ROCHESTER, N.H.--(BUSINESS WIRE)--Dec. 15, 2016--
Albany International Corp. (NYSE:AIN) announced today that Kenneth W.
Krueger has been elected to its Board of Directors.
Mr. Krueger, age 60, currently serves as the Chairman of the Board of
Manitowoc Company, Inc. He has been a member of the Manitowoc Board of
Directors since 2004. From October 2015 until March 2016, he also served
as Manitowoc’s interim President and CEO. Mr. Krueger served as Chief
Operating Officer of Bucyrus International, Inc., a global manufacturer
of mining equipment, from 2006 to 2009, having previously served as
Executive Vice President from 2005 to 2006. Mr. Krueger also served as
Senior Vice President and Chief Financial Officer of A.O. Smith Corp., a
global manufacturer of water heating and treatment systems, from 2000 to
2005, and as Vice President, Finance and Planning for the Hydraulics,
Semiconductor and Specialty Controls business segment of Eaton
Corporation in 1999 and 2000.
Mr. Krueger has served as a director of Douglas Dynamics, Inc. since
2012, and is currently chair of the audit committee. He also serves on
the company’s compensation and nominating and governance committees.
Albany International Chairman Erland E. Kailbourne said, “Ken has
extensive experience in senior operations positions at publicly traded
companies, including those with significant global manufacturing
operations. This, combined with his deep background in finance and
accounting, and his years of experience on public company boards,
including in a number of critical leadership roles, bring additional
depth and experience to the Board in these areas. I also expect that he
will make a significant contribution to the Board’s oversight of the
Company’s accounting and finance functions, as well as its internal
controls over financial reporting. He is an ideal addition to our Board,
and I take great pleasure in welcoming him as a new Director.”
About Albany International Corp.
Albany International Corp. is a global advanced textiles and materials
processing company, with two core businesses. Machine Clothing is the
world's leading producer of custom-designed fabrics and belts essential
to production in the paper, nonwovens, and other process industries.
Albany Engineered Composites is a rapidly growing supplier of highly
engineered composite parts for the aerospace industry. Albany
International is headquartered in Rochester, New Hampshire, operates 22
plants in 10 countries, employs 4,400 people worldwide, and is listed on
the New York Stock Exchange (Symbol AIN). Additional information about
the Company and its products and services can be found at www.albint.com.
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Source: Albany International Corp.
Albany International Corp.
Investors
John Cozzolino,
518-445-2281
john.cozzolino@albint.com
or
Media
Heather
Kralik, 801-505-7001
heather.kralik@albint.com