Samuel Cabot has named John E. Schutz president of the 123-year-old manufacturer of wood-care products.

NEWBURYPORT, MA — Samuel Cabot Inc. has named John E. Schutz president of the 123-year-old manufacturer of wood-care products. Schutz will succeed Samuel Cabot III, who will become chairman after 22 years as president. Cabot will focus on long-term goals and international initiatives.

Cabot is the fourth Cabot family member, all with the name Samuel Cabot, to head the company since its founding. “This is really a milestone in our over a century of history in coatings,” Cabot said. “It marks a new chapter in our business.” He described Schutz as “a dynamic individual and a big contributor to our success these past years.”