015 and remained on leave before he resigned from the president and CEO posts.
Despite having only served in the top positions for less than a month, Keohane fielded questions dealing with Cabot and the carbon black industry with ease recently. He joined Cabot in 2002 and since then has held a variety of management positions before he assumed his new posts.
“I am very excited about my new role at Cabot Corp., because I already know first-hand what an exceptional company Cabot is,” the executive said. “Cabot is over 130 years old, with a strong brand, a strong pipeline of new products, a legacy of innovation and a long-term commitment to delivering excellence in everything we do.”
It's also very diverse. The company is a provider of rubber and specialty carbons, activated carbon, inkjet colorants, cesium formate drilling fluids, fumed silica and aerogel. And for a big company, it's pretty agile and adaptable.