Jan. 17, 2007 — Universal Stainless & Alloy Products, Inc. announced that Kenneth W. Matz has been named President of the company.

In his new position, Matz succeeds Clarence M. (Mac) McAninch, who assumes the new title of Chairman of the Board. Mr. McAninch will also continue to serve as CEO, a post he has held since founding the company in 1994.

Mr. Matz, 55, has more than 25 years of experience in the processed metals industry, with responsibilities over the course of his career ranging from engineering, quality and materials sourcing to operating and executive management. He most recently served as President of the Processed Metals Group of Gibraltar Industries, a $450-million division that is a leader in cold-rolled strip steel, non-ferrous metal powders and coated steel products. Mr. Matz rose to that position in 2002 and successfully consolidated four independent divisions, instituted strategic planning and operational planning processes, established acquisition and divestiture teams to implement growth initiatives, and achieved substantial sales growth with strong operating margins. Mr. Matz joined Gibraltar Industries in 1988, following its acquisition of the Strip Division of American Steel and Wire, a private company in which Mr. Matz was part of the start-up team that reopened a cold-rolled strip mill along with bar and wire mills. He also has held posts at Thomas Strip Steel and United States Steel.

Chairman and CEO Mac McAninch, commented: "Our choice of Ken Matz as the new President of Universal Stainless & Alloy Products reflects both the ideal combination of skills, experience and leadership qualities he brings to our Company as well as our confidence in our opportunity and future. We are very pleased to add an individual of Ken's caliber to our executive ranks. I look forward to working with him to shape and execute the strategy of this company. I am also proud of our entire management team that has enabled Universal Stainless to achieve the size and industry position we have today. Ken will help us reach the next level of growth as we continue to pursue the enormous potential we see."

Mr. Matz holds a degree in Metallurgical Engineering from Cleveland State University and pursued graduate studies in Business Management at Case Western Reserve University.

Headquartered in Bridgeville, Pa., Universal Stainless & Alloy Products, Inc. manufactures and markets a broad line of semi-finished and finished specialty steels, including stainless steel, tool steel and certain other alloyed steels. The company's products are sold to rerollers, forgers, service centers, original equipment manufacturers and wire redrawers.