Erland E. Kailbourne became a Director of Rand in 1999. Since May 2009, Mr. Kailbourne has been Chairman of Albany International, Inc. (NYSE: AIN). 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.
