Albany International.
Michael Burke The name Burke (from Irish Gaelic de Burca, of Norman origin). In English the meaning of the name Burke is "fortified hill." See also Berkley. Places
Australia
- Shire of Burke, Queensland, a Local Government Area
has been named a senior vice president and CFO See Chief Financial Officer. 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 magnetic resonance imaging (MRI), noninvasive diagnostic technique that uses nuclear magnetic resonance to produce cross-sectional images of organs and other internal body structures. devices. He left that post following the successful merger and
integration of Intermagnetics into Royal Philips Electronics. During his
tenure, the market capitalization Market Capitalization
A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. 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.
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