John Scannell
ALBANY INTERNATIONAL CORP /DE/About John R. Scannell
John R. Scannell, age 61, has served on Albany International’s Board since 2012 and was appointed non‑executive Chair in February 2024. He is the former CEO of Moog, Inc. (2011–2023) and currently serves as Moog’s Board Chair (since 2014). He holds BS and MS degrees in Electrical Engineering from University College Cork, Ireland, and an MBA from Harvard Business School, bringing deep aerospace, operations, contracts, and finance experience to AIN’s board . The Board reports that 8 of 9 directors are independent, with Scannell among them .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Moog, Inc. | Chief Executive Officer | 2011–2023 | Led aerospace-focused precision control systems business; innovation and operational execution credentials |
| Moog, Inc. | Board Chair | 2014–Present | Governance and oversight of a global aerospace/industrial controls company |
| Moog, Inc. | President & COO | 2010–2011 | Senior operating leadership |
| Moog, Inc. | Chief Financial Officer | 2007–2010 | Capital allocation and financial stewardship |
| Moog, Inc. | Vice President | Elected 2005 | Senior management track |
| Moog (prior roles) | Director of Contracts & Pricing; Boeing 787 Program Manager; GM Moog Ireland; Ops Mgmt Moog GmbH; Engineering Manager | 1990–2007 (progressive roles) | Program leadership, cross-border operations, contracting |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Moog, Inc. | Board Chair | 2014–Present | Board leadership in aerospace/industrial controls |
| M&T Bank | Director (prior) | Not disclosed | Banking oversight experience |
| Buffalo Niagara Partnership | Director (prior) | Not disclosed | Regional economic development perspective |
Board Governance
- Role: Non‑executive Board Chair; member, Compensation Committee .
- Independence: Board determined all directors other than the CEO are independent (Scannell is independent) .
- Board leadership: CEO/Chair roles are separated; Chair sets agendas, leads non‑management sessions, and liaises with CEO .
- Attendance: 2024 board attendance 97%; committee attendance 96%; Compensation Committee met 4 times with 100% attendance; Governance Committee met 4 times with 100% attendance; Audit Committee met 9 times with 96% attendance .
- Annual meeting participation: All director candidates attended the 2024 annual meeting; policy expects director attendance at annual meetings .
- Executive sessions: Private executive sessions held for independent directors at each regularly scheduled Board meeting .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual Cash Retainer | $85,000 | Paid quarterly; directors may elect stock in lieu of cash up to an additional $85,000 |
| Chair of the Board Retainer | $100,000 | Additional annual cash retainer |
| Audit Chair | $22,000 | Additional annual cash retainer |
| Compensation Chair | $15,000 | Additional annual cash retainer |
| Governance Chair | $12,000 | Additional annual cash retainer |
| Audit Committee Member | $12,000 | Additional annual cash retainer |
| Compensation Committee Member | $7,500 | Additional annual cash retainer |
| Governance Committee Member | $7,000 | Additional annual cash retainer |
| Annual Equity Grant (Stock) | $135,000 | Granted shortly after annual meeting; directors may defer stock under 2023 LTIP RSU agreements |
| Meeting/Other Fees | $1,500/day | For requested Company business outside formal meetings |
Director 2024 compensation earned:
| Director | Cash Earned/Paid ($) | Stock ($) | Total ($) |
|---|---|---|---|
| John R. Scannell | $177,401 | $134,933 | $312,333 |
- Mix: Cash 57% ($177,401) vs Equity 43% ($134,933), reflecting a balanced cash/equity structure for alignment and independence .
Performance Compensation
- AIN does not use performance-based metrics for director pay; directors receive fixed retainers and an annual stock grant with optional deferral. No options have been granted since 2002, and no director pensions apply to current nominees .
- Anti‑hedging/pledging: Company prohibits hedging and pledging transactions; directors report no shares pledged .
Other Directorships & Interlocks
| External Board | Role | Interlock/Conflict Consideration |
|---|---|---|
| Moog, Inc. | Board Chair | No related‑party transactions reported for AIN since Jan 1, 2024; Compensation Committee reported no interlocks requiring disclosure in 2024 |
| M&T Bank | Director (prior) | No AIN related‑party transactions disclosed |
| Buffalo Niagara Partnership | Director (prior) | Not a public company; no AIN related‑party transactions disclosed |
Expertise & Qualifications
- Aerospace/industrial technology leadership, program management (Boeing 787), and R&D/composites exposure via Moog career path .
- Financial and capital allocation expertise (Moog CFO 2007–2010) .
- International operations and contracts (Europe/U.S.) .
- Education: BS/MS Electrical Engineering (University College Cork); MBA (Harvard Business School) .
Equity Ownership
| Holder | Shares Beneficially Owned | % Outstanding | Pledged | Notes |
|---|---|---|---|---|
| John R. Scannell | 19,527 | <1% | None | Does not include deferred shares under the Non‑Employee Director Deferred Compensation Plan |
- Director ownership guidelines: Expected to retain shares until reaching ownership equal to 3× annual cash and stock retainer (compliance status for individual directors not disclosed) .
Governance Assessment
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Strengths: Independent non‑executive Chair; majority independent board (8 of 9); regular executive sessions; strong committee activity and attendance; formal insider trading and anti‑hedging policy; no related‑party transactions disclosed in 2024; no compensation committee interlocks requiring disclosure .
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Director pay alignment: Balanced cash ($177k) and equity ($135k) with optional deferral; standardized retainers support independence; no options or director pensions for current nominees .
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Shareholder sentiment: 2024 Say‑on‑Pay approval 93.88%, indicating strong investor support for pay practices (executive program context) .
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RED FLAGS: None identified for Scannell—no pledging, no related‑party transactions, no disclosed attendance shortfalls, no option repricing, and no interlock issues requiring disclosure .
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Potential monitoring items: Ongoing external board chair role at Moog—continue monitoring for any transactional overlap with AIN; current proxy affirms no related‑party transactions in 2024 .