Market Overview

Actuant Announces Appointment of Jim Ferland as Board Chair


Actuant Corporation (NYSE:ATU) today announced Jim Ferland's appointment
as board chair following Robert Peterson's decision not to stand for
re-election to Actuant's Board of Directors following the expiration of
his term.

"We greatly value the broad experience Jim has brought to the Board as a
former public company CEO and Board Chair. Jim has been instrumental in
leading the Board's discussions on portfolio management and capital
allocation, and I am confident that under Jim's leadership Actuant will
continue to drive shareholder value as a premier industrial tool
company," said Randy Baker, President and CEO. "On behalf of the Actuant
team, we extend our congratulations to Jim."

Mr. Ferland succeeds former board chair Robert Peterson, who served on
the Board of Directors since 2003, became lead independent director in
2014 and was appointed as Chair in 2016.

"Bob has been instrumental in shaping Actuant's strategic direction over
the years and has provided the Company with over 15 years of guidance
and leadership. In addition, Bob's financial and private equity
expertise has been a valuable resource to the Board," added Baker. "I
would like to thank Bob for his commitment to the Company and its
shareholders and wish him well in retirement."

About Actuant

Actuant Corporation is a diversified industrial company serving
customers from operations in more than 30 countries. The Actuant
businesses are leaders in a broad array of niche markets including
branded hydraulic tools and solutions, specialized products and services
for energy markets and highly engineered position and motion control
systems. The Company was founded in 1910 and is headquartered in
Menomonee Falls, Wisconsin. Actuant trades on the NYSE under the symbol
ATU. For further information on Actuant and its businesses, visit the
Company's website at

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