AAON Announces Executive Leadership Alignment Centered Around Leading Business Units
AAON announces executive leadership restructuring effective January 1, 2025, focusing on its two main brands: AAON and BASX products. Stephen Wakefield is appointed Executive VP & General Manager of AAON products, while Matt Shaub takes the same role for BASX products. The reorganization aims to support strategic growth, streamline processes, and capitalize on market demands, particularly with the expansion including the new Memphis facility. Additional alignments include Larry Honel leading global manufacturing, Whitney Wakefield heading manufacturing support, and Andrew Edmondson continuing to lead sales and marketing teams.
AAON annuncia una ristrutturazione della leadership esecutiva con effetto dal 1° gennaio 2025, concentrandosi sulle sue due principali marche: prodotti AAON e BASX. Stephen Wakefield è nominato Vice Presidente Esecutivo e Direttore Generale dei prodotti AAON, mentre Matt Shaub assume lo stesso ruolo per i prodotti BASX. La riorganizzazione ha l'obiettivo di supportare la crescita strategica, semplificare i processi e sfruttare le richieste del mercato, in particolare con l'espansione che include la nuova sede di Memphis. Ulteriori allineamenti vedono Larry Honel guidare la produzione globale, Whitney Wakefield a capo del supporto alla produzione e Andrew Edmondson che continua a dirigere i team di vendita e marketing.
AAON anuncia una reestructuración del liderazgo ejecutivo que entrará en vigor el 1 de enero de 2025, enfocándose en sus dos marcas principales: productos AAON y BASX. Stephen Wakefield es nombrado Vicepresidente Ejecutivo y Gerente General de los productos AAON, mientras que Matt Shaub asume el mismo rol para los productos BASX. La reorganización tiene como objetivo apoyar el crecimiento estratégico, simplificar procesos y capitalizar las demandas del mercado, especialmente con la expansión que incluye la nueva instalación en Memphis. Otros alineamientos incluyen a Larry Honel liderando la manufactura global, a Whitney Wakefield dirigiendo el soporte a la manufactura y a Andrew Edmondson continuando al frente de los equipos de ventas y marketing.
AAON은 2025년 1월 1일부터 발효되는 경영진 리더십 구조조정을 발표하며, 두 개의 주요 브랜드인 AAON과 BASX 제품에 집중한다고 발표했습니다. Stephen Wakefield가 AAON 제품의 전무 부사장 겸 총괄 관리자로 임명되었으며, Matt Shaub는 BASX 제품의 동일한 역할을 맡습니다. 이번 재편성은 전략적 성장 지원, 프로세스 간소화 및 시장 수요 활용을 목표로 하며, 특히 새로운 멤phis 시설 포함을 통한 확장을 목표로 하고 있습니다. 추가로, Larry Honel이 글로벌 제조를 이끌고, Whitney Wakefield가 제조 지원을 담당하며, Andrew Edmondson이 판매 및 마케팅 팀을 계속 이끌게 됩니다.
AAON annonce une restructuration de la direction exécutive, qui entrera en vigueur le 1er janvier 2025, en se concentrant sur ses deux principales marques : les produits AAON et BASX. Stephen Wakefield est nommé Vice-Président Exécutif et Directeur Général des produits AAON, tandis que Matt Shaub prend le même rôle pour les produits BASX. La réorganisation vise à soutenir la croissance stratégique, à rationaliser les processus et à tirer parti des demandes du marché, notamment avec l'expansion qui inclut la nouvelle installation de Memphis. D'autres ajustements comprennent Larry Honel à la tête de la fabrication mondiale, Whitney Wakefield à la tête du support à la fabrication et Andrew Edmondson continuant à diriger les équipes de vente et de marketing.
AAON kündigt eine Umstrukturierung der Führungsebene an, die am 1. Januar 2025 in Kraft tritt und sich auf ihre beiden Hauptmarken konzentriert: AAON- und BASX-Produkte. Stephen Wakefield wird zum Executive VP und General Manager der AAON-Produkte ernannt, während Matt Shaub die gleiche Rolle bei den BASX-Produkten übernimmt. Die Reorganisation zielt darauf ab, strategisches Wachstum zu unterstützen, Prozesse zu optimieren und auf die Marktnachfrage zu reagieren, insbesondere mit der Expansion, die die neue Einrichtung in Memphis umfasst. Weitere Anpassungen umfassen, dass Larry Honel die globale Fertigung leitet, Whitney Wakefield die Fertigungsunterstützung übernimmt und Andrew Edmondson weiterhin die Vertriebs- und Marketingteams führt.
- Strategic expansion with new Memphis facility indicates growth
- Organizational restructuring to improve operational efficiency
- Strengthening position in data center market through BASX product lines
- Enhanced focus on product innovation and market responsiveness
- None.
Insights
This leadership restructuring is not materially significant for immediate investor consideration. While the company is organizing around its AAON and BASX product lines, with new EVP appointments effective January 2025, these are operational changes that typically don't directly impact financial performance in the short term.
The more notable underlying signals are the mentions of expanding production capacity, the new Memphis facility and positioning in the data center market through BASX. However, without specific financial projections or investment figures, the immediate market impact remains The restructuring appears focused on long-term operational efficiency rather than near-term financial outcomes.
"New opportunities are emerging as we significantly expand our production capacity and diversify our geographic footprint with the most recent news of our new
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
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
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
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
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
FAQ
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