On January 8, 2016, Henry McCance submitted his resignation from the Board of Directors of Cabot Corporation in accordance with the Company's retirement policy for non-employee directors. His retirement is effective at Cabots Annual Meeting of Stockholders to be held on March 10, 2016. Mr. McCance, who has served as a director of Cabot since 2005, currently serves on the Compensation Committee, which he chairs, the Executive Committee and the Governance and Nominating Committee.