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AAON's Asbjornson To Retire as Executive Chairman

April 25, 2022
After nearly 34 years of service, firm founder Norman H. Asbjornson will step down in May, but remain active in other roles.

PRESS RELEASE

TULSA, OK, April 22, 2022 (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ-AAON) announced 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, please visit www.AAON.com.

For more, contact Joseph Mondillo, director of investor relations, [email protected].