leadership
confidence high
sentiment neutral
materiality 0.50
Albany International CFO Robert Starr resigns; JC Chetnani named interim CFO
ALBANY INTERNATIONAL CORP /DE/
- CFO Robert Starr resigned effective May 23, 2025; receives $250K separation pay plus COBRA.
- Departure is unrelated to any accounting or disclosure disagreements.
- Jairaj Chetnani appointed interim CFO and interim Principal Accounting Officer effective May 23.
- Chetnani's interim base salary set at $471K/year; short-term target $119,360; retention RSUs of $75K each.
- Company has begun a formal search for a permanent CFO.
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