Albany International CFO Nolan resigns; Starr named successor effective April 10

ALBANY INTERNATIONAL CORP /DE/

CFO Stephen Nolan resigns effective April 7, 2023, to join a private company; not related to financial disagreements.
Robert D. Starr, former CFO of Fairbanks Morse Defense, appointed CFO and Treasurer effective April 10, 2023.
Starr's initial base salary $570,000; eligible for short-term incentive target of 70% of base and long-term grants.
Starr has over 30 years experience, including as EVP/CFO of Kaman Corporation from 2013 to 2021.
Nolan served as CFO since April 2019; departure described as voluntary with strong balance sheet.

item 5.02 item 9.01

Executive movements

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Appointed

Robert Starr

Chief Financial Officer and Treasurer

AIN · ALBANY INTERNATIONAL CORP /DE/

Effective: 2023-04-10
Filed: March 23, 2023, 7:59 PM ET

The Company also announced that Robert Starr, former Chief Financial Officer of Fairbanks Morse Defense, has been named the Company’s Chief Financial Officer and Treasurer to succeed Mr. Nolan, effective April 10, 2023.

Departed

Stephen Nolan

Chief Financial Officer and Treasurer

AIN · ALBANY INTERNATIONAL CORP /DE/

Effective: 2023-04-07
Successor: Robert Starr
Filed: March 23, 2023, 7:59 PM ET

On March 23, 2023, Albany International Corp. (“the Company”) announced that it had accepted the resignation of Stephen Nolan, its Chief Financial Officer and Treasurer effective April 7, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert Starr was named as Chief Financial Officer and Treasurer at ALBANY INTERNATIONAL CORP /DE/.

Action: named
Role: Chief Financial Officer and Treasurer

Exact text from the filing

The Company also announced that Robert Starr, former Chief Financial Officer of Fairbanks Morse Defense, has been named the Company’s Chief Financial Officer and Treasurer to succeed Mr. Nolan, effective April 10, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Stephen Nolan departed as Chief Financial Officer and Treasurer at ALBANY INTERNATIONAL CORP /DE/.

Action: resignation
Role: Chief Financial Officer and Treasurer

Exact text from the filing

On March 23, 2023, Albany International Corp. (“the Company”) announced that it had accepted the resignation of Stephen Nolan, its Chief Financial Officer and Treasurer effective April 7, 2023.

View on SEC.gov

ALBANY INTERNATIONAL CORP /DE/ filing history →

Source: SEC EDGAR

accession 0000819793-23-000023

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