Metal Exchange Corporation names new Chief Executive Officer

Metal Exchange Corporation (MEC) has promoted Rick Merluzzi to Chief Executive Officer of MEC. Mike Lefton, former MEC Chairman and CEO, will assume the title of Executive Chairman.

Merluzzi oversees all MEC businesses, including Metal Exchange Trading, Pennex Aluminum Company, Continental Aluminum and Electro Cycle, Inc.

Merluzzi joined MEC 15 years ago as President of MEC subsidiary Pennex Aluminum Company, and has served as President and Chief Operating Officer of MEC for the past five years.

“Metal Exchange has an incredible track record of success over its 45-year history. I am humbled and honoured to work for this family-owned, people-focused organization, which has a long-term commitment to our industry,” said Rick Merluzzi, newly appointed Chief Executive Officer.

“We have grown substantially by focusing on helping our customers achieve success. This impressive growth is a direct result of the hard work and commitment of the many talented people throughout our company who embrace our core values of safety, integrity, respect and drive.”

“Much of our success at MEC can be attributed to Rick Merluzzi’s outstanding leadership,” said Lefton. “Rick builds high performing teams internally, and creates valued partnerships externally. He is laser-focused on our vision to become an injury-free company, and has a passion for helping all in the MEC family reach their fullest potential,” Lefton concluded.

Founded in 1974, Metal Exchange Corporation is one of the most diverse providers of non-ferrous metals. MEC and its family of companies are industry leaders in non-ferrous metals, from purchasing to manufacturing and processing.