Christina Alvord
ALBANY INTERNATIONAL CORP /DE/About Christina M. Alvord
Christina M. Alvord, 57, has served as an independent director of Albany International (AIN) since 2022. She holds a BS in Political Science, and BS/MS in Mechanical Engineering from MIT, and an MBA from Harvard Business School; she is a seasoned industrial P&L leader with deep aerospace manufacturing and supply chain experience, and currently serves on the boards of Apogee Enterprises and Piedmont Lithium . The Board has determined that all directors other than the CEO are independent under NYSE standards .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Vulcan Materials Company | President, Southern & Gulf Coast Division; President, Central Division; Vice President, Performance Improvement | 2016–2021 | Led large industrial business units; brings manufacturing operations and capital allocation experience |
| GE Aviation (General Electric) | President, Middle River Aircraft Systems; President, Unison Industries; GM, Turbine Airfoils Center of Excellence; Engine Component Repair leadership | 2002–2016 | Design/engineering/manufacturing leadership across global aerospace; deep supply chain expertise |
| McKinsey & Company | Strategy Consultant | ~7 years (pre-2002) | Strategic background across industries |
External Roles
| Organization | Role | Tenure/Status | Notes |
|---|---|---|---|
| Apogee Enterprises | Director | Current | Public company director; part of broader network, potential information flow benefits |
| Piedmont Lithium | Director | Current | Public company director; lithium supply chain knowledge may inform AIN risk oversight |
| Public company director (career) | — | Since 2020 | Indicates broader governance experience |
Board Governance
- Committee assignments (current): Compensation Committee member; Governance Committee member (appointed effective Jan 1, 2025). Formerly served on Audit Committee until Jan 1, 2025 .
- Independence: Board deems all directors except the CEO independent; all committees are composed of independent directors .
- Attendance: In 2024 the Board met 10 times; aggregate Board attendance was 97% and committee attendance was 96%. Compensation Committee held 4 meetings with 100% attendance; Governance Committee held 4 meetings with 100% attendance. Audit Committee held 9 meetings with 96% attendance. Individual director attendance rates are not separately disclosed .
- Executive sessions: Private executive session of independent directors at each regularly scheduled Board meeting .
- Compensation Committee interlocks: None requiring disclosure under SEC rules in 2024 .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual Cash Retainer | $85,000 | Paid quarterly; directors may elect to receive up to an additional $85,000 cash retainer in stock |
| Chair of the Board (additional) | $100,000 | Cash retainer supplement for Chair (not applicable to Alvord) |
| Vice Chair (additional) | $35,000 | Cash retainer supplement (N/A) |
| Audit Committee Chair (additional) | $22,000 | Cash retainer supplement (N/A) |
| Compensation Committee Chair (additional) | $15,000 | Cash retainer supplement (N/A) |
| Governance Committee Chair (additional) | $12,000 | Cash retainer supplement (N/A) |
| Audit Committee Member (additional) | $12,000 | Cash retainer supplement (Alvord not on Audit from 1/1/2025) |
| Compensation Committee Member (additional) | $7,500 | Cash retainer supplement (applicable) |
| Governance Committee Member (additional) | $7,000 | Cash retainer supplement (applicable from 1/1/2025) |
| Annual Equity Grant (Class A common stock) | $135,000 | Paid shortly after Annual Meeting; directors may elect deferral into RSUs under 2023 LTIP |
| Meeting/day fees for other company business | $1,500/day | Effective Jan 1, 2024; separate from Board/Committee meetings |
Director 2024 compensation earned (Alvord):
| Name | Cash ($) | Stock ($) | Options ($) | Other ($) | Total ($) |
|---|---|---|---|---|---|
| Christina M. Alvord | 104,567 | 134,933 | — | — | 239,500 |
Performance Compensation
Directors at AIN do not receive performance-based equity awards; annual equity is paid in shares of Class A common stock, with optional deferral into RSUs. No options are granted to directors under the director compensation program .
| Performance Metric | Target | Actual | Payout Linkage |
|---|---|---|---|
| Not applicable for non-employee directors | — | — | Director compensation is retainer plus time-based equity; no PSUs/options for directors |
Other Directorships & Interlocks
| Company | Role | Committee roles (if disclosed) | Interlocks/Conflicts |
|---|---|---|---|
| Apogee Enterprises | Director | Not disclosed | No Compensation Committee interlocks requiring disclosure at AIN in 2024 |
| Piedmont Lithium | Director | Not disclosed | No related-party transactions at AIN since Jan 1, 2024 |
Expertise & Qualifications
- Board skills matrix attributes for Alvord include aerospace experience, manufacturing/operations, public company board experience, senior leadership, finance/capital allocation, international experience, and government/public policy; also gender diversity .
- Education credentials: MIT (BS Political Science, BS/MS Mechanical Engineering), Harvard Business School (MBA) .
- Career record: multi-division president roles in industrials (Vulcan), extensive aerospace manufacturing leadership (GE Aviation), and strategy consulting foundation (McKinsey) .
Equity Ownership
| Holder | Shares Beneficially Owned | % Outstanding | Notes |
|---|---|---|---|
| Christina M. Alvord | 2,792 | <1% | Deferred director shares under Non-Employee Director Deferred Compensation Plan not included; no shares pledged |
- Director stock ownership guidelines: Directors are expected to retain shares until reaching ownership equal to 3× the annual cash and stock retainer (i.e., 3× combined retainer); compliance status for individual directors is not disclosed .
Insider Trades
| Item | Disclosure | Notes |
|---|---|---|
| Section 16(a) compliance (2024) | All subject persons complied | Indicates timely reporting of changes in ownership; Form 4 details not itemized in proxy |
| Pledging/Hedging | No shares pledged by directors; prohibition on hedging/pledging in governance framework |
Governance Assessment
- Strengths: Independent director with deep aerospace/manufacturing operations expertise; active on Compensation and Governance Committees; 2024 committee attendance metrics show strong engagement (Compensation 100%; Governance 100%); Board/Committee independence robust; executive sessions held every regular meeting; no committee interlocks or related-party transactions disclosed .
- Alignment signals: Director pay mix balanced between cash retainer and equity grant; optional deferral into RSUs enhances long-term alignment; ownership guidelines at 3× combined retainer encourage sustained skin-in-the-game; no pledging permitted and none reported .
- Shareholder sentiment: 2025 Say‑on‑Pay received 27,722,765 “For” vs 897,837 “Against” and 8,957 abstentions (broker non‑votes 632,812), indicating strong investor support for compensation practices .
- Watch items / potential red flags:
- Personal share count disclosed (2,792) appears modest in absolute terms; compliance with 3× retainer guideline is not disclosed—monitor future proxy disclosures and any deferral elections that may raise effective holdings .
- Audit Committee membership ended Jan 1, 2025; while this is not a negative signal itself, continuity in financial oversight experience should be monitored via Governance/Compensation workload and board skills mix .
- As is common, director equity grants are time-based rather than performance-linked; continue to monitor that overall board compensation remains market-competitive without increasing guaranteed elements disproportionately .