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Industry Veteran Joins Cabot Microelectronics As European Business Manager


AURORA, Illinois -- May 21, 2001 - Cabot Microelectronics Corp. (NASDAQ: CCMP), the leading supplier of chemical mechanical planarization (CMP) polishing slurries to the semiconductor industry, today announced the appointment of Jean-Pol Delrue to the position of European Regional Business Manager. He will be responsible for the company's business in Europe. Mr. Delrue will be joining Cabot Microelectronics later next month.

"We are confident that Jean-Pol's proven business leadership capabilities combined with a strong customer and market focused management approach will assist Cabot Microelectronics in achieving our objectives in Europe," stated Matthew Neville, Cabot Microelectronics' Chairman, President and CEO. "Growth in the region has been significant as customers continue to invest in advanced semiconductor technology including device shrinks, implementation of copper interconnect and other new materials, and the deployment of 300mm wafers. All of these trends favor growth in our IC CMP business. Jean-Pol will play a pivotal role as we expand our product offering in the region to include pads as well as slurries."

Mr. Delrue joins Cabot Microelectronics with more than 20 years of semiconductor materials and capital equipment business experience in the cross-cultural environments of Asia, North America and Europe. In his role at Cabot Microelectronics, Mr. Delrue will be responsible for the overall leadership of the company's business initiatives in the European region including the development and implementation of a business strategy as well as customer and distributor relationship management.

Prior to joining Cabot Microelectronics, Mr. Delrue worked at Ebara Precision Machinery Europe, serving most recently as Vice President of CMP Europe. He is credited with generating new customer business and increasing the demand for such products as CMP polishing tools and dry-pump vacuum systems. Previously, he served as the Business and Technical Development Director and Member of the Management Board at Riber, a supplier of molecular beam epitaxial products and services to the compound semiconductor industry. Mr. Delrue is an expert in the chemistry of semiconductors, polymers, gas, catalysis, surface treatments, thin film processes and related techniques of evaporation and vacuum processes and the installation, integration and service of CMP systems.

Mr. Delrue holds a Masters in Business Administration from the Centre de Perfectionnement aux Affaires in Paris, France, a post doctorate degree in Chemical engineering from Stanford University and a Ph.D. in Physical Chemistry from Belgium's University of Mons.

About Cabot Microelectronics Corporation

Cabot Microelectronics, headquartered in Aurora, Illinois, USA, is the world leader in the development and supply of high-performance polishing slurries used for chemical mechanical planarization (CMP), a process that enables the manufacture of the most advanced integrated circuit (IC) devices and hard disk drive components. Cabot Microelectronics' global network of facilities encompasses corporate headquarters, a state-of-the-art research and technology center, and manufacturing plants in Aurora; manufacturing plants in the United Kingdom, Japan and the United States; and regional sales, technical applications and support offices strategically located throughout the world. The Company reported fiscal 2000 revenues of $180 million. For more information please visit the Cabot Microelectronics web site at or call 1-630-499-2600.

Safe Harbor Statement

The statements contained in this news release may contain "forward-looking statements." Actual results may differ materially from those anticipated in such forward-looking statements. All of these statements are expressly qualified in their entirety by the risk factors and other cautionary statements included in Cabot Microelectronics' filings with the Securities and Exchange Commission.

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