LIBERTY LAKE, Wash.--(BUSINESS WIRE)--
Itron, Inc. (NASDAQ:ITRI), a world-leading technology and services
company dedicated to the resourceful use of energy and water, announced
today that its board of directors has elected Lynda L. Ziegler to the
new role of vice chairman of the board of directors, effective April 1,
2015. The vice chairman position was created as a part of the board's
succession planning process to ensure the seamless transition of
responsibilities when the current chairman's term concludes.
Ziegler has been an independent member of the Itron board since February
2013. She brings extensive experience in the energy industry to the
board. In September 2012, she retired from Southern California Edison
(SCE), one of the largest electric utilities in the U.S. and part of
Edison International. Ziegler was responsible for the successful
automation of nearly 5 million meters and associated supporting systems
as a part of SCE's Edison SmartConnect® program.
"It has been an honor to work with Lynda since she joined the board two
years ago, and I look forward to working even more closely with her
during the next year," said Jon Eliassen, chairman of Itron's board of
directors. "Lynda's extensive business and industry experience makes her
well-qualified to take on the new role of vice chairman. The board will
be in good hands when my tenure as chairman ends in May 2016."
"Itron has benefited greatly from Lynda's utility industry expertise and
her experience as a pioneer in grid modernization," said Philip Mezey,
Itron president and chief executive officer. "I am pleased that Itron
and our customers will continue to benefit from Lynda's valuable
insights as we work toward creating a more resourceful world."
Forward-Looking Statements:
This release contains forward-looking statements concerning our
expectations about operations, financial performance, sales, earnings
and cash flows. These statements reflect our current plans and
expectations and are based on information currently available. The
statements rely on a number of assumptions and estimates, which could be
inaccurate, and which are subject to risks and uncertainties that could
cause our actual results to vary materially from those anticipated.
Risks and uncertainties include the rate and timing of customer demand
for our products, rescheduling of current customer orders, changes in
estimated liabilities for product warranties, changes in laws and
regulations, our dependence on new product development and intellectual
property, future acquisitions, changes in estimates for stock-based and
bonus compensation, increasing volatility in foreign exchange rates,
international business risks and other factors that are more fully
described in our Annual Report on Form 10-K for the year ended December
31, 2014 and other reports on file with the Securities and Exchange
Commission. Itron undertakes no obligation to update publicly or revise
any forward-looking statements, including our business outlook.
About Itron
Itron is a world-leading technology and services company dedicated to
the resourceful use of energy and water. We provide comprehensive
solutions that measure, manage and analyze energy and water. Our broad
product portfolio includes electricity, gas, water and thermal energy
measurement devices and control technology; communications systems;
software; as well as managed and consulting services. With thousands of
employees supporting nearly 8,000 customers in more than 100 countries,
Itron applies knowledge and technology to better manage energy and water
resources. Together, we can create a more resourceful world. Join us: www.itron.com.
Itron, Inc.
Sharelynn Moore, 509-891-3524
Vice
President, Corporate Marketing and Public Affairs
sharelynn.moore@itron.com
Source: Itron, Inc.
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