Aludyne Announces Leadership Transition

Aludyne (the "Company"), a global lightweighting solutions and components supplier to the mobility industry, today announced the appointment of Eric Showalter as President and Chief Executive Officer ("CEO"), effective March 24, 2025. Showalter will succeed Bill Pumphrey, who will be retiring from his role as President and CEO. The Company is committed to a seamless transition, ensuring stability, operational continuity, and exceptional service for its valued customers as it embarks on its next chapter.

"On behalf of the Board, we thank Bill for his dedicated leadership and contributions to Aludyne, including developing a world-class approach to customer service, furthering the Company's focus on operational efficiency, and helping see Aludyne into its next phase," said Sherman K. Edmiston III, member of the Aludyne Board of Directors. "We are excited to welcome Eric and believe his decades of global leadership and operations experience in aluminum lightweighting solutions combined with his deep familiarity with Aludyne will support the Company's focus on strength and continuity, ensuring seamless service for its valued customers around the world."

Showalter is an accomplished global executive and skilled operator with nearly two decades of leadership experience in the manufacturing industry, particularly casting. Most recently, as President and CEO of Fort Recovery Industries, a leading manufacturer of structural, functional, and decorative aluminum and zinc die castings, he successfully led the company's transformation strategy. Prior to that, he drove improved performance at Georg Fischer Linamar, and led the execution of an impressive turnaround at Meridian Lightweight Technologies, a leading supplier of innovative lightweight cast metal solutions. With a proven track record of revitalizing businesses across North America, Europe, and Asia, Showalter's extensive expertise in aluminum lightweighting solutions will be invaluable as Aludyne positions itself to capitalize on near- and long-term industry tailwinds and continue to meet the evolving needs of its global customer base.

"Aludyne has built a strong foundation as a global leader in lightweighting solutions," said Eric Showalter. "I look forward to working alongside the Board and talented team to strengthen the Company's operational efficiencies, drive innovation in its products and services, and ensure that Aludyne continues to deliver innovative solutions to complex mobility problems for its customers around the world."

About Eric Showalter

Eric Showalter is an expert global executive and a skilled operator with nearly 20 years of leadership experience as President and CEO in the manufacturing industry. Mr. Showalter most recently served as President & Chief Executive Officer for Fort Recovery Industries from 2021-2025, a leading manufacturer of structural, functional, and decorative aluminum and zinc die castings. Prior to his time at Fort Recovery Industries, Mr. Showalter held President and CEO roles at several manufacturing and industrial companies throughout North America, Europe, and Asia, including Georg Fischer Linamar, LUXIT Group (formerly SeaLink Myotek), O2 Specialty Manufacturing, Meridian Lightweight Technologies, and ICG Castings where he spearheaded financial and operational improvements, expanded manufacturing capabilities, and successfully implemented strategies to scale businesses, optimize value, and position business for long-term success.

Mr. Showalter began his extensive career in the manufacturing industry at JL French Automotive Castings (now Nemak) where he first served as an Engineering Supervisor and held roles of increasing responsibility in both operations and sales prior to his departure for INTERMET Corporation where he later served as President of INTERMET's Die Cast Group and oversaw the development and rise of aluminum as a key material for the automotive industry.

Mr. Showalter holds a B.S. in Mechanical Engineering from Bradley University and an MBA from the University of Michigan Ross School of Business.

About Aludyne

Headquartered in Southfield, Mich., Aludyne is a global lightweighting solutions and components supplier to the mobility industry. Aludyne manufactures aluminum, magnesium and iron vehicle components for safety critical applications, including chassis, subframe, body structural components, and electric vehicles. The company and its people are committed to lightweighting and its ability to enable vehicles that improve fuel economy, reduce emissions, and help lower carbon footprints around the world. Aludyne operates in ten countries with 20 manufacturing facilities and six technical centers throughout North America, Europe, and Asia.