Enerpac Tool Group Corp. Announces Appointment of New Principal Accounting Officer
Key Developments:
- Enerpac Tool Group Corp. (NYSE: EPAC) has announced the appointment of Kevin J. Hagen as the new Principal Accounting Officer, Vice President, and Global Controller, effective July 23, 2026.
- Mr. Hagen succeeds Patrick J. Dawson, who will no longer serve as Principal Accounting Officer and Corporate Controller of the Company.
Details of the New Appointment
Mr. Hagen, aged 46, joined Enerpac Tool Group in June 2026 as Vice President of Finance. His appointment to the key role of Principal Accounting Officer and Controller is a significant change in the company’s senior financial leadership. Mr. Hagen brings with him an extensive background in accounting and financial reporting, having previously served in several high-level positions at The Sherwin-Williams Company:
- Vice President and Controller (January 2026 – June 2026)
- Vice President and Assistant Controller (January 2025 – January 2026)
- Senior Director, Global Reporting Analytics & Insights (July 2022 – January 2025)
- Director, External Reporting (October 2019 – July 2022)
Prior to his time at Sherwin-Williams, Mr. Hagen held positions of increasing responsibility at Signet Jewelers Limited starting in 2012, culminating as Vice President and Assistant Controller at the time of his departure. His career began at Deloitte & Touche LLP as an Audit Manager, and he also served in a similar capacity at Ciuni & Panichi, Inc., an Ohio-based certified public accounting firm.
Mr. Hagen is a licensed Certified Public Accountant (CPA) in Ohio and holds a Bachelor of Arts degree in Accounting and Finance from Clarke College.
Potential Impact for Shareholders
The change in the Principal Accounting Officer position is a noteworthy event for investors given the critical role this executive plays in the company’s financial reporting, regulatory compliance, and internal controls. Mr. Hagen’s broad and recent experience at large, publicly traded companies may be seen as an asset to Enerpac Tool Group in strengthening its financial oversight and reporting infrastructure.
For shareholders, this leadership transition:
- Signals Enerpac’s commitment to experienced financial leadership, potentially enhancing confidence in the company’s financial practices and transparency.
- May impact the company’s financial controls, reporting processes, and relationships with auditors and regulators, which are all factors that can influence market perception and, ultimately, share price.
- Is price-sensitive, as the appointment and departure of senior financial officers can affect investor sentiment, especially if the new appointee has a track record of strong governance and financial stewardship.
Other Corporate Matters
No other material changes, such as mergers, asset sales, or significant legal actions, were disclosed in this filing. The company’s common stock (Class A, par value \$0.20 per share) continues to be listed on the New York Stock Exchange under the ticker symbol EPAC.
Company Background
Enerpac Tool Group Corp. is a Wisconsin-incorporated company with a fiscal year ending August 31. The company’s principal executive offices are located at 648 N Plankinton Ave, 4th Floor, Milwaukee, WI 53203-2917, and its main telephone number is (262) 293-1500. The company was formerly known as Actuant Corp. and, before that, Applied Power Inc.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with a licensed financial advisor before making investment decisions. The information presented is based on company filings and may be subject to further updates or revisions.
