July 1, 2009 (FinancialWire) — Albany International Corp. (NYSE: AIN) has named Michael K. Burke a senior vice president of the company, effective July 8. He will become Albany International’s chief financial officer on August 7.

Burke will succeed Michael C. Nahl, Albany International’s EVP and CFO, who is retiring after a 27-year career with the company. Burke served as EVP and CFO of Intermagnetics General, a manufacturer of magnetic resonance imaging devices, from November 2001 until December 2006.

He left following the merger and integration of Intermagnetics into Royal Philips Electronics.

Burke also served as CFO of HbT, a privately-held power technology company, from May 2000 until joining Intermagnetics. Prior to joining HbT, he worked for almost 20 years in investment banking, first at Barclays Capital and later at CIBC World Markets.

He has served as a director of Casella Waste Systems since March 2008, and is a member of their audit committee. Burke has also served on the board of Albany Medical Center since November 2007, and currently serves as a vice chair.

Albany, New York-based Albany International is a textiles and materials processing company. Its core business is a producer of custom-designed fabrics and belts used in the production of paper and paperboard.

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