Albany International appoints Willard Station as new CFO

ROCHESTER, N.H. - Albany International Corp. (NYSE:AIN), a $2.13 billion market cap manufacturer with strong financial health according to InvestingPro analysis, has appointed Willard Station as Executive Vice President and Chief Financial Officer effective September 1, 2025, according to a company press release.

Station, 49, will succeed Jairaj (JC) Chetnani, who has served as interim CFO since May 23, 2025. Chetnani will continue in his role as Vice President of Investor Relations and Treasurer. The transition comes as Albany International maintains a solid financial position with a current ratio of 3.7x and moderate debt levels.

The incoming CFO most recently served as Senior Vice President of Primary Care Sales for McKesson Medical-Surgical since April 2024. Prior to that position, he was Chief Financial Officer and Senior Vice President of Finance at the McKesson subsidiary.

Station’s career includes 16 years at The Boeing Company from 2005 to 2021, where he held several senior finance roles, including Vice President and CFO of Commercial Derivatives Airplanes and Director of Financial Operations for Boeing Commercial Airplanes.

"His extensive industry background and expertise in both operations and finance will bring valuable new perspectives to our organization," said Gunnar Kleveland, Albany International’s President and CEO.

Station holds a Bachelor’s degree in Economics from Washington University and an Executive Master in International Business from Saint Louis University.

Albany International, headquartered in Rochester, New Hampshire, is a manufacturer of engineered components with two core businesses: Machine Clothing and Albany Engineered Composites. The company operates 30 facilities in 13 countries and employs approximately 5,400 people worldwide. The company has maintained dividend payments for 25 consecutive years and currently shows promising potential, with InvestingPro analysis indicating the stock may be slightly undervalued. For deeper insights into Albany International’s financial health and growth prospects, investors can access comprehensive Pro Research Reports available on InvestingPro, covering over 1,400 US stocks.

In other recent news, Albany International Corporation reported its first-quarter 2025 earnings, with an adjusted diluted earnings per share (EPS) of $0.73, slightly exceeding the consensus forecast of $0.72. Despite this positive EPS result, the company experienced a revenue shortfall, posting $289 million compared to the expected $300.67 million. Additionally, Albany International announced the resignation of its Chief Financial Officer, Robert Starr, effective May 23, 2025. Jairaj (JC) Chetnani, Vice President of Investor Relations and Treasurer, has been named interim CFO while the company searches for a permanent replacement. In personnel changes, Sean Valashinas was appointed as Vice President – Controller and Principal Accounting Officer, effective June 9, 2025. Valashinas brings over 30 years of accounting experience to the company, having previously held significant roles at Resonetics and Standex International Corporation. These developments highlight a period of transition for Albany International as it navigates leadership changes and financial challenges.

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