President & CEO
Enerpac Tool Group | Menomonee Falls
Paul Sternlieb joined Enerpac Tool Group in 2021 as president and chief executive officer. Based in Menomonee Falls, Enerpac provides industrial tools, services, technology and solutions to customers in more than 100 countries. It has more than 2,000 employees globally, of which about 130 are based in the greater Milwaukee area. The company reported net sales of $590 million in fiscal 2024. Earlier this year, the company announced plans to move its corporate headquarters to the ASQ Center in downtown Milwaukee. The relocation is expected to be completed in late 2024 or early 2025, at which point the company will have naming rights for the building.
Sternlieb serves on the board of directors for Kennametal Inc., Children’s Wisconsin and the Metropolitan Milwaukee Association of Commerce, as well as the board of trustees for Manufacturers Alliance.
Education: Bachelor’s and master’s, University of Pennsylvania
Highlights of the past 12 months: “Over the last two and a half years our company underwent a comprehensive transformation program, called ASCEND. … The program was focused on accelerating organic growth, improving operational excellence and driving greater efficiency and productivity in SG&A. Our team delivered exceptionally strong results, roughly doubling adjusted EBITDA dollars and expanding adjusted EBITDA margin by approximately 1,100 basis points.”
Your secret talent: “I enjoy cooking and like to try new restaurants in the Milwaukee area.”
Definition of success: “Finding a career and role that you truly enjoy doing, and working with a great team.”
