Enerpac Tool Group Elects Lynn Minella as New Director

Rhea-AI Summary

Enerpac Tool Group Corp. (NYSE: EPAC) has appointed Lynn Minella to its Board of Directors effective January 25, 2022. With over 40 years of global human resources experience, Minella has held leadership roles at notable companies such as BAE Systems and Johnson Controls. Chairman Jim Ferland expressed confidence that her background will enhance board governance and strategic oversight as the company focuses on growth in its industrial tools sector.

Positive

• Lynn Minella brings over 40 years of global HR experience, potentially strengthening the Board's expertise.
• Her previous roles at major firms like BAE Systems and Johnson Controls may provide valuable insights in governance.

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• None.

MILWAUKEE--(BUSINESS WIRE)-- Enerpac Tool Group Corp. (NYSE: EPAC) announced today that the Board of Directors has elected Lynn Minella to its Board effective as of January 25, 2022. Ms. Minella is a seasoned human resources executive with more than 40 years of global experience across a diverse set of industries. Ms. Minella most recently served as Executive Vice President & Chief Human Resources Officer at Johnson Controls. Prior to Johnson Controls, Ms. Minella held a variety of human resources leadership positions at organizations including BAE Systems, Air Products & Chemicals and IBM Corporation. She holds a bachelor's degree from Cornell University and has previously served on the Board of Directors of Ibstock Plc.

Commenting on the announcement, Jim Ferland, Enerpac Tool Group’s Chairman, said, “The rest of the Board and I are pleased to welcome Lynn as a new independent director to the Enerpac Tool Group Board. As Enerpac focuses its pure-play industrial tools and services business on growth and efficiency, Lynn’s global experience along with her organizational and leadership expertise will provide added depth to the Board and enable her to provide additional counsel to Management.”

Ms. Minella added, “I look forward to joining the Board of Enerpac Tool Group and believe my global industrial leadership experience will enhance the composition of the board in their governance and strategic oversight of the company.”

About Enerpac Tool Group

Enerpac Tool Group is a premier industrial tools and services company serving a broad and diverse set of customers in more than 100 countries. The Company’s businesses are global leaders in high pressure hydraulic tools, controlled force products and solutions for precise positioning of heavy loads that help customers safely and reliably tackle some of the most challenging jobs around the world. The Company was founded in 1910 and is headquartered in Menomonee Falls, Wisconsin. Enerpac Tool Group common stock trades on the NYSE under the symbol EPAC. For further information on Enerpac Tool Group and its businesses, visit the Company's website at www.enerpactoolgroup.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211220005158/en/

Bobbi Belstner

Senior Director of Investor Relations & Strategy

262.293.1912

Source: Enerpac Tool Group

FAQ

Who is Lynn Minella in connection with Enerpac Tool Group (EPAC)?

Lynn Minella was elected to the Board of Directors of Enerpac Tool Group effective January 25, 2022, bringing over 40 years of HR experience.

What is the impact of Lynn Minella's appointment on Enerpac Tool Group?

Her extensive background in global human resources is expected to enhance the board's governance and strategic oversight.

When was Lynn Minella appointed to the Enerpac Board?

Lynn Minella was appointed effective January 25, 2022.

What companies did Lynn Minella work for prior to joining Enerpac?

Before joining Enerpac, Lynn Minella held positions at BAE Systems and Johnson Controls among others.