“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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV