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Itron Appoints Philip Mezey President And Chief Executive Officer

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.

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