Enerpac Tool Group Announces Chief Financial Officer Transition
Enerpac Tool Group Corp. (NYSE: EPAC) has recently announced that Anthony Colucci, the current Executive Vice President and Chief Financial Officer (CFO) of the company, will be stepping down from his position. Colucci will be assuming an executive role at a private equity firm. However, he will continue to serve as CFO until March 1, 2024, to ensure a smooth transition.
In light of Colucci’s impending departure, Enerpac Tool Group has initiated a comprehensive search to identify their next CFO. To assist with this process, the company has engaged the services of a leading executive search firm. This move underlines the significance that Enerpac places on selecting a highly qualified individual who can effectively fill the CFO role and contribute to the company’s growth and success.
In another noteworthy development, Enerpac Tool Group Corp achieved a return on asset (ROA) of 7.35% during the first quarter of 2024. This figure represents a new company high and demonstrates the company’s strong performance and profitability.
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