Executive Transition at Enerpac Tool Group: CFO Anthony Colucci Moves On

Enerpac Tool Group has announced a significant change in its executive team, with Anthony Colucci, the current Executive Vice President and Chief Financial Officer, stepping down from his role. Colucci will be transitioning to an executive position at a private equity firm. However, he will continue to serve as CFO until March 1, 2024, to facilitate a smooth transition period.

To fill the void left by Colucci’s departure, Enerpac has launched an extensive search to identify its next CFO. The company has enlisted the services of a leading executive search firm to aid in the selection process. In the interim, P. Shannon Burns has been appointed as the Interim Principal Financial Officer, while Patrick Dawson will serve as the Interim Principal Accounting Officer.

Paul Sternlieb, President and CEO of Enerpac Tool Group, expressed gratitude for Colucci’s contributions during his tenure with the company. Sternlieb acknowledged Colucci as a valuable partner in implementing Enerpac’s ASCEND transformation program, which exceeded expectations by delivering anticipated benefits ahead of schedule. Sternlieb conveyed appreciation on behalf of the Enerpac Board and management team and extended best wishes to Colucci in his new endeavor.

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