Albany International Corp. has announced the appointment of Merle Stein as President of its Machine Clothing business segment, effective September 1, 2024. Stein, who has been with the company since 2011, brings considerable experience in the paper and pulp industries and has served in various sales and marketing leadership roles. He holds a Bachelor’s degree in Chemical Engineering and a Master of Business Administration, both from Auburn University.
Gunnar Kleveland, Company President and CEO, expressed confidence in Stein's appointment, citing his broad industry experience and strategic understanding of the markets served by the Machine Clothing business. Kleveland also acknowledged the service of Daniel Halftermeyer, who has stepped down from the position to focus on the integration of the Heimbach acquisition.
Albany International's Machine Clothing segment is a significant part of the company's operations, as it is the world’s leading producer of custom-designed, consumable belts essential for the manufacture of paper, paperboard, tissue and towel, pulp, non-wovens, and various other industrial applications.
Albany International Corp. is headquartered in Rochester, New Hampshire, operates 32 facilities in 14 countries, employs approximately 6,000 people worldwide, and is listed on the New York Stock Exchange under the symbol AIN. Following these announcements, the company's shares moved -0.3%, and are now trading at a price of $92.78. For the full picture, make sure to review Albany International's 8-K report.
