Albany International Appoints Gunnar Kleveland as President and Chief Executive Officer
21 Agosto 2023 - 9:30AM
Business Wire
Accomplished Industrial and Aerospace Executive
Brings Nearly 20 Years of Operational and Leadership Experience
Albany International Corp. (“Albany” or the “Company”) (NYSE:
AIN) today announced that its Board of Directors has appointed
Gunnar Kleveland to succeed Bill Higgins as President and CEO,
effective September 1. Mr. Kleveland will also join the Company’s
Board at that time. Mr. Higgins, who previously announced his
intention to retire as CEO, will remain a member of Albany’s
Board.
Mr. Kleveland is a seasoned executive with nearly two decades of
industrial and aerospace leadership experience at Textron Inc. Most
recently, he served as President and CEO of Textron Specialized
Vehicles Inc., which designs and manufactures a range of vehicles
and equipment for commercial and consumer applications. During his
tenure, Mr. Kleveland was instrumental in developing and executing
a strategy that leveraged the business’ expertise in electric
drivetrains and lithium-ion battery technology across its brands
and product lines. As a result, Textron was able to reduce its
vehicles’ carbon footprints and increase energy efficiency,
outperforming its peers and meeting the evolving needs of its
customers. Prior to that, Mr. Kleveland served as President of
Textron’s TRU Simulation + Training Inc. He also held various
leadership roles in strategic sourcing, supply chain and logistics
at Bell Helicopter, including as Executive Vice President of
Integrated Operations. Prior to these roles, he was a fighter pilot
in the Royal Norwegian Air Force (RNoAF) and finished his 15-year
career in the air force as the Chief of Flight Safety.
Mr. Kleveland (age 54) holds a degree from the RNoAF Academy, a
Bachelor of Science in Aeronautics from Embry Riddle Aeronautical
University and a Master of Business Administration from Midwestern
State University.
“Gunnar’s appointment is the culmination of a comprehensive
search process that the Board and Bill have worked on together over
the last several months,” said Erkie Kailbourne, Chairman of the
Albany Board of Directors. “We are pleased to have identified such
an accomplished and experienced executive and are confident that he
is the right person to lead Albany. Gunnar’s strategic vision,
focus on commercial execution and innovation and proven ability to
build strong and collaborative teams have translated to tangible
results. We look forward to leveraging his expertise to further
build on our momentum and deliver value for all of our
stakeholders.”
Mr. Kailbourne added, “On behalf of the Board, I would like to
thank Bill for his service to Albany. We are grateful for his many
contributions and will continue to benefit from his insights and
experience as a member of our Board.”
“Albany is an industry leader with a strong reputation for
innovation and technological expertise,” said Mr. Kleveland. “I am
thrilled to be joining the company and, on the heels of its pending
acquisition of Heimbach Group, to lead the next chapter of Albany’s
evolution. I look forward to working closely with Bill to ensure a
smooth transition, and to partnering with the entire Board and
leadership team as we work to advance Albany’s track record of
operational excellence and remain the partner of choice for a
growing customer base.”
Mr. Higgins said, “It has been a privilege to lead Albany and
this talented team and to see all that we have accomplished. Albany
stands today as the trusted supplier and premier partner of choice
to vital global industries, and I am confident that this team will
continue delivering unrivaled, mission-critical solutions to our
customers under Gunnar’s leadership.”
About Albany International Corp.
Albany International is a leading developer and manufacturer of
engineered components, using advanced materials processing and
automation capabilities, with two core businesses. Machine Clothing
is the world’s leading producer of custom-designed, consumable
belts essential for the manufacture of all grades of paper
products. Albany Engineered Composites is a growing designer and
manufacturer of advanced materials-based engineered components for
demanding aerospace applications, supporting both commercial and
military platforms. Albany International is headquartered in
Rochester, New Hampshire, operates 23 facilities in 11 countries,
employs more than 4,200 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
Forward-Looking Statements
Readers are cautioned that certain statements made by Albany
International herein may constitute “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995 (the “Act”). Forward-looking statements include any
statement that does not directly relate to any historical or
current fact. Forward-looking statements may project, indicate or
imply future results, events, performance or achievements, and such
statements may contain the words “expect,” “intend,” “plan,”
“anticipate,” “estimate,” “believe,” “will be,” “will continue,”
“will likely result,” and similar expressions. In addition, any
statement concerning future performance, ongoing strategies or
prospects, and possible actions taken by Albany International are
also forward-looking statements. Forward-looking statements are
based on current expectations and projections about future events
and are inherently subject to a variety of risks and uncertainties,
many of which are beyond Albany International’s control, that could
cause actual results to differ materially from those anticipated or
projected. Developments in any of the risks or uncertainties facing
Albany International, including those described in risk factors
included in annual and quarterly reports and other filings with the
Securities and Exchange Commission (“SEC”) made by Albany
International, could cause results to differ materially from
results that have been or may be anticipated or projected. Given
these risks and uncertainties, readers should not place undue
reliance on forward-looking statements. Forward-looking statements
speak only as of the date they are made and Albany International
expressly disclaims any obligation or undertaking to update these
statements to reflect any change in expectations or beliefs or any
change in events, conditions or circumstances on which any
forward-looking statement is based.
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version on businesswire.com: https://www.businesswire.com/news/home/20230821722839/en/
John Hobbs 603-330-5897 john.hobbs@albint.com
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