Joseph G. Morone is the former CEO of Albany International Inc., a position he held from January 1, 2006, until January 20, 2019. He holds a Bachelor’s degree in Engineering from the University of Pennsylvania, showing a solid educational background...

Joseph G. Morone is the former CEO of Albany International Inc., a position he held from January 1, 2006, until January 20, 2019. He holds a Bachelor’s degree in Engineering from the University of Pennsylvania, showing a solid educational background in a technical field. Under his leadership, Joseph’s compensation varied quite a bit over the years, peaking at about $3.9 million in total in 2019, which included a significant performance bonus of $1.7 million. His time at Albany International was marked not just by financial success but also by his strategic decisions that emphasized engineering innovations. Interestingly, Joseph started at Albany as President for a brief period before taking on the CEO role. During his time, he saw the company's growth evolve through various performance metrics that guided his bonus structures. He remained focused on aligning employee performance with company goals, which reflects a broader approach to executive leadership that balances individual and corporate success. He also received no stock or options grants since 2002, indicating his preference for focusing on the salary and cash bonuses rather than long-term stock performance, which is intriguing for a CEO.