Cross Wrap names new CEO

Cross Wrap Oy announced that starting Jan. 1, Jukka Pennanen will serve as its new CEO. Pennanen will be handed the mantle from company co-founder Satu Kivelä, who served as CEO for 27 years.

Pennanen joined Cross Wrap in October as its COO and has a leadership background from international companies that include Nokia and KPA Unicon Group.

Based in Siilinjärvi, Finland, Cross Wrap produces equipment to wrap and dewire bales of materials, including plastics destined for recycling.