Cabot Welcomes New BOD Member

Cabot announced the election of Mr. James R. Gibbs to its Board of Directors effective immediately. Before his recent retirement, Mr. Gibbs was Chairman, President and Chief Executive Officer of Frontier Oil Corporation, the fourth largest publicly held independent refiner in the United States.

Mr. Gibbs has over 30 years of energy related experience and holds a Bachelor of Science in Engineering, a Masters in Economics and a PhD, also in Economics, all from Southern Methodist University. Mr. Gibbs serves as Lead Director for Smith International, as an Advisory Director of Frost Bank, Houston, and on the Board of Trustees for Southern Methodist University. "I am excited that Jim has agreed to join Cabot's board. His life-long commitment to energy and his depth of experience will be very beneficial to our efforts," said Dan O. Dinges, Chairman, President and CEO.

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