Albany International Management

Management criteria checks 2/4

Albany International's CEO is Gunnar Kleveland, appointed in Sep 2023, has a tenure of less than a year. total yearly compensation is $4.85M, comprised of 6.2% salary and 93.8% bonuses, including company stock and options. directly owns 0.018% of the company’s shares, worth €461.87K. The average tenure of the management team and the board of directors is 4.2 years and 4.9 years respectively.

Key information

Gunnar Kleveland

Chief executive officer

US$4.8m

Total compensation

CEO salary percentage	6.2%
CEO tenure	less than a year
CEO ownership	0.02%
Management average tenure	4.2yrs
Board average tenure	4.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Gunnar Kleveland's remuneration changed compared to Albany International's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$5m	US$300k	US$111m

Compensation vs Market: Gunnar's total compensation ($USD4.85M) is above average for companies of similar size in the German market ($USD2.56M).

Compensation vs Earnings: Insufficient data to compare Gunnar's compensation with company performance.

CEO

Gunnar Kleveland (53 yo)

less than a year

Tenure

US$4,847,149

Compensation

Mr. Gunnar Kleveland serves as President,CEO & Director of Albany International Corp. since September 1, 2023. He joined Albany International Corp. in 2023. He served as President and Chief Executive Offic...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gunnar Kleveland	President	less than a year	US$4.85m	0.018% $ 461.9k
Robert Starr	Executive VP & CFO	less than a year	US$2.61m	0.0052% $ 131.9k
Joseph Gaug	VP, Secretary & General Counsel	3.9yrs	US$1.36m	0.019% $ 476.2k
Daniel Halftermeyer	President of Machine Clothing	12.2yrs	US$3.98m	0.20% $ 5.2m
Gregory Harwell	President of Albany Engineered Composites	4.4yrs	US$3.28m	0.041% $ 1.0m
John Tedone	VP, Controller & Chief Accounting Officer	1.3yrs	no data	no data
Robert Hansen	Senior VP & CTO	14.3yrs	US$743.94k	0.023% $ 601.4k
John Hobbs	Director of Investor Relations	no data	no data	no data
Susan Siegel	Vice President of Corporate Communications	no data	no data	no data
Alice McCarvill	Executive VP of Human Resources & Chief Human Resources Officer	6.1yrs	US$880.26k	0.020% $ 518.2k

4.2yrs

Average Tenure

58.5yo

Average Age

Experienced Management: AII's management team is considered experienced (4.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gunnar Kleveland	President	less than a year	US$4.85m	0.018% $ 461.9k
Kenneth Krueger	Independent Director	7.3yrs	US$257.50k	0.034% $ 881.7k
Erland Kailbourne	Independent Director	25.3yrs	US$273.25k	0.16% $ 4.0m
Katharine Plourde	Independent Director	10.9yrs	US$251.75k	0.051% $ 1.3m
J. McQuade	Independent Director	3.3yrs	US$216.50k	0.024% $ 626.0k
John Scannell	Independent Chairman	12.2yrs	US$236.00k	0.063% $ 1.6m
Christina Alvord	Independent Director	2.2yrs	US$211.50k	0.0089% $ 228.9k
Mark Murphy	Independent Director	4.9yrs	US$215.50k	0.029% $ 744.0k
Andrew Higgins	Director	7.6yrs	US$4.70m	0.21% $ 5.4m
Russell Toney	Independent Director	2.1yrs	US$210.50k	0.0078% $ 198.7k
Bonnie Lind	Independent Director	less than a year	no data	no data

4.9yrs

Average Tenure

64yo

Average Age

Experienced Board: AII's board of directors are considered experienced (4.9 years average tenure).

Albany International Management

Management criteria checks 2/4

Key information

Recent management updates

Albany International Corp., Annual General Meeting, May 10, 2024

Albany International Corp. Announces Board Changes

Senior VP & CTO recently sold €360k worth of stock

Albany International Corp. Announces Chief Executive Officer Changes, Effective September 1

Senior VP & CTO recently sold €183k worth of stock

Albany International Corp., Annual General Meeting, May 20, 2022

Recent updates

Albany International Corp. to Report Q1, 2024 Results on Apr 29, 2024

Albany International Corp., Annual General Meeting, May 10, 2024

Upcoming dividend of US$0.26 per share

Fourth quarter dividend of US$0.26 announced

Full year 2023 earnings released: EPS: US$3.57 (vs US$3.06 in FY 2022)

Albany International Corp. Announces Board Changes

Albany International Corp. to Report Q4, 2023 Results on Feb 26, 2024

Now 21% undervalued

Albany International Corp. Declares Quarterly Dividend, Payable on January 8, 2024

Third quarter 2023 earnings released: EPS: US$0.87 (vs US$0.34 in 3Q 2022)

Albany International Corp. to Report Q3, 2023 Results on Nov 06, 2023

Albany International Corp. (NYSE:AIN) completed the acquisition of Heimbach GmbH & Co. KG for approximately €154 million.

Senior VP & CTO recently sold €360k worth of stock

Albany International Declares Quarterly Dividend, Payable on October 6, 2023

Albany International Corp. Announces Chief Executive Officer Changes, Effective September 1

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: US$0.86 (vs US$1.25 in 2Q 2022)

Now 21% undervalued

Albany International Corp. to Report Q2, 2023 Results on Jul 26, 2023

Albany International Corp. (NYSE:AIN) entered into a definitive agreement to acquire Heimbach GmbH & Co. KG for an enterprise value of approximately €153 million.

Albany International Corp. (NYSE:AIN) entered into a definitive agreement to acquire Heimbach GmbH & Co. KG for an enterprise value of approximately €153 million.

Upcoming dividend of US$0.25 per share at 1.2% yield

Albany International Corp. Declares a Quarterly Dividend, Payable on July 10, 2023

First quarter 2023 earnings released: EPS: US$0.86 (vs US$0.87 in 1Q 2022)

Upcoming dividend of US$0.25 per share at 1.0% yield

Senior VP & CTO recently sold €183k worth of stock

Full year 2022 earnings released: EPS: US$3.06 (vs US$3.66 in FY 2021)

Albany International Corp. Provides Earnings Guidance for the Full Year 2023

Albany International Corp. to Report Q4, 2022 Results on Feb 13, 2023

Albany International Corp. Declares Quarterly Dividend, Payable on January 9, 2023

Now 21% undervalued

Third quarter 2022 earnings released: EPS: US$0.34 (vs US$0.95 in 3Q 2021)

Albany International Corp. Provides Earnings Guidance for the Full Year 2022

Albany International Corp. to Report Q3, 2022 Results on Oct 24, 2022

Albany International Corp. Declares Dividend, Payable on October 7, 2022

Second quarter 2022 earnings released: EPS: US$1.25 (vs US$0.97 in 2Q 2021)

Albany International Corp. Revises Earnings Guidance for the Year 2022

Albany International Corp. to Report Q2, 2022 Results on Jul 25, 2022

Upcoming dividend of US$0.21 per share

Albany International Corp. Declares Quarterly Dividend, Payable on July 8, 2022

First quarter 2022 earnings released: EPS: US$0.87 (vs US$0.85 in 1Q 2021)

Albany International Corp. Provides Earnings Guidance for the Year 2022

Albany International Corp., Annual General Meeting, May 20, 2022

Albany International Corp. to Report Q1, 2022 Results on Apr 25, 2022

Upcoming dividend of US$0.21 per share

Albany International Corp. Declares Quarterly Dividend on Its Class A and Class B Common Stock, Payable on April 7, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Albany International Corp. Elects Christina M. Alvord to Board of Directors

Third quarter 2021 earnings released: EPS US$0.95 (vs US$0.92 in 3Q 2020)

Executive Officer David Pawlick has left the company

Second quarter 2021 earnings released: EPS US$0.97 (vs US$1.00 in 2Q 2020)

Upcoming dividend of US$0.20 per share

Independent Director has left the company

Albany International Corp. Declares Quarterly Dividend on the Class A and Class B Common Stock, Payable on July 8, 2021

First quarter 2021 earnings released: EPS US$0.85 (vs US$0.28 in 1Q 2020)

Albany International Corp. Provides Earnings Guidance for the Year 2021

Full year 2020 earnings released: EPS US$3.05 (vs US$4.10 in FY 2019)

Revenue beats expectations

New 90-day high: €66.00

Full year 2020 earnings released: EPS US$3.05 (vs US$4.10 in FY 2019)

Revenue beats expectations

David M. Pawlick to Retire as Vice-President, Controller and Principal Accounting Officer of Albany International Corp., with Effect from September 30, 2021

New 90-day high: €62.00

Albany International Corp. to Report Q4, 2020 Results on Feb 10, 2021

Albany International Corp. Elects J. Michael McQuade to Its Board of Directors

Market bids up stock over the past week

Market bids up stock over the past week

New 90-day high: €50.50

Third-quarter earnings released: Revenue beats expectations