Albany International Names Olivier Jarrault as President and Chief Executive Officer
Feb. 13, 2018 - Albany International has named Olivier Jarrault as President, Chief Executive Officer and a member of the Board to succeed Joseph G. Morone, effective March 2.
Jarrault, 56, 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.
Jarrault 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.
Born in Lille, France, Jarrault earned an MS in mechanical engineering from the California Institute of Technology and an MBA from UCLA, and is a dual citizen of the U.S. and France.
Dr. Joseph G. Morone, Albany's outgoing President and CEO, said, "In a very short time, I have developed a deep respect for Olivier. He is a strategist, but also hands-on. He is a technology-driven, growth-oriented builder of businesses, but also pays strict attention to financial discipline. He has extensive experience with boards and investors, but stays close to operations, and has extensive experience negotiating long-term, high-value agreements with aerospace customers. In my opinion, he is superbly qualified to lead Albany."
Albany International is a global advanced textiles and materials processing company, with two core businesses — Machine Clothing (custom-designed fabrics and belts essential to production in the paper, nonwovens, and other process industries) and Albany Engineered Composites (highly engineered composite parts for the aerospace industry). To learn more, please visit: www.albint.com.
SOURCE: Albany International Corp.