Sundar PichaiSundar Pichai earned $164M in 2023

Gunnar Kleveland is the current CEO of Albany International, having joined the company in September 2023. He holds a Bachelor’s degree in Aeronautics and an MBA, bringing substantial experience from Textron, where he led multiple divisions, including Textron Specialized Vehicles....

Quick Links
A

Gunnar Kleveland

CEO of Albany International Inc.

Education

Bachelor's degree in Aeronautics from Embry Riddle Aeronautical University and an MBA from Midwestern State University

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

May 15, 1969 - 55 years ago

CEO of Albany International Inc. for

1 year 7 months (Sep 2023 - Present)

Previous Experience

President and CEO of Textron Specialized Vehicles Inc.

Holdings

See how much did Gunnar Kleveland make over time.

Gunnar Kleveland has joined Albany International as CEO, marking a significant shift in leadership. Under his administration, the company has focused on sustainability, including innovative technologies in aerospace and industrial applications. His previous leadership roles at Textron showcase an emphasis...

Insider Trading

See recent insider trades of Gunnar Kleveland.

AIN

$105.85K

AIN at $84.68/share

May 3, 2024

Purchase

Compensation History

See how much did Gunnar Kleveland make over time.

In 2023, Gunnar Kleveland's total compensation reached $4,247,149, reflecting a strong performance-based structure. His base salary is $900,000, enhanced significantly by a bonus tied to the Annual Performance Period, potentially reaching 100% of his base. Additionally, he received performance stock units with a grant date value equivalent to his base salary. This setup ensures that Gunnar's interests are directly aligned with those of the company and its shareholders, as substantial portions of his earnings hinge upon meeting specific performance metrics. The retention of stock options and bonuses creates a direct incentive for him to foster company growth and enhance its operational success.

Year

2023

Total Compensation

$4.25M

Salary

$300.00K

Board Justification

The compensation philosophy emphasizes pay for performance, aligning executive compensation with company performance and shareholder value, while targeting total direct compensation near the market median.

Bonus

$3.30M

Board Justification

The bonus is based on the Annual Performance Period (APP) Award, which is determined by performance metrics including AIN Adjusted EBITDA and other operational goals for the fiscal year 2023.

Other

$139.67K

Board Justification

Other compensation includes contributions to retirement plans and insurance premiums paid by the company.

Restricted Stock

$507.48K(7.5K RSU)

Board Justification

The vested stock is part of the Multi-year Performance Period (MPP) Award, which is based on performance metrics over a three-year period, with shares granted in 2023.

Performance Metrics

The performance metrics for 2023 included AIN Adjusted EBITDA, total recordable incident rate (TRIR), and compliance/control measures.

Other Albany International Inc. CEOs

Here are other CEOs of Albany International Inc.