Metal Exchange Corp. (MEC), headquartered in St. Louis, has announced that Rick Merluzzi has been promoted to chief executive officer. Mike Lefton, the current MEC chairman and CEO, will assume the title of executive chairman.
Merluzzi oversees all MEC businesses, including Metal Exchange Trading, Pennex Aluminum Co., Continental Aluminum and Electro Cycle Inc. Merluzzi joined MEC 15 years ago as president of MEC subsidiary Pennex Aluminum Co. For the past five years, he has served as president and chief operating officer of MEC.
“Much of our success at MEC can be attributed to Rick Merluzzi’s outstanding leadership,” says 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. Rick’s actions exemplify the Metal Exchange Dual Bottom Line philosophy, where the safety, well-being and fulfillment of everyone within MEC are held equal to our financial success.”
He adds, “I have extreme confidence in Rick’s ability to continue to lead Metal Exchange Corp. to new heights, as we continue our quest to impact our world and create raving fans.”
Merluzzi says, “Metal Exchange has an incredible track record of success over its 45-year history. I am humbled and honored to work for this family-owned, people-focused organization, which has a long-term commitment to our industry. 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.”
MEC is a private, family-owned company that was founded in 1974. MEC and its family of companies are industry leaders in nonferrous metals, from purchasing to manufacturing and processing. With offices in Zurich, Shanghai and Singapore, MEC says it has the international presence needed to link suppliers and customers around the globe. Affiliated companies include Metal Exchange Trading, Pennex Aluminum Co., Continental Aluminum and Electro Cycle Inc.
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