8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)       February 18, 2011

ALBANY INTERNATIONAL CORP.

(Exact name of registrant as specified in its charter)

Delaware	1-10026	14-0462060
(State or other jurisdiction	(Commission	(I.R.S. Employer
of incorporation)	File Number)	Identification No.)

216 Airport Drive, Rochester, New Hampshire	03867
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code      (518) 445-2200

None

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

|__|	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|__|	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|__|	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|__|	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))

TABLE OF CONTENTS

Item 5.02	Departure of Directors or Principal Officers; Appointment of Certain Officers; Compensation Arrangement of Certain Officers
Item 9.01	Exhibits

Item 5.02 Departure of Directors or Principal Officers; Appointment of Certain Officers; Compensation Arrangement of Certain Officers

On February 18, 2011, the Board of Directors of Albany International Corp. elected John B. Cozzolino as the Company’s Chief Financial Officer and Treasurer. A copy of the Company’s press release announcing Mr. Cozzolino’s appointment is filed with this report as Exhibit 99.1.

Mr. Cozzolino has been serving as the Company’s Acting Chief Financial Officer since September 23, 2010, and as Vice President – Corporate Treasurer and Strategic Planning since February 2009. From 2007 until 2009, he served as Vice President – Strategic Planning. He also served the Company as Director – Strategic Planning from 2000 until 2007 and as Manager – Corporate Accounting from 1994 until 2000.

The material terms of Mr. Cozzolino’s compensation are set forth in the document entitled “Summary of Cozzolino Compensation Terms” which is filed with this report as Exhibit 99.2 and is incorporated herein by reference.

Item 9.01	Financial Statements and Exhibits
Exhibit 99.1	Press Release dated February 23, 2011
Exhibit 99.2	Summary of Cozzolino Compensation Terms (filed herewith)

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ALBANY INTERNATIONAL CORP.

By: /s/ Joseph G. Morone

Name: Joseph G. Morone

Title: President and Chief Executive Officer

(Principal Executive Officer)

Date: February 23, 2011

EX-99.1

Exhibit 99.1

NEWS RELEASE

ALBANY INTERNATIONAL ANNOUNCES CFO APPOINTMENT

     Rochester, New Hampshire, February 23, 2011 – Albany International Corp. (NYSE:AIN) today announced that John B. Cozzolino has been named Chief Financial Officer and Treasurer.

     Mr. Cozzolino has been serving as the Company’s Acting Chief Financial Officer since September 23, 2010, and as Vice President–Corporate Treasurer and Strategic Planning since February 2009. From 2007 until 2009, he served as Vice President–Strategic Planning. He also served the Company as Director–Strategic Planning from 2000 until 2007 and as Manager–Corporate Accounting from 1994 until 2000. Mr. Cozzolino, a Certified Public Accountant, was employed by PricewaterhouseCoopers from 1989 until 1994.

     Joseph G. Morone, President and Chief Executive Officer of Albany International Corp., said, “John’s appointment should come as no surprise to anyone who knows Albany well - from our primary lenders, who have worked closely with him, most recently in connection with the Company’s successful 2010 refinancing; to our key institutional shareholders and analysts, for whom he has served as a principal contact since 2007; to the heads of each of our businesses, who count on him as a critical member of the team that navigated the Company through restructuring, recession, and now the full emergence of our cash and grow strategy. John has the intelligence, integrity, financial acumen, and understanding of financial institutions, the Company, and the markets we serve to excel as Albany International’s new Chief Financial Officer.”

     Albany International is a global advanced textiles and materials processing company. Its core business is the world’s leading producer of custom-designed fabrics and belts essential to the production of paper and paperboard. Albany’s family of emerging businesses extends its

(more)

2

advanced textiles and materials capabilities into a variety of other industries, most notably aerospace composites, nonwovens, building products, and high-performance industrial doors. Additional information about the Company and its businesses and products is available at www.albint.com.

# # #

Contacts:
Investors:	Media:
John Cozzolino	Susan Siegel
518-445-2281	518-445-2284
john.cozzolino@albint.com	susan.siegel@albint.com