Enerpac Tool Group elects Charles T. Lauber to expand board to nine

Enerpac Tool Group Corp. (NYSE: EPAC) announced on October 8, 2026, that its Board of Directors has expanded from eight to nine members by electing Charles T. Lauber effective immediately. The company, headquartered in Milwaukee, Wisconsin, stated that the addition reflects a strategic move to bolster its financial oversight and governance capabilities.

Mr. Lauber brings over 40 years of experience in finance, corporate strategy, mergers and acquisitions, and global operations. Prior to his retirement earlier in 2026, he served as Executive Vice President and Chief Financial Officer of A. O. Smith from 2019 to 2026. During his 27-year tenure at A. O. Smith, he oversaw global financial operations and contributed to the company's long-term growth strategy. Before joining A. O. Smith in 1999, Mr. Lauber spent 15 years with Ernst & Young LLP, advancing to the role of Senior Manager where he advised public and private companies on accounting, audit, tax, and financial reporting matters.

Currently, Mr. Lauber serves on the Board of Directors of H.B. Fuller Company (NYSE: FUL), where he holds memberships on both the Audit Committee and the Personnel & Compensation Committee. His expertise spans capital allocation, strategic planning, investor relations, executive compensation, and enterprise risk management. He holds a bachelor's degree in accounting from the University of Wisconsin-Whitewater and an MBA from the Kellogg School of Management at Northwestern University.

Jim Ferland, Chairman of Enerpac Tool Group, commented on the appointment by noting that Mr. Lauber's extensive financial leadership and public company governance experience will be a significant asset to the board. Ferland expressed the company's pleasure in welcoming Mr. Lauber and its anticipation for his contributions to the organization's continued success.

Mr. Lauber stated that he is honored to join the Enerpac Tool Group Board of Directors and looks forward to collaborating with fellow directors and the management team. He highlighted Enerpac's strong reputation in heavy industrial tools, services, and solutions, describing it as a compelling business platform where he intends to apply his experience to support continued growth and long-term success.

Enerpac Tool Group Corp. operates as an industrial tools, services, technology, and solutions provider serving customers in more than 100 countries. The company specializes in high pressure hydraulic tools, controlled force products, and solutions for precise positioning of heavy loads, enabling safe and efficient execution of complex industrial jobs. Founded in 1910, the company is led by Christian Audi, Senior Director of Investor Relations.