Matt Kripke assumes CEO title at Kripke Enterprises Inc.

Kripke Enterprises, Inc. (KEI), headquartered in Toledo, Ohio, has announced that Matt Kripke has been named CEO of KEI in addition to his role as president. Matt Kripke’s father, Larry Kripke, will assume the title of founder.

Larry Kripke and his wife, Joanie Kripke, started the nonferrous brokerage company with one other employee in 1993. KEI operates from its Toledo headquarters as well as from Coconut Creek, Florida, and Jackson, Tennessee. The company’s three divisions include aluminum coil distributor Mid South Aluminum Inc., which KEI acquired in 2017. KEI employs 60 people.

“My father’s calm and steady guidance allowed our company to thrive and overcome adversity in our early years,” Matt Kripke says. “The continued success of Kripke Enterprises is a credit to Larry’s skills as a teacher, mentor, trader and leader. Working with my father and growing our company together has been the business highlight of my life.”

Matt Kripke bean working at the family business in 1994 and became president of KEI in 2012. 

“I am truly honored to carry on my parents’ legacy and excited to be leading the best team in the aluminum industry,” he says. “My parents believed in me, even when I doubted myself. They laid the groundwork for our company’s growth, and I am grateful to both of them.”

According to a news release from the company regarding the leadership change, Larry Kripke set the foundation for the core values that KEI practices daily: The company prioritizes relationships, being solution-oriented and being true to its word.