Proven Leader Brings the Knowledge, Experience and Vision to Position
Itron for Growth in a Dynamic Global Industry
Company Schedules Conference Call for Noon ET, Nov. 19
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--
Itron, Inc. (NASDAQ: ITRI) announced today that Philip Mezey has been
appointed as the company's president and chief executive officer and
named to Itron's board of directors, succeeding LeRoy Nosbaum. Selected
by Itron's board of directors following an extensive international
search, Mezey will assume his new role January 1, 2013.
"In a robust search across the global technology industry, Philip was
the right choice to be Itron's CEO," said Jon Eliassen, chairman of the
board of directors. "Philip has been behind many of the strategic
initiatives that brought Itron to the leadership position it enjoys
today and understands the technology, innovation and partnerships
necessary to drive Itron to its next phase of growth."
"Our industry is extending beyond its metering past and present; I truly
believe Itron is the company that can define the next phase of this
industry," said Mezey. "I'm honored and excited to lead Itron forward
and continue to grow its business around the world."
Mezey became president and chief operating officer for Itron's global
Energy segment in March 2011, with responsibility for the operations of
Itron's electricity and gas businesses around the world. He has served
the company in several capacities including senior vice president and
chief operating officer — Itron North America, group vice president and
general manager, as well as senior vice president for Software
Solutions. Upon Itron's acquisition of Silicon Energy in 2003, Mezey
joined the company as managing director of Software Development for
Itron's Energy Management Solutions group. He joined Silicon Energy in
2000 as vice president, Software Development. Prior to joining Silicon
Energy, Mezey was a founding member and served 12 years with Indus, a
provider of integrated asset and customer management software.
Mezey also announced that John Holleran will become Itron's executive
vice president and chief operating officer to lead the global Energy and
Water segments. Holleran will serve as interim president of Itron's
global Energy segment. Holleran previously held the positions of Itron's
senior vice president, special projects and corporate secretary and was
the company's general counsel prior to that appointment. In January
2012, his duties shifted to focus primarily on the implementation of
Itron's announced restructuring plans.
"Moving John Holleran into the new global chief operating officer role
is a great first step in establishing the next chapter for Itron," Mezey
said. "I look forward to working with John, the board, the senior
management team and employees around the world to lead Itron into a new
era of growth and success."
Holleran spent 26 years with Boise Cascade Corporation and served in a
variety of roles, including 14 years as general counsel. Holleran was
also responsible for the company's procurement function, human
resources, transportation businesses, governmental affairs and
environmental affairs functions. He has extensive experience in mergers
and acquisitions and international transactions.
With the new executive leadership established, the board also announced
that LeRoy Nosbaum will retire from Itron and the Itron board of
directors on December 31, 2012, although he will act in a consulting
capacity for at least the next six months. "We're thankful to LeRoy for
his leadership at Itron as we searched for his successor and the
positive influence he has had on our business and our industry over the
years," continued Eliassen. "We wish him all the best in his retirement."
"Itron is a tremendously successful company with outstanding growth
potential, and one that I've had the honor to lead through some very
exciting times," said LeRoy Nosbaum. "I have full confidence that Philip
will work with the full potential of Itron's employees, customers and
the board to carry the company to even greater heights."
Conference Call
Itron will host a conference call to discuss the announcement at 12:00
p.m. EST on Monday, Nov. 19, 2012. The call will be webcast in a
listen-only mode and will be accessible on Itron's website at www.itron.com
under the Investors/Events page. The webcast replay will begin shortly
after the conclusion of the live call and will be available for two
weeks. A telephone replay of the call will also be available
approximately two hours after the conclusion of the live call, until
Saturday, Nov. 24, 2012 at 12:00 p.m. PST, and is accessible by dialing
888-203-1112 (Domestic) or 719-457-0820 (International), entering
passcode 7584262.
About Itron
Itron is a global technology company. We build solutions that help
utilities measure, monitor and manage energy and water. Our broad
product portfolio includes electricity, gas, water and thermal energy
measurement and control technology; communications systems; software;
and professional services. With thousands of employees supporting nearly
8,000 utilities in more than 100 countries, Itron empowers utilities to
responsibly and efficiently manage energy and water resources. Join us
in creating a more resourceful world; start here: www.itron.com.
Itron, Inc.
Media Contact
Sharelynn Moore
Vice
President, Corporate Communications
509-891-3524
sharelynn.moore@itron.com
or
Investor
Contact
Barbara Doyle
Vice President, Investor Relations
509-891-3443
Barbara.doyle@itron.com
Source: Itron, Inc.
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