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Paul E. Sternlieb

President and Chief Executive Officer (CEO) at ENERPAC TOOL GROUP
Board
Since October 2021
Age
52 years
Education
Holds an MBA from the Wharton School and dual undergraduate degrees in Economics and Computer Science from the Jerome Fisher Program in Management & Technology at the University of Pennsylvania.
Tenure
Joined EPAC in October 2021 as President and Chief Executive Officer.

Also at ENERPAC TOOL GROUP

BJT
Benjamin J. Topercer
Executive Vice President and Chief Human Resource Officer
ETC
Eric T. Chack
Executive Vice President - Operations

About

Paul E. Sternlieb is the current President and Chief Executive Officer at Enerpac Tool Group Corp., having assumed the role in October 2021. With a solid record of executive leadership, he has provided strategic direction and operational expertise, which is reflected in his previous roles at John Bean Technologies Corporation, Illinois Tool Works Inc., Danaher Corporation, and earlier positions at H.J. Heinz Company and McKinsey & Company.

His extensive career is complemented by his involvement on the board of directors at Kennametal Inc., underscoring his broad influence in the industrial sector.

Academically, he holds an MBA from the Wharton School and dual undergraduate degrees in Economics and Computer Science, which have contributed to his analytical approach and business acumen.

At 52 years old as of October 2024, his personal background and professional trajectory demonstrate a commitment to operational excellence and strategic growth.

$EPAC Performance Under Paul E. Sternlieb

Past Roles

OrganizationRoleDate RangeDetails
John Bean Technologies Corporation (JBT) Executive Vice President and President, Protein Business October 2017 - October 2021 Held role until joining EPAC in October 2021
Illinois Tool Works Inc. Group President, Global Cooking, Food Equipment Group 2014 - 2017 Role in Food Equipment Group
Danaher Corporation Vice President and General Manager 2011 - 2014 N/A
H.J. Heinz Company Management Roles N/AHeld various management positions
McKinsey & Company Consultant N/AWorked as a consultant

External Roles

OrganizationRoleDate RangeDetails
Kennametal Inc. Board of Directors N/AActive position outside of EPAC

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Salary$891,346 N/AFixed annual salary
401(k) Core and Match$11,500 N/APart of All Other Compensation
SERP$93,153 N/ASupplemental Executive Retirement Plan
Automobile Allowance$18,692 N/APart of All Other Compensation
Supplemental Disability Insurance$3,069 N/APart of All Other Compensation
Executive Physical$4,000 N/APart of All Other Compensation
Personal Use of Company Plane$39,767 N/APart of All Other Compensation
Financial Planning$6,244 N/APart of All Other Compensation

Performance Compensation

Data from  FY 2024

Performance Shares

MetricValueDetails
Threshold38,609 shares Fiscal 2024 Performance Shares
Target77,217 shares Fiscal 2024 Performance Shares
Maximum154,434 shares Fiscal 2024 Performance Shares
Vesting ScheduleThird anniversary Vest on the third anniversary of the grant date, subject to performance metrics
Grant DateOctober 20, 2023
Grant Date Fair Value$2,618,171 Based on a Monte Carlo simulation model

Restricted Stock Units (RSUs)

MetricValueDetails
Vesting Schedule3 equal annual installments Commences on the first anniversary; continued employment required
Grant DateOctober 20, 2023
Grant Date Fair Value$1,479,993 Based on market price on the grant date

Non-Equity Incentive Plan

MetricValueDetails
Target$900,000 Estimated future payout
Maximum$1,800,000
ThresholdNot specified
Grant DateN/A Not explicitly mentioned

Additional Performance Metrics

  • Relative TSR: Payout for Performance Shares is capped at 100% of the target if the Company’s absolute TSR over the three-year period is negative.
  • Net Revenue & Adjusted EBITDA Margin: For special equity awards granted on August 30, 2023, vesting is based on achieving net revenue and adjusted EBITDA margin targets for the fiscal year ending August 31, 2026.