Cabot Corporation (NYSE: CBT) announced that President and Chief Executive Officer Sean Keohane will retire effective September 30, 2026, and step down from the company's Board of Directors on the same date.

Erica McLaughlin, currently Executive Vice President, Chief Financial Officer, and Head of Corporate Strategy, has been elected to succeed Keohane as President and CEO, effective October 1, 2026. She will also join the Board of Directors as a member of the class whose term expires at the 2029 Annual Meeting of Stockholders.

Keohane will remain with the Boston-based specialty chemicals company in an advisory capacity through the end of 2026. The company has begun a search for a new CFO following McLaughlin's appointment.

McLaughlin joined Cabot in 2002 and has held senior roles across the company's finance, strategy, and Reinforcement Materials business units. She has served in her current role since 2018. She also serves on the Board of Directors of Azenta Life Sciences (Nasdaq: AZTA) and on the Advisory Board of FM Global.

Keohane has served as President and CEO since 2016 and has been with Cabot for nearly 25 years.

"Erica brings deep industry expertise and a strong understanding of Cabot's businesses, markets and global operations," said Board Chair Michael Morrow.

"I am deeply honored to succeed Sean as President and CEO and lead Cabot into our next chapter," McLaughlin said.