Paul E. Sternlieb

President and Chief Executive Officer (CEO) at Enerpac Tool Group Corp

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 Corp

BJT

Benjamin J. Topercer

Executive Vice President and Chief Human Resource Officer

ETC

Eric T. Chack

Executive Vice President - Operations

JPD

James P. Denis

Executive Vice President, General Counsel, Corporate Secretary & Chief Compliance Counsel

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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

Organization	Role	Date Range	Details
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/A	Held various management positions
McKinsey & Company	Consultant	N/A	Worked as a consultant

External Roles

Organization	Role	Date Range	Details
Kennametal Inc.	Board of Directors	N/A	Active position outside of EPAC

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Salary	$891,346	N/A	Fixed annual salary
401(k) Core and Match	$11,500	N/A	Part of All Other Compensation
SERP	$93,153	N/A	Supplemental Executive Retirement Plan
Automobile Allowance	$18,692	N/A	Part of All Other Compensation
Supplemental Disability Insurance	$3,069	N/A	Part of All Other Compensation
Executive Physical	$4,000	N/A	Part of All Other Compensation
Personal Use of Company Plane	$39,767	N/A	Part of All Other Compensation
Financial Planning	$6,244	N/A	Part of All Other Compensation

Performance Compensation

Data from FY 2024

Performance Shares

Metric	Value	Details
Threshold	38,609 shares	Fiscal 2024 Performance Shares
Target	77,217 shares	Fiscal 2024 Performance Shares
Maximum	154,434 shares	Fiscal 2024 Performance Shares
Vesting Schedule	Third anniversary	Vest on the third anniversary of the grant date, subject to performance metrics
Grant Date	October 20, 2023
Grant Date Fair Value	$2,618,171	Based on a Monte Carlo simulation model

Restricted Stock Units (RSUs)

Metric	Value	Details
Vesting Schedule	3 equal annual installments	Commences on the first anniversary; continued employment required
Grant Date	October 20, 2023
Grant Date Fair Value	$1,479,993	Based on market price on the grant date

Non-Equity Incentive Plan

Metric	Value	Details
Target	$900,000	Estimated future payout
Maximum	$1,800,000
Threshold	Not specified
Grant Date	N/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.