AAON Appoints Matt J. Tobolski as New Chief Executive Officer

Core Viewpoint - AAON, Inc. has appointed Dr. Matt J. Tobolski as the new CEO effective May 13, 2025, succeeding Gary D. Fields, who will transition to a special advisor role on the Board of Directors [1][3][4] Company Leadership Transition - Dr. Tobolski, currently the president and COO, has been instrumental in the company's reorganization and growth strategy, particularly in data center cooling production capacity [3][5] - Gary D. Fields has led AAON since May 2020, during which time the company's sales have more than tripled and its market capitalization has increased over 500% [7] Strategic Focus - The company aims to strengthen its market position through significant investments in data center cooling, positioning itself for sustained growth [3][4] - Dr. Tobolski emphasizes leveraging the innovative capabilities of both AAON and BASX to enhance the company's industry prominence [4][5] Background of New CEO - Dr. Tobolski co-founded BASX Solutions in 2013, which was acquired by AAON in December 2021, and has a strong background in engineering and manufacturing of HVAC systems [3][5] - His educational qualifications include a bachelor's degree in civil engineering and advanced degrees in structural engineering [5] Background of Outgoing CEO - Gary D. Fields has over 40 years of industry experience and has been pivotal in transforming AAON into a leading enterprise in the HVAC sector [6][7] - He will continue to support the company as a mentor and advisor during the transition period [4][7] Company Overview - AAON, founded in 1988, specializes in high-performance, energy-efficient HVAC solutions for commercial and industrial environments [8] - The company is headquartered in Tulsa, Oklahoma, and focuses on continuous innovation and sustainability in its product offerings [8]