BNET Industries

Albany International Corp.

(AIN) is in the Manufacturing Industry

Market Cap:$537.4M
Last Fiscal Year Sales:$1.0B
  • Public
  • US
Dow Jones Description

Paper-Machine Clothing & Industrial Products Mfr

Number of Employees 5,800
Contact Information

1373 Broadway

Albany, New York 12204-2628

albint.com

(518) 445-2200

NAICS Code Broadwoven Fabric Mills: 313210

Recent Events

  • Albany International Set New High For Year Tuesday

    11/05/09 - Financial Announcement - View Story

  • Orange Business Services Extends Albany International's Enterprise IP Network

    10/14/09 - Joint Venture / Alliance - View Story

  • Albany Int'l Corp. revenue, profit slide

    8/04/09 - Financial Announcement - View Story

  • Albany International Names New CFO

    7/04/09 - Mgmt. Change Entering - CFO - View Story

  • Albany International names Michael K. Burke as senior VP and CFO successor

    7/01/09 - Mgmt. Change Entering - Vice President - View Story

  • Albany International Announces CFO Successor

    7/02/09 - Mgmt. Change Leaving - CFO - View Story

  • Albany International Declares Dividend

    5/29/09 - Stock Split / Dividend - View Story

News & Analysis

albany international corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Joseph G. Morone CEO
Dawne H. Wimbrow Chief Information Officer
Michael C. Nahl Chief Financial Officer
Ralph M. Polumbo Senior Vice President, Hr & Cao
William McCarthy Executive Vice President, Global Planning, Engineering and Procurement
Frank Kolf Senior Vice President
John C. Standish Senior Vice President
Thomas H. Hagoort Senior Vice President, Legal
Alexander A. Koukoulas Vice President & Executive Director, R & D
Charles J. Silva General Counsel, Secretary & Vice President
Daniel A. Halftermeyer Group Vice President
David B. Madden Group Vice President
David D. Madden Group Vice President, PMC Asia & Africa
David M. Pawlick Vice President Controller
David Maddan Group Vice President
David Michaels Vice President, Treasurer & Tax
Edward Walther Group Vice President
John Cozzolino Vice President, Strategic Planning
Michael J. Joyce Group Vice President
Richard A. Carlstrom Vice President
Robert A. Hansen Vice President, Corporate R&D
Thomas Curry Group Vice President
Alberto Boix Technical Director, Mexico
Michael Gerakios Director, Sales & Marketing
Thomas R. Beecher Jr. Lead Director
Tom Geiger Sales Director, Corrugator Belts
Al Gilet Accounting Manager, USA East
Gary Smith Account Manager, Albany International Australia
Javier Martinez Accounting Manager, Mexico
Joe Lanthier Global Product Manager, Corrugator
John Schnieder Product Manager, Building Products
Kaz Raczkowski Manufacturing Manager, Corrugator Belts
Raymond Harvey Plant Manager, Engineered Fabrics
Terry Reavis Global Product Manager, Engineered Fabrics
Alessandro Pieran Technical Sales Engineer, Albany International Italia
Bob Bashford Application Engineer, Corrugators
Christoper J. Connally Corporate Treasurer
Christopher J. Connelly Treasurer
Greg Zilker
Joseph M. Gaug Assistant Secretary
Kathy Drislane Customer Service Representative
Luca Bruscagnin Technical Sales Engineer, Albany International Italia
Robert Fitton Technical Service Agent, Uk and Europe
Sally Racicot Executive Assistant
Stan Kiernan Sales Agent, Uk, Ireland
Sylvain Blais Specialist, Engineered Fabrics, Canada
Christine L. Standish Director
Edgar G. Hotard Director
Erland E. Kailbourne Director
Juhani Pakkala Director
Sergey Syomin Director

Board of Directors

Name (plus bio) Position
Frank R. Schmeler Chairman
Paula H Cholmondeley Chairman
Barbara P. Wright Board of Directors

JOSEPH G. MORONE joined the Company as President on August 1, 2005. He has been a Director of the Company since 1996. He has served as President and Chief Executive Officer since January 1, 2006. From 1997 to July 2005, Dr. Morone served as President of Bentley College. Prior to joining Bentley, Dr. Morone served as Dean of the Lally School of Management and Technology at Rensselaer Polytechnic Institute and held the Andersen Consulting Professorship of Management. He is a director of Transworld Entertainment Corporation. Born 1953

Organization Position Status
Albany International Corp. CEO Current
Trans World Entertainment Corporation Chairman of The Nominating and Corporate Governance Committee Current
Albany International Corp. Board of Directors Current
Bentley College President Former
Albany International Corp. President Former

Dawne H. Wimbrow joined the Company in 1993. She has served the Company as Vice President – Global Information Services and Chief Information Officer since September 2005. She previously served the Company in various management positions in the Global Information Systems organization. From 1980 to 1993, she worked as a consultant supporting the design, development, and implementation of computer systems for various textile, real estate, insurance, and law firms.

Organization Position Status
Albany International Corp. Chief Information Officer Current
Albany International Corp. Vice President, Global Information Services Current

Mr. Nahl is Executive Vice President and Chief Financial Officer of Albany International Corporation, a manufacturer of paper machine clothing, which are the belts of fabric that carry paper stock through the paper production process. In 1981, Mr. Nahl joined Albany International Corporation as Group Vice President, Corporate and was appointed to his present position in 2005. Mr. Nahl is currently a director of Lindsay Manufacturing Co.

Organization Position Status
Albany International Corp. Chief Financial Officer Current
Albany International Corp. Executive Vice President Current
Lindsay & Associates Chairman Current
GrafTech International Ltd. Chairman Current
Albany International Corp. Board of Directors Current
Albany International Corp. Senior Vice President Former
Albany International Corp. Group Vice President, Corporate Former
GrafTech International Ltd. Director Current

Ralph M. Polumbo joined the Company in 2006 as Senior Vice President - Human Resources and has served as the Chief Administrative Officer (CAO) since September 2008. From 2004 to April 2006 he served as Head of Human Capital for Deephaven Capital Management. From 1999 to 2004, he served as Vice President Human Resources and Business Integration for MedSource Technologies. Prior to MedSource, he held the positions of Vice President Integration, and Vice President Human Resources for Rubbermaid. From 1974 to 1994, he held various management and executive positions for The Stanley Works.

Organization Position Status
Albany International Corp. Senior Vice President, Hr & Cao Current
Deephaven Capital Management LLC Head of Human Capital Former

Organization Position Status
Albany International Corp. Executive Vice President, Global Planning, Engineering and Procurement Current

Organization Position Status
Albany International Corp. Senior Vice President Current

JOHN C. STANDISH joined the company in 1986. He has been a Director of the Company since 2001. He has served as Senior Vice President - Manufacturing, Americas Business Corridor since March 1, 2005. He previously served as Director, North American Dryer Manufacturing from 2003 to March 1, 2005, Director, PAC Pressing and Process Technology from 2000 to 2003, Manager of the Company's forming and engineered fabrics manufacturing facility in Portland, Tennessee from 1998 to 2000, Production Manager of Albany International B.V. in Europe from 1994 to 1998, a Department Manager for the Press Fabrics Division from 1991 to 1994 and Design Engineer for Albany International Canada from 1986 to 1991. He is a Director of the J. S. Standish Company. He is the brother of Christine L. Standish and the son of J. Spencer Standish. Born 1963

Organization Position Status
Albany International Corp. Senior Vice President Current
Albany International Corp. Director Current
Albany International Corp. Manager Former
Albany International Corp. Design Engineer Former

Organization Position Status
Albany International Corp. Senior Vice President, Legal Current

Organization Position Status
Albany International Corp. Vice President & Executive Director, R & D Current

Charles J. Silva, Jr. joined the Company in 1994. He has served the Company as Vice President – General Counsel and Secretary since 2002 and as Assistant Secretary since 1996. He served as Assistant General Counsel from 1994 until 2002. Prior to 1994, he was an associate with Cleary, Gottlieb, Steen and Hamilton, an international law firm with headquarters in New York City.

Organization Position Status
Albany International Corp. General Counsel, Secretary & Vice President Current
Albany International Corp. Board of Directors Current
Albany International Corp. General Counsel Former

Daniel A. Halftermeyer joined the Company in 1987. He has served the Company as Group Vice President – PMC Eurasia Business Corridor since August 2008. He previously served the Company as Group Vice President – PMC Europe from 2005 to August 2008, Vice President and General Manager – North American Dryer Fabrics from 1997 to March 2005, Technical Director – Dryer Fabrics from 1993 to 1997. He held various technical and management positions in St. Stephen, South Carolina and Sélestat, France, from 1987 to 1993.

Organization Position Status
Albany International Corp. Group Vice President Current

Organization Position Status
Albany International Corp. Group Vice President Current

Organization Position Status
Albany International Corp. Group Vice President, PMC Asia & Africa Current

David M. Pawlick joined the Company in 2000. He has served the Company as Vice President Controller since March 2008, and as Director of Corporate Accounting from 2000 to 2008. From 1994 to 2000 he served as Director of Finance and Controller for Ahlstrom Machinery, Inc. in Glens Falls, New York. Prior to 1994, he was employed as an Audit Manager for Coopers & Lybrand.

Organization Position Status
Albany International Corp. Vice President Controller Current

Organization Position Status
Albany International Corp. Group Vice President Current

David joined AIER as Chief Financial Officer in 2008. He most recently was Chief Financial Officer at Starfire Systems, Inc. in Malta, New York and prior to that, he worked at Albany International Corp. He started there as Tax Manager and ultimately rose to the post of Vice President, Treasury and Tax, Treasurer and Chief Risk Officer. He also worked at Veeco Instruments in Melville, Long Island, as Controller, Tax Manager, Consolidations Accountant and Cost Accountant. Additionally, he served as an Auditor for the New York State Department of Audit and Control. David earned his Bachelor of Science degree with majors in accounting and finance and a minor in economics from the University at Albany. He did graduate-level coursework at the C.W. Post campus of Long Island University. David is a member of the Association of Financial Professionals and has served as a guest lecturer at the Lally School's MBA program; treasurer and director of the Schodack Area Land Trust, Inc.; vice chairman of the board of directors of the Business Development Center; an advisory board member of the Capital District YMCA; and director and vice president of the Country Club of Troy, New York.

Organization Position Status
Aier Chief Financial Officer Current
Albany International Corp. Vice President, Treasurer & Tax Current
Econjournalwatch.Org Current
Starfire Systems, Inc. Chief Financial Officer Former
Long Island Tax Manager Former
Veeco Instruments, Inc. Tax Manager Former
Veeco Instruments, Inc. Controller Former
Long Island Controller Former
Veeco Instruments, Inc. Consolidations Accountant Former
Long Island Consolidations Accountant Former
University Corp. Bachelor of Science Degree Former

Organization Position Status
Albany International Corp. Group Vice President Current

John B. Cozzolino joined the Company in 1994. He was elected Vice President - Corporate Treasurer and Strategic Planning in February 2009. From 2007 until his appointment as Vice President - Corporate Treasurer and Strategic Planning, he served the Company as Vice President – Strategic Planning. From 2000 until 2007 he served as Director – Strategic Planning and from 1994 to 2000 he served as Manager – Corporate Accounting.

Organization Position Status
Albany International Corp. Vice President, Strategic Planning Current

Michael J. Joyce joined the Company in 1987. He has served as Group Vice President – PMC Americas & Global Engineered Fabrics since January 2009, Group Vice President – PMC Americas from March 2007 to January 2009, Vice President Sales and Marketing – PMC Americas from March 2005 to March 2007, Vice President Marketing and Application – North American Press Fabrics from July 2003 to March 2005, and Vice President Marketing – Geschmay Corporate from 2002 to 2003. He held various sales, marketing, technical, and management positions in Kalamazoo, Michigan; Albany, New York; and Greenville, South Carolina, from 1987 to 2002.

Organization Position Status
Albany International Corp. Group Vice President Current

Organization Position Status
Albany International Corp. Vice President Current
Albany International Corp. Board of Directors Current

Robert A. Hansen joined the Company in 1981. He has served the Company as Vice President – Corporate Research and Development since April 2006. He previously served the Company as Director of Technical and Marketing – Europe Press Fabrics from 2004. From 2000 to 2004, he served as the Technical Director – Press Fabrics, Göppingen, Germany. Previously he had the position of Technical Director in Dieren, The Netherlands, and had also held technical management and research and development positions in the Company’s Järvenpää, Finland and Albany, New York facilities.

Organization Position Status
Albany International Corp. Vice President, Corporate R&D Current

Organization Position Status
Albany International Corp. Group Vice President Current

Organization Position Status
Albany International Corp. Technical Director, Mexico Current

Organization Position Status
Albany International Corp. Director, Sales & Marketing Current

Prior to founding Barrantys LLC, Tom was a partner in the Buffalo Law firm Phillips Lytle, where he concentrated his practice on estates and trusts, corporate governance, closely held companies, foundations and not-for-profit entities. Tom is chair emeritus of the Buffalo Niagara Medical Campus (BNMC), a nonprofit corporation founded to cultivate a world-class medical campus in downtown Buffalo. He co-founded The BISON Fund, the Buffalo Inner-City Scholarship Opportunity Network, which funds scholarships for low-income students seeking private elementary education. He served on the Board of Regents of Canisius College; was a member of the Buffalo Philharmonic Orchestra Society and chaired the Boards of the Buffalo General Hospital and Kaleida Health System. He has served on the boards of over a dozen companies, both private and public; four foundations and more than 30 community organizations, including his role as Chair of the Investment Committee of the Community Foundation of Greater Buffalo. Tom has spent much of his career counseling families in connection with corporate governance, liquidity planning and estate preservation. Tom has a B.A. from the College of the Holy Cross, Worcester, Massachusetts and a J. D. from State University of New York at Buffalo.

Organization Position Status
Barrantys LLC Founder Current
Albany International Corp. Lead Director Current
Canisius College Regent Emeritus Current
Barrantys LLC Chairman Current
Albany International Corp. Director Current
Erie County Bar Association Board of Directors Current
Buffalo Niagara Medical Campus, Inc Board of Directors Current
Erie County Bar Association Member Current
Phillips Lytle Llp Partner Former
Phillips Lytle Llp Counsel Former
Rand Capital Corporation Chairman of the Board Former
The Regents Board of Directors Former
Massachusetts, Inc. B.A. Former
College of the Holy Cross B.A. Former

Organization Position Status
Albany International Corp. Sales Director, Corrugator Belts Current
Albany International Corp. Global Production Manager Current

Organization Position Status
Albany International Corp. Accounting Manager, USA East Current

Organization Position Status
Albany International Corp. Account Manager, Albany International Australia Current

Organization Position Status
Albany International Corp. Accounting Manager, Mexico Current

Organization Position Status
Albany International Corp. Global Product Manager, Corrugator Current

Organization Position Status
Albany International Corp. Product Manager, Building Products Current

Organization Position Status
Albany International Corp. Manufacturing Manager, Corrugator Belts Current

Organization Position Status
Albany International Corp. Plant Manager, Engineered Fabrics Current

Organization Position Status
Albany International Corp. Global Product Manager, Engineered Fabrics Current

Organization Position Status
Albany International Corp. Technical Sales Engineer, Albany International Italia Current

Organization Position Status
Albany International Corp. Application Engineer, Corrugators Current

Organization Position Status
Albany International Corp. Corporate Treasurer Current
Albany International Corp. Treasurer Current

Organization Position Status
Albany International Corp. Treasurer Current
Albany International Corp. Treasurer Former

Organization Position Status
Albany International Corp. Current

Joseph M. Gaug joined the Company in 2004. He has served the Company as Associate General Counsel since 2004 and as Assistant Secretary since 2006. Prior to 2004, he was a principal with McNamee, Lochner, Titus & Williams, P.C., a law firm located in Albany, New York.

Organization Position Status
Albany International Corp. Assistant Secretary Current
Albany International Corp. Board of Directors Current
Trans World Entertainment Corporation Director Current

Organization Position Status
Albany International Corp. Customer Service Representative Current

Organization Position Status
Albany International Corp. Technical Sales Engineer, Albany International Italia Current

Organization Position Status
Albany International Corp. Technical Service Agent, Uk and Europe Current

Organization Position Status
Albany International Corp. Executive Assistant Current

Organization Position Status
Albany International Corp. Sales Agent, Uk, Ireland Current

Organization Position Status
Albany International Corp. Specialist, Engineered Fabrics, Canada Current

Organization Position Status
Albany International Corp. Chairman Current
Albany International Corp. Board of Directors Current
Albany International Corp. Chief Executive Officer Former
Albany International Corp. President Former
Albany International Corp. Chief Operating Officer Former
Albany International Corp. Executive Vice President Former

Ms. Cholmondeley is a private consultant on Strategic Planning. She served as the Vice President and General Manager of Specialty Products for Sappi Fine Paper, a subsidiary of Sappi Limited from April 2000 until January 2004, and prior to that from January 1998 until April 2000, she was a private consultant on Strategic Planning and Mergers and Acquisitions. From 1992 until January 1998, Ms. Cholmondeley held various management positions with Owens Corning, including General Manager of Residential Insulation. Ms. Cholmondeley served as a White House Fellow and a Special

Organization Position Status
Globewomen, Inc Chief Executive Officer of the Sorrel Group Former
Blue & Co. LLC Senior Vice President Current
Albany International Corp. Chairman Current
Tenex Corporation Board of Directors Current
Albany International Corp. Director Current
Ultralife Batteries, Inc. Director Current
Minerals Technologies, Inc. Director Current
Terex Corporation Board of Directors Current
Terex-Telelect, Inc. Board of Directors Current
Dentsply International Inc. Director Current
Equipment Rental Board of Directors Current
Terex Roadbuilding NA Board of Directors Current
Terex King of The Dirt Board of Directors Current
Sappi Fine Paper North America Vice President Former
Owens Corning General Manager, Residential Insulation Former
Sappi Fine Paper North America General Manager Former
Ultralife Batteries, Inc. Chair Former
Wharton Graduate School of the University of Pennsylvania Master of Science Degree In Accounting Former
The Wharton School of the University of Pennsylvania Master of Science Degree In Accounting Former
Howard University Bachelors Degree Former

Organization Position Status
Albany International Corp. Board of Directors Current

CHRISTINE L. STANDISH has been a Director of the Company since 1997. From 1989 to 1991, she served the Company as a Corporate Marketing Associate, and was previously employed as a Graphic Designer for Skidmore, Owings & Merrill. She is a Director of the J. S. Standish Company and a member of the Board of Trustees of the Albany Academy for Girls and the Albany Academy. She is the sister of John C. Standish and the daughter of J. Spencer Standish. Born 1965

Organization Position Status
Albany International Corp. Director Current
Albany Institute of History & Art Director Current
Albany International Corp. Corporate Marketing Associate Former
Skidmore Owings & Merrill LLP Graphic Designer Former
Rochester Institute of Technology Former

Organization Position Status
Arch Venture Partners chairman of Monitor Group (China), and a venture partner Current
MPM Capital Limited Partnership Venture Partner Current
Monitor Group Consultant Current
Monitor Group Chairman Current
Shona Energy Company, Inc. Board of Directors Current
Albany International Corp. Director Current
Global Industries, Ltd. Board of Directors Current
Global Industries Inc. Director Current
US-China Business Council Board of Directors Current
President's Circle Board of Directors Current
Albany International Corp. Member of the Compensation Committee Current
President's Circle Member Current
Praxair Inc. President Former
Union Carbide Corporation President Former
Praxair Inc. Chief Operating Officer Former
Praxair Inc. Corporate Vice President Former
The Dow Chemical Company Corporate Vice President Former
Union Carbide Corporation Vice President Former
Arch Venture Partners Consultant Former
MPM Capital Limited Partnership Senior Advisor Former
Arch Venture Partners Board of Directors Former
Global Power Equipment Group Inc. Board of Directors Former
State University of New York at Buffalo Executive MBA program between Remin University in Beijing Former
Northwestern University BS Degree In Mechanical Engineering Former
Northwestern University Graduate Former

Organization Position Status
New York Independent System Operator, Inc. Current
Financial Institutions, Inc. Chairman of the Board Current
Rand Capital Corporation Chair Current
The State University of New York Vice Chairman Current
Albany International Corp. Director Current
The Farash Corporation Director Current
Fleet National Bank Chief Executive Officer Former
Adelphia Communications Corporation Interim Chief Executive Officer Former
Fleet Bank Chief Executive Officer Former
First Union Bank President Former
The New York Bankers Association, Inc. Chairman Former
Adelphia Communications Corporation Chairman Former
Fleet National Bank Chairman Former
Fleet Bank Chairman Former
New York Business Development Corporation Director Former
The State University of New York degree in Business Administration Former

JUHANI PAKKALA has been a Director of the Company since 2004. Mr. Pakkala previously served as President and Chief Executive Officer of Metso Paper Inc. (formerly Valmet Corporation), in Finland, from 1999 until his retirement in July 2003. Metso Paper, a subsidiary of Metso Corporation, is one of the world's largest suppliers of pulp and paper process machinery and equipment. Prior to that time, Mr. Pakkala served in a number of executive positions in companies in the Metso (formerly Valmet) Group in Finland, the United States, and Canada. Born 1945

Organization Position Status
Albany International Corp. Director Current
Albany International Corp. Member of the Governance Committee Current

Organization Position Status
Albany International Corp. Director Current
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     AIN $19.47 +0.08 (0.41% )
Average Volume 181,938
Shares Outstanding 27.45M
Market Cap 534.4M
Year High 21.69
Year Low 4.86
Earnings Per Share -3.41
P/E Ratio -5.71
Dividend 0.48
Yield 2.47
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