NIBCO INC., a leading provider of flow control solutions, today announced its Board of Directors has promoted Ashley Martin to president and chief executive officer, effective immediately.
Martin joined NIBCO in 2012 and has most recently served as president and chief operating officer since 2023. Before that, she held the position of executive vice president from 2021. She represents the fifth generation of family leadership since the company’s inception in 1904.
In this role, she will now oversee the overall vision, mission, strategy and performance of the company.
NIBCO Board of Directors has also announced that Steve Malm has been appointed as the new executive chairman.
“We are thrilled to have Ashley step into the chief executive officer position at NIBCO,” said Steve Malm, NIBCO executive chairman. “Ashley is a proven leader who has demonstrated her ability to lead the organization through challenging times while successfully pursuing growth and driving continuous improvement efforts throughout the company. She is ideally suited to drive the company forward, while remaining committed to the core values which have guided NIBCO’s success over the past 120 years.”
“These are exciting times at NIBCO, as we celebrate our 120th year of being in business,” said Ashley Martin, president and chief executive officer. “Fewer than one percent of companies make it to the fifth generation, so I am especially honored to take on this role and lead the company with excellence and integrity, as well as uphold our legacy of family ownership and stewardship. I’d also like to recognize and thank Steve for his leadership and impact on the organization over the past 25 years.”
