In his new role, Cheung will be responsible for reinforcing financial discipline and supporting the company's rapidly expanding business. His compensation package includes an annual base salary of $525,000, a target annual incentive compensation of $341,250 for 2026, and a long-term incentive compensation target of $787,500. Additionally, he will receive a one-time equity grant valued at $1.5 million and a cash award of $300,000 to assist with relocation costs, which must be repaid if he leaves within 18 months.
Rebecca Thompson, the current CFO, will transition to the role of Chief Accounting Officer, a position she previously held before becoming CFO in 2021. This planned leadership change aims to leverage Thompson's expertise in financial reporting and governance to enhance the efficiency of accounting activities across the organization.
The appointment of Cheung and the transition of Thompson are part of AAON's strategy to strengthen its executive leadership team and ensure disciplined execution as the company focuses on long-term value creation. The leadership changes reflect AAON's commitment to strong governance and operational excellence, positioning the company for continued success in the HVAC solutions market.
