Michael Burke has been named a senior vice president and CFO of Albany International
August 1, 2009
Michael Burke has been named a senior vice president and CFO of Albany International. He succeeds Michael Nahl, executive vice president and CFO, who is retiring after a 27-year career with the company. Previously Mr. Burke served as executive vice president and CFO of Intermagnetics General Corp., a manufacturer of magnetic resonance imaging devices. He left that post following the successful merger and integration of Intermagnetics into Royal Philips Electronics. During his tenure, the market capitalization of Intermagnetics grew from approximately $400 million in late 2001 to over $900 million in late 2005, culminating in the sale to Royal Philips at a total equity value of approximately $1.3 billion. Mr. Burke also served as CFO of HbT, Inc., a privately held power technology company.