Investing For Growth - New Products and Research

Transition In Leadership And Culture • • • In May 2020, founder Norman Asbjornson stepped down as CEO, replaced by former President Gary Fields. Since 2017, AAON began transitioning from an entrepreneurial led company to a structured team-oriented led enterprise. New Senior Leadership and Structure: - New Director of Investor Relations (2020) - New CFO (2021) New CAO (2021) - New V.P. of Administration (2021) - New Director of Manufacturing (2022) - New Executive Vice President of AAON Coil Products (2022) - New Director of Marketing (2022) - New CIO (2022) - New Director of Sales (2022) • AAON provides higher efficiency while maintaining lean cost structure. • Overall, expect better execution and performance. AAON NDVV 7

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