TULSA,
Okla., Nov. 22, 2024 /PRNewswire/ -- AAON, Inc.
(NASDAQ: AAON) ("AAON" or the "Company"), is pleased to announce
new alignment in its executive leadership structure as future
opportunities emerge with the Company's leading market brands, AAON
and BASX. This new leadership structure will enable teams to better
support the Company's strategic growth, streamline processes,
accelerate project delivery, and drive toward long-term
stability.
"New opportunities are emerging as we significantly expand our
production capacity and diversify our geographic footprint with the
most recent news of our new Memphis facility. We're at a defining moment
and are ready to capitalize on market demands, said Matt Tobolski, President, and COO, "Our AAON
product lines are at a top competitive position to make the most of
the movements in our industry from a regulatory and sustainability
perspective. We're also positioning our BASX product lines as a
leader in the data center market."
The Board of Directors appointed Stephen
Wakefield as Executive Vice President & General Manager
of the AAON products business unit and Matt
Shaub as Executive Vice President & General Manager of
the BASX products business unit, each effective January 1, 2025. In these roles, Wakefield and
Shaub will lead product strategies for the two business units with
dedicated teams around engineering, product management, and
customer care, to respond quickly to market demands and focus
efforts on innovation.
Wakefield has been with the Company since 1999 and most recently
served as AAON Vice President and Executive Vice President of AAON
Oklahoma, providing site leadership for our Oklahoma and Missouri locations. Wakefield will continue to
build upon AAON's focus on innovation, excellence, and
customer-focused mindset with his extensive knowledge and
experience of all aspects of the Company's operations, engineering,
and product design processes.
Matt Shaub joined AAON in
January 2024 as Director of Product
Management and has led efforts to enhance product management
strategies for existing and new products and solutions. Shaub
brings a wealth of experience and proven leadership of
high-performance teams with experience in manufacturing,
engineering, construction management, product management, mergers
and acquisition strategy, and customer service disciplines.
"This marks a significant and intentional initiative to align
our leaders and better support our operations towards long-term
goals for our leading product brands, said Gary Fields, CEO, "We are committed to our
customer-focused mindset and continue to innovate and respond to
future market demands. Effective alignment of our leadership is
vital to stay ahead of the rapidly evolving business landscape and
ensure best practices in operations, supply chain, and quality
across the Company."
Other Executive Leadership Alignment
Additional Company executive leadership alignments, also effective
January 1, 2025, will leverage
talent, skills, resources, and organizational efficiencies with
globally focused roles. Larry Honel,
Vice President of Manufacturing, will lead the Company's global
manufacturing efforts and oversee site leadership at each location
in Oklahoma, Texas, Missouri, Oregon, and Tennessee. Whitney
Wakefield, Vice President of Manufacturing Support, will
lead manufacturing support functions including quality, continuous
improvement, production planning, manufacturing engineering, and
capacity expansion projects. Andrew
Edmondson, Vice President of Sales and Marketing, will
continue to lead our sales and marketing teams, ensuring each
business unit receives the support needed to expand our brand
reach.
About AAON
Founded in 1988, AAON is a world leader in
HVAC solutions for commercial and industrial indoor environments.
The Company's industry-leading approach to designing and
manufacturing highly configurable equipment to meet exact needs
creates a premier ownership experience with greater efficiency,
performance and long-term value. AAON is headquartered in
Tulsa, Oklahoma, where its
world-class innovation center and testing lab allows AAON engineers
to continuously push boundaries and advance the industry. For more
information, please visit www.AAON.com.
About BASX
BASX, a wholly owned subsidiary of AAON, is
an industry leader in the manufacturing of high-efficiency data
center cooling solutions, cleanroom systems, custom HVAC systems,
and modular solutions. For the past 40 years, the BASX team has
been recognized as leaders in the development of industry-changing
innovation such as changes in the way fans are applied in modern
air handling systems. Our team has a steadfast commitment to
customer service and delivering on our promises while providing the
highest quality products throughout the world. BASX's
state-of-the-art manufacturing facility is located in Redmond, Oregon.
Forward-Looking Statements
This 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
or otherwise. Important factors that could cause results to differ
materially from those in the forward-looking statements include (1)
the timing and extent of changes in raw material and component
prices, (2) the effects of fluctuations in the
commercial/industrial new construction market, (3) the timing and
extent of changes in interest rates, as well as other competitive
factors during the year, and (4) general economic, market or
business conditions.
Contact Information
Joseph Mondillo
Director of Investor Relations
Phone (617) 877-6346
Email: joseph.mondillo@aaon.com
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SOURCE AAON