Albany Group names Olivier Jarrault as president & CEO
February 22, 2018 - United States Of America
Albany International Corp., a global advanced textiles and materials processing company, with two core businesses, Machine Clothing and Albany Engineered Composites, has announced that its Board of Directors has appointed Olivier Jarrault as president, chief executive officer, and BoD member to succeed Joseph G. Morone, effective March 2, 2018.
Jarrault is a 14-year veteran of Alcoa, where his career culminated in his appointment in 2011 as executive vice president and group president of Alcoa Engineered Products and Solutions (“EPS”), leading a portfolio of global advanced-technology components manufacturing businesses serving a number of markets, including aerospace, industrial gas turbines, commercial transportation, and building and construction.
He brings 26 years of aerospace and industrial experience to Albany. Prior to being named Group president of EPS, he served in a number of senior management positions at Alcoa - including as chief operating officer of EPS in 2010 and president of Alcoa Fastening Systems from 2003 to 2009 - as well as at Fairchild Fasteners and LISI Aerospace. Jarrault earned an MS in mechanical engineering from the California Institute of Technology and an MBA from UCLA.
Erkie Kailbourne, chairman of Albany’s Board of Directors said, “The Board of Directors is very pleased to welcome Olivier Jarrault as our next president and CEO. Olivier’s experience leading a portfolio of manufacturing businesses across a broad market spectrum – including aerospace, industrial gas turbines, commercial transportation, and construction - and his demonstrated talent for organisational leadership, make us confident of his ability to lead Albany’s machine clothing and AEC businesses.”
Jarrault said, “I am privileged to have the opportunity to lead Albany - a company with such a proud and compelling history, with significant strengths and exceptional growth potential. I am excited to engage with the customers, the entire Albany organisation and the Board, to continue and further expand the efforts already underway to provide greater value to our customers, and to deliver increased returns for our shareholders.” (GK)
Jarrault is a 14-year veteran of Alcoa, where his career culminated in his appointment in 2011 as executive vice president and group president of Alcoa Engineered Products and Solutions (“EPS”), leading a portfolio of global advanced-technology components manufacturing businesses serving a number of markets, including aerospace, industrial gas turbines, commercial transportation, and building and construction.
He brings 26 years of aerospace and industrial experience to Albany. Prior to being named Group president of EPS, he served in a number of senior management positions at Alcoa - including as chief operating officer of EPS in 2010 and president of Alcoa Fastening Systems from 2003 to 2009 - as well as at Fairchild Fasteners and LISI Aerospace. Jarrault earned an MS in mechanical engineering from the California Institute of Technology and an MBA from UCLA.
Erkie Kailbourne, chairman of Albany’s Board of Directors said, “The Board of Directors is very pleased to welcome Olivier Jarrault as our next president and CEO. Olivier’s experience leading a portfolio of manufacturing businesses across a broad market spectrum – including aerospace, industrial gas turbines, commercial transportation, and construction - and his demonstrated talent for organisational leadership, make us confident of his ability to lead Albany’s machine clothing and AEC businesses.”
Jarrault said, “I am privileged to have the opportunity to lead Albany - a company with such a proud and compelling history, with significant strengths and exceptional growth potential. I am excited to engage with the customers, the entire Albany organisation and the Board, to continue and further expand the efforts already underway to provide greater value to our customers, and to deliver increased returns for our shareholders.” (GK)