AAON, Inc. announced today that its Board of Directors has
increased the size of the Board from seven to nine members and
appointed Bruce Ware and David Stewart as new independent directors
to fill the vacancies, effective October 1, 2021.
Bruce Ware brings significant experience serving
in multiple executive and leadership roles at publicly traded
companies. Presently, he serves as a Corporate Vice President and
Group Head of Joint Venture Capital Raising for DaVita Inc. DaVita
is a Fortune 500 NYSE publicly traded health care services company
and one of the largest providers of kidney care services in the
U.S., with over 2,800 outpatient dialysis centers in the U.S. and
over 330 outpatient dialysis centers in ten other countries.
Mr. Ware earned a Master of Business
Administration from Harvard Business School, a Master in Public
Affairs from The University of Texas at Austin and a Bachelor
degree in Business Administration in Banking and Finance from The
University of Mississippi at Oxford. He also serves on the Board of
Directors of Blackhawk Bancorp, Inc., the parent company of
Blackhawk Bank, a Beloit, Wisconsin headquartered financial
institution operating eleven full-service banking centers in
Wisconsin and Illinois, as well as the University of Mississippi
National Alumni Board. Additionally, Mr. Ware served as a Trustee
of Uplift Charter Schools, a high-performing, multi-site K-12
public charter school system in Dallas, Texas, which serves over
17,000 students.
David Stewart brings over 40 years of
professional experience to the Board. Mr. Stewart currently serves
as Chief Administrative Officer and Trustee of the Oklahoma
Ordnance Works Authority located in Pryor, Oklahoma, an industrial
public trust that owns and operates MidAmerica Industrial Park. Mr.
Stewart was appointed to his current position in December 2012 by
the former Governor of Oklahoma, Mary Fallin. MidAmerica Industrial
Park consists of 9,000 acres and is home to over 80 companies in
diverse industries (including Google, DuPont and Chevron Phillips),
employing approximately 4,500 people. MidAmerica Industrial Park is
one of the largest industrial parks in the U.S. and top ten in the
world with on-site rail, water and electric power. Prior to his
current position, Mr. Stewart served as Chief Executive Officer of
Cherokee Nation Businesses, LLC. During his tenure as CEO of
Cherokee Nation Businesses, LLC, Mr. Stewart, also a member of the
Cherokee Nation, helped negotiate the State-Tribal Gaming Compact
in 2004, and also led the Cherokee Nation’s efforts to successfully
diversify its business portfolio to include a wide range of
non-gaming enterprises employing over 3,500 people.
Mr. Stewart earned his Master of Science and
Bachelor of Science degrees from Oklahoma State University and is a
certified public accountant. Mr. Stewart was appointed by Governor
Kevin Stitt to (and currently serves on) the Oklahoma State Board
of Career and Technology Education, which provides oversight of the
career technical training system in the state of Oklahoma. He also
serves on the Board of Directors of the State Chamber of Oklahoma
and the Tulsa Regional Chamber, where he also serves on the
Executive Committee as Vice-Chair for Government Affairs.
Additionally, Mr. Stewart serves on the Advisory Board of Equity
Bank, a wholly-owned subsidiary of Equity Bancshares, Inc., a
publicly traded bank holding company headquartered in Wichita,
Kansas operating more than 50 full-service branches in Arkansas,
Kansas, Missouri and Oklahoma, and recently served on the Advisory
Council to the Oklahoma Department of Commerce concerning economic
development and workforce related matters.
Messrs. Ware and Stewart will each also serve as
members on the Audit Committee of AAON’s Board of Directors.
Paul K. Lackey, Jr., Chair of AAON’s Governance
Committee and Lead Independent Director, stated, “Bruce and David
are each wonderful additions to our Board. They bring strong
professional backgrounds and unique skill-sets that are extremely
complementary to our existing Board members. We are excited to
leverage their capabilities to further strengthen our Board.”
Gary D. Fields, CEO and President, said, “We are
very fortunate to be in a position to add Bruce and David to our
Board of Directors. The experience they have each accumulated over
the course of their careers is a testament to their immense
capabilities and I very much look forward to working closely with
them to continue delivering meaningful value to our stockholders as
we execute on our long-term strategic plans.”
About AAONAAON, Inc. is engaged
in the engineering, manufacturing, marketing and sale of air
conditioning and heating equipment consisting of standard,
semi-custom and custom rooftop units, 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
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 InformationJoseph MondilloDirector of
Investor RelationsPhone: (617) 877-6346Email:
joseph.mondillo@aaon.com
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