Aug 29, 2007. /Lesprom Network/. On August 27, Albany International Corp. reported the intention of John C. Standish to resign his position as senior vice president-manufacturing, Americas Business Corridor, effective January 31, 2008, in order to focus on his duties as an Albany International director and his new role as chairman of the J.S. Standish Company. In that release, the company reported that the J.S. Standish Company is a corporation which controls approximately 3% of the outstanding class A common stock of Albany International. As reported in the company's most recent proxy statement, the J.S. Standish Company is the beneficial owner of approximately 3% of the Company's Class A Common Stock as the result of its ownership of 868,013 of the 3,236,098 outstanding shares of the Company's Class B Common Stock. Shares of Class B Common Stock carry ten votes per share, while shares of Class A Common Stock carry a single vote per share. As a result, the J.S. Standish Company controls approximately 15% of the combined votes entitled to be cast by all stockholders of the Company. J. Spencer Standish, Chairman Emeritus of Albany International, holds the power to elect all of the directors of the J.S. Standish Company. In addition to John Standish, current Albany International directors Christine L. Standish and Thomas R. Beecher, Jr. are also directors of the J.S. Standish Company. The J.S. Standish Company, together with J. Spencer Standish, Christine L. Standish, John C. Standish and Thomas R. Beecher, Jr., as trustee for various Standish family trusts, hold in the aggregate shares of Class A and Class B Common Stock entitling them to cast approximately 55% of the combined votes entitled to be cast by all stockholders of the Company. Albany International is the world's largest producer of custom-designed paper machine fabrics and process belts that are essential to the manufacture of paper and paperboard. In its family of businesses, Albany applies its core competencies in advanced textiles and materials to other industries. Founded in 1895, the сompany is headquartered in Albany, New York, with plants strategically located to serve its global customers.