Kenneth W. Krueger Elected to Albany International Corp. Board
December 15 2016 - 2:45PM
Business Wire
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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version on businesswire.com: http://www.businesswire.com/news/home/20161215006272/en/
Albany International Corp.InvestorsJohn Cozzolino,
518-445-2281john.cozzolino@albint.comorMediaHeather Kralik,
801-505-7001heather.kralik@albint.com
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