Albany International appoints Christopher Stone as President of AEC segment, effective Aug 12

ALBANY INTERNATIONAL CORP /DE/

Christopher Stone appointed President of Albany Engineered Composites, succeeding Gregory Harwell, who no longer serves.
Stone previously served as VP & Chief Supply Chain Officer at Lockheed Martin from 2021 to 2024.
Initial base salary set at $500,000/year; target annual bonus at 70% of base; long-term incentive target at 60% of base.
Sign-on RSU award of $1.8 million, vesting one-third annually over three years.
If terminated without Cause, Stone receives 2x base salary over 24 months plus prorated bonus.

item 5.02 item 9.01

Executive movements

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Appointed

Christopher E. Stone

President of the Company's AEC business segment

AIN · ALBANY INTERNATIONAL CORP /DE/

Effective: 2024-08-12
Successor: Gregory Harwell
Filed: August 5, 2024, 7:59 PM ET

Christopher E. Stone had been appointed President of the Company's AEC business segment, and elected an officer of the Company, effective August 12, 2024.

Departed

Gregory Harwell

President of the Company's AEC business segment

AIN · ALBANY INTERNATIONAL CORP /DE/

Successor: Christopher E. Stone
Filed: August 5, 2024, 7:59 PM ET

succeeds Gregory Harwell, who no longer serves in that position.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher E. Stone was appointed as President of the Company's AEC business segment at ALBANY INTERNATIONAL CORP /DE/.

Action: appointed
Role: President of the Company's AEC business segment

Exact text from the filing

Christopher E. Stone had been appointed President of the Company's AEC business segment, and elected an officer of the Company, effective August 12, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Gregory Harwell departed as President of the Company's AEC business segment at ALBANY INTERNATIONAL CORP /DE/.

Role: President of the Company's AEC business segment

Exact text from the filing

succeeds Gregory Harwell, who no longer serves in that position.

View on SEC.gov

ALBANY INTERNATIONAL CORP /DE/ filing history →

Source: SEC EDGAR

accession 0000819793-24-000045

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