Frank R. Schmeler is the former CEO of Albany International Corp., a company he led starting in 2005. He holds a Bachelor's degree in Engineering from the University of Michigan, which laid the foundation for his expertise in the engineering...
Frank R. Schmeler is the former CEO of Albany International Corp., a company he led starting in 2005. He holds a Bachelor's degree in Engineering from the University of Michigan, which laid the foundation for his expertise in the engineering field. During his time at the company, his compensation in 2005 included a salary of around $741,521 and a bonus of approximately $532,638, showcasing his successful leadership in meeting business goals. Interestingly, he was granted 42,000 shares as part of a performance-based incentive, which reflects his alignment with the company's success. Before joining Albany International, Schmeler gathered extensive experience in various executive roles and earned notable pension benefits upon retirement. As of 2005, he was holding different secured stock units worth an estimated $1.2 million. Frank's professional journey, marked by significant insider trading and compensation decisions, highlights his impactful presence in the corporate world. He's a strategic thinker, balancing the hard numbers with a clear focus on performance metrics.