AAON Announces Executive Leadership Transition
22 April 2022 - 9:00PM
AAON, Inc. (NASDAQ-AAON) announced today that Norman H. Asbjornson,
Director, Executive Chairman and Founder of AAON, Inc. (the
“Company”), intends to retire from his position of Executive
Chairman effective May 12, 2022, and will continue to serve as a
member of the Company’s Board of Directors. In
addition, Mr. Asbjornson will continue to assist the Company in a
consulting and advisory role until May 2024.
Mr. Asbjornson said, “It has been an
extraordinary privilege to be an employee of this remarkable
company for nearly 34 years, and an even greater privilege to serve
alongside all of the dedicated team members who have elevated AAON
to its current position as an industry leader. I am truly humbled
by all that AAON has achieved to date, and remain as confident as
ever that our best days are yet to come.”
Gary Fields, AAON CEO and President, commented,
“Today’s announcement marks a significant milestone for Norm and
AAON, and is the culmination of long-term succession planning
efforts. We are well positioned to continue to execute on our
strategic objectives and consider ourselves fortunate to be able to
continue to pull from Norm’s wealth of experience and company
knowledge. On behalf of all AAON team members, please join me in
congratulating Norm on his very well-deserved retirement.”
Mr. Asbjornson concluded, “I look forward to my
continued involvement with AAON as a member of the Board of
Directors and through a consulting and advisory role. I have
complete confidence that AAON will continue to innovate and thrive
under the leadership team headed by Gary.”
About AAONAAON, Inc. engaged in
the engineering, manufacturing, marketing, and sale of premium air
conditioning and heating equipment consisting of standard,
semi-custom, and custom rooftop units, data center cooling
solutions, cleanroom systems, chillers, packaged outdoor mechanical
rooms, air handling units, makeup air units, energy recovery units,
condensing units, geothermal/water-source heat pumps, coils, and
controls. Since the founding of AAON in 1988, AAON has maintained a
commitment to design, develop, manufacture and deliver heating and
cooling products to perform beyond all expectations and demonstrate
the value of AAON to our customers. For more information, please
visit www.AAON.com.
Forward-Looking StatementsThis
press release includes “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995.
Words such as “expects”, “anticipates”, “intends”, “plans”,
“believes”, “seeks”, “estimates”, “should”, “will”, and variations
of such words and similar expressions are intended to identify such
forward-looking statements. These statements are not guarantees of
future performance and involve certain risks, uncertainties and
assumptions, which are difficult to predict. Therefore, actual
outcomes and results may differ materially from what is expressed
or forecasted in such forward-looking statements.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date on
which they are made. We undertake no obligations to update publicly
any forward-looking statements, whether as a result of new
information, future events.
Contact InformationJoseph
MondilloDirector of Investor RelationsPhone (617) 877-6346Email:
joseph.mondillo@aaon.com
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