IBC Advanced Alloys taps Mark Smith as new CEO

FRANKLIN, Ind. (Inside INdiana Business) – The board of directors for Franklin-based IBC Advanced Alloys Corp. has named Mark Smith chief executive officer. The company says Smith will retain his current role of board chairman in addition to his new duties.

IBC says Smith has served on the board since 2015 and as its chairman since 2017.

“I am honored to take on this position and I look forward to working even more closely with IBC’s highly talented team as we intensify the effort to unleash the full potential of this unique and strategically important company and the mission critical alloys products we manufacture,” said Smith. “IBC achieved net profitability in the calendar second quarter, in spite of impacts from the COVID pandemic, and the team and I are committed to building on that success in the quarters and years ahead.”

Smith also serves as CEO and executive chairman of Colorado-based NioCorp Developments Ltd., which works with IBC through a cooperative development agreement on aluminum-scandium alloys.

Smith has served as president, CEO, and director of Colorado-based Molycorp Inc. Before that, IBC says Smith was the president and chief executive officer of Chevron Mining Inc. in Colorado from 2005 through 2008. He was also vice president for California-based Unocal Corp. where he managed the real estate, remediation, mining and carbon divisions for more than 22 years.