Millwood Hires Bruce Krarup as Chief Financial Officer

Unit load technology company Millwood, Inc. (Vienna, Ohio, USA) has filled the position of chief financial officer (CFO), effective Feb. 27, 2023.

From Howland, Ohio, Bruce Krarup brings 22 years of experience in finance and accounting to the role. Prior to joining Millwood, he served as CFO of Nelson Labs, a division of Sotera Health, where he was responsible for overseeing financial operations and helping to drive growth and profitability. Prior to that, he spent six years at Cardinal Health and 13 years at General Electric.

“I am thrilled to be part of a trusted company that leads with servicing others in all they do,” Krarup says. “Our great team members take value and pride in providing our customers with best in-class service. I look forward to supporting the continued growth of this great organization while striving to live the values every day.”

As CFO of Millwood, Krarup will be responsible for managing the company's financial strategy, overseeing financial operations, and ensuring that financial goals are met. This includes financial planning, budgeting, forecasting, financial reporting, and managing the company's financial relationships with lenders.

Krarup holds a bachelor’s degree in finance from Bowling Green State University and is in the process of completing his Master’s degree in accounting from Ohio University. He is an active member of the Financial Executives Networking Group, with a passion for supporting the development of recent graduates and young finance and accounting professionals.

“We are thrilled to welcome Bruce to our family as our new CFO,” a joint statement from Chip Trebilcock and Steve Miller, co-presidents and partners, reads. “His strong alignment with our values, culture, and passion for people make him the ideal candidate to lead our financial operations as we continue to grow and expand our business.”

Krarup is replacing Tom Paskert, who will be resuming his role as senior financial advisor to Millwood. Paskert had served as Millwood’s CFO and was a member of the executive team for 15 years prior to assuming interim CFO duties in July 2022. 

According to the company, Paskert helped spearhead significant profitable growth through organic sales expansion, opportunistic acquisitions, operational and financial efficiencies, and both short- and long-term planning and execution.

“I’ve had the pleasure to work with and serve so many great Millwood team members over the years, and I look forward to returning to my previous role as a senior advisor for this great company,” Paskert says.

Source: Millwood,