Pennex Extruded Products Names President

Pennex Aluminum Company, a subsidiary of Metal Exchange Corporation, has promoted Chuck Stout to President of the Pennex Extruded Products Division. In his new role, Stout will be responsible for the overall strategic, financial, commercial and operational functions for the extruded products businesses in Wellsville and York, PA, and Leetonia, OH.

A veteran of the U.S. Navy, Stout joined Pennex in 2016 as general manager of the Leetonia, OH, location. His background in the manufacturing industry included roles as plant manager and vice president of operations. His office will remain in Leetonia.

According to Stout, "It is an honor to take the reins of a very successful extrusion business and lead a highly engaged team of people that are extremely committed to serving our customers. They are incredibly proud of their past recognition as tops in the industry in total customer satisfaction and energetically carry on that legacy."

"Chuck adeptly navigated our Ohio location through the $25 million expansion of our advanced manufacturing fabrication facility," said Rick Merluzzi, CEO of Metal Exchange Corporation. "He personifies our core values of safety, integrity, respect and drive and clearly embraces our `dual bottom line' leadership style that prioritizes the safety and well-being of employees equal to financial success."

For more information contact:

Pennex Aluminum Company

50 Community Street

Wellsville, PA 17365

717-432-9647

www.pennexaluminum.com