SOURCE: Metal Exchange Corporation

Metal Exchange Corporation

September 03, 2015 11:13 ET

Metal Exchange Corporation Announces the Promotion of Rick Merluzzi to President and COO

ST. LOUIS, MO--(Marketwired - Sep 3, 2015) -  Metal Exchange Corporation (MEC) announced today the promotion of Rick Merluzzi to President and Chief Operating Officer. Merluzzi will assume responsibility for the parent company and all of its affiliated companies: Pennex Aluminum Company, Continental Aluminum Corporation, Electro Cycle, Inc., and Metal Recovery Systems.

"Through thoughtful succession planning, Rick Merluzzi's promotion marks the next step in our company's evolution from a family-run business created 40 years ago to the large global industry leader that we've become today," said Mike Lefton, Chairman and CEO of Metal Exchange Corporation. "The Lefton family remains committed to the business. This transition should be seen as a reflection of our growth and our confidence in the executive leadership team's ability to drive success well into the future."

Merluzzi joined Metal Exchange Corporation in 2005 as President of Pennex Aluminum and later was named President of Manufacturing for the entire MEC family of companies. 

"I'm honored to be given the opportunity to lead such a tremendous organization," Merluzzi said. "MEC has an exemplary 40-year track record of serving customers and establishing great long-term relationships. This is a great tribute to the dedication of the team of people at MEC, who are truly the key to our success and our ability to remain an industry leader." 

"Our core values of safety, integrity, respect and drive will continue to help guide us long into the future," Merluzzi added.

Before joining MEC, Merluzzi held key leadership positions with Mobil Corporation, FMC Corporation and Edlon Inc. His extensive international experience includes living and working in Europe and the Middle East. Merluzzi holds a B.S. in Civil Engineering from Pennsylvania State University and an MBA in Finance from Drexel University, with continued studies at Harvard University, Columbia University and the University of Virginia Darden School of Business. He is the Immediate Past Chairman of the Aluminum Extruders Council and is active in a variety of charitable organizations. 

About Metal Exchange Corporation
Metal Exchange Corporation, a private family-owned company with global headquarters in St. Louis, is one of the most diverse providers of non-ferrous metals. Founded in 1974, Metal Exchange Corporation and its family of companies are industry leaders in non-ferrous metals from purchasing to manufacturing and processing. Metal Exchange Corporation has the international presence needed to link suppliers and customers around the globe. The Institute of Scrap Recycling Industries (ISRI) has awarded Metal Exchange Corporation the Best Fleet Award (Medium Fleet) three years in a row for its dedication and excellence to safety. Its family of companies includes Pennex Aluminum, Continental Aluminum Corporation, Electro Cycle, Inc., and Metal Recovery Systems. For more information, visit

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