Albany International Announces CFO Resignation and Interim Appointment

Albany International ( (AIN) ) has provided an update.

On May 16, 2025, Albany International Corp. announced the resignation of its Chief Financial Officer, Robert Starr, effective May 23, 2025. Starr’s departure is not due to any disagreements over financial practices, and he will receive a separation package as part of a Voluntary Separation Agreement. The company has appointed Jairaj (JC) Chetnani as interim CFO while a formal search for a permanent replacement is conducted. Chetnani, who has been with Albany since 2023, brings over 27 years of financial experience, particularly in the Aerospace & Defense sector, ensuring continuity and a seamless transition for the company.

The most recent analyst rating on (AIN) stock is a Hold with a $85.00 price target. To see the full list of analyst forecasts on Albany International stock, see the AIN Stock Forecast page.

Spark’s Take on AIN Stock

According to Spark, TipRanks’ AI Analyst, AIN is a Outperform.

Albany International’s solid financial foundation and strategic initiatives contribute positively, while technical weakness and valuation concerns weigh down the score. The company’s strategic wins and positive earnings sentiment support a favorable outlook.

To see Spark’s full report on AIN stock, click here.

More about Albany International

Albany International is a leading developer and manufacturer of engineered components, leveraging advanced materials processing and automation capabilities. The company operates two core businesses: Machine Clothing, which is the world’s leading producer of custom-designed, consumable belts for the manufacture of paper and other industrial applications, and Albany Engineered Composites, which designs and manufactures advanced materials-based components for aerospace applications. Headquartered in Rochester, New Hampshire, Albany International operates 30 facilities in 13 countries and employs approximately 5,400 people worldwide.

Average Trading Volume: 277,811

Technical Sentiment Signal: Sell

Current Market Cap: $2.09B

See more data about AIN stock on TipRanks’ Stock Analysis page.