NIBCO Changes Executive StructureNIBCO's Board of Directors has elected Steven Malm as its new president and chief operating officer. Malm acquires the day-to-day responsibilities of running the business, which had been formerly overseen by Chairman and CEO Rex Martin, who was named NIBCO’s president in 1986.
Malm has become the second non-family member to be named president in NIBCO’s 102-year-history. Malm joined NIBCO in 1996.
Martin announced that the Board has made other changes to NIBCO’s executive management team. Reporting to Steven Malm are Jerry Whiteford, who was promoted to senior vice president and chief financial officer; and Gary Wilson, who was promoted to senior vice president and chief technology officer.