Erland E. Kailbourne

Mr. Kailbourne became a Director of Rand in 1999 and served as Chairman of the Board until December 2021. Mr. Kailbourne was named Chairman of the Board of Albany International, Inc. (NYSE: AIN) in January 2020 and has been a Director of Albany International since 1999 and also served as its Chairman of the Board from May 2008 until February 2019. From January 2006 until May 2010, he served as Chairman of Financial Institutions, Inc. (Nasdaq: FISI) and its subsidiary, Five Star Bank. In 1998, he retired as Chairman and Chief Executive Officer (New York Region) of Fleet National Bank, a banking subsidiary of Fleet Financial Group, Inc., a position he held since 1993.