---
schema_version: "secwatch.filing_event.v1"
accession: "0000819793-23-000078"
form_type: "8-K"
ticker: "AIN"
cik: "0000819793"
company_name: "ALBANY INTERNATIONAL CORP /DE/"
filed_at: "2023-08-21T23:59:59+00:00"
generated_at: "2026-06-11T06:39:26.848837+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Albany International appoints Gunnar Kleveland as President and CEO, succeeding William Higgins

## Summary
- William Higgins retires as President and CEO effective Sept 1, 2023; remains on Board.
- Gunnar Kleveland appointed President and CEO and elected to Board effective same date.
- Kleveland's agreement: $900,000 base salary, target cash bonus 100%, sign-on RSUs $1.9 million.
- Gregory Harwell granted $1.5M performance share retention award; vests based on employment and performance.
- Kleveland was previously President and CEO of Textron Specialized Vehicles, with aerospace experience.

## SEC filing metadata
- accession: 0000819793-23-000078
- form_type: 8-K
- ticker: AIN
- cik: 0000819793
- company_name: ALBANY INTERNATIONAL CORP /DE/
- filed_at: 2023-08-21T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/819793/000081979323000078/0000819793-23-000078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/819793/000081979323000078/ain-20230821.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000819793-23-000078
- JSON: https://secwatch.observer/filing/0000819793-23-000078.json
- Plain text: https://secwatch.observer/filing/0000819793-23-000078.txt

## Key facts
- Executive change
  A. William Higgins retired as President and Chief Executive Officer at ALBANY INTERNATIONAL CORP /DE/.
  - Action: retired
  - Role: President and Chief Executive Officer
  source text: A. William Higgins, its President and Chief Executive Officer, will retire as an officer of the Company on September 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/819793/000081979323000078/0000819793-23-000078-index.htm
- Executive change
  Gunnar Kleveland was elected as Director at ALBANY INTERNATIONAL CORP /DE/.
  - Action: elected
  - Role: Director
  source text: and elected Mr. Kleveland to serve as a member of the Board effective that same date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/819793/000081979323000078/0000819793-23-000078-index.htm
- Executive change
  Gunnar Kleveland was appointed as President and Chief Executive Officer at ALBANY INTERNATIONAL CORP /DE/.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: The Board has appointed Gunnar Kleveland to succeed Mr. Higgins as President and Chief Executive Officer of the Company effective September 1, 2023, and elected Mr. Kleveland to serve as a member of the Board effective that same date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/819793/000081979323000078/0000819793-23-000078-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.