Enerpac Tool Group Corp. announced that Rick Dillon, who has served as the Chief Financial Officer since 2016, will depart from the Company to pursue new opportunities. To ensure a smooth transition, Mr. Dillon will remain as CFO through April 30, 2022 or such later date as Mr. Dillon and the Company may mutually agree.

Mr. Dillon's departure is not based on any disagreement with or irregularities in the Company's operations, policies, accounting principles, practices, financial statements or disclosures.