IBC Advanced Alloys Promotes Jenny Gipson to President of its Nonferrous Division

Executive Summary

• IBC Advanced Alloys Corp. announced the promotion of Jenny Gipson to President of its Nonferrous Division, effective immediately.
• Ms. Gipson replaces Mark Wolma, who is retiring after 18 years with the company; she previously served as Vice President of Operations.
• The change is part of a leadership transition within the vertically integrated copper alloys production facility in Franklin, Indiana.

Key Details

• New Appointment: Jenny Gipson promoted to President of the Nonferrous Division.
• Reporting Structure: Ms. Gipson reports directly to Chairman and CEO Mark A. Smith.
• Responsibilities: Oversight of daily operations of the Copper Alloys Division.
• Predecessor: Mark Wolma is retiring after more than 18 years at IBC.
• Ms. Gipson’s History at IBC:
  • Joined in 2020.
  • Previous roles: Program Manager, Production Coordinator, Vice President of Operations (named in April 2026).
• Ms. Gipson’s Prior Experience:
  • 14 years as Vice President of Operations at Fountaintown Forge in Indiana.
• Context: The promotion coincides with what management describes as "relatively strong and rising demand" for copper and copper alloy products.

Notable Quotes

• Mark A. Smith, Chairman and CEO: "Jenny has shown outstanding initiative, strong leadership skills, and an inspiring vision for the future of our copper business. She is taking over just as we are experiencing relatively strong and rising demand for our copper and copper alloy products."
• Mark A. Smith, Chairman and CEO: "Given her more than 25 years in the forging industry, Jenny is very well positioned to help us take IBC to the next level of performance, product innovation, and revenue."
• Jenny Gipson, President of the Nonferrous Division: "The copper business is experiencing a broad-based rebound in terms of demand and pricing, and there clearly is growing preference for copper consumers to buy American where possible. We see a variety of opportunities for growth across many different industrial and defense sectors that we serve, and I'm excited about IBC's future."
• Mark A. Smith, Chairman and CEO: "The entire team at IBC expresses our heartfelt thanks and deep appreciation for the many years of selfless service and outstanding leadership shown by Mark Wolma... Mark led the successful effort to consolidate multiple copper alloy facilities and expand and vertically integrate our Franklin plant, which has positioned the company for even greater future success."