Itron, Inc. (NASDAQ:ITRI) announced today that Steven M. Helmbrecht, the
company’s executive vice president (EVP) and chief financial officer
(CFO), will be departing effective December 31, 2014. The company will
conduct a search for external candidates to fill the position. In the
interim, Mr. Helmbrecht will continue as EVP and CFO of the company.
“Steve has provided Itron with strong leadership for more than 12 years.
During his tenure as CFO, he has built a highly-skilled global finance
team and strengthened controls and processes required to meet the needs
of the company,” said Philip Mezey, Itron’s president and chief
executive officer. “The Board and I would like to thank Steve for all of
his contributions and for his willingness to remain in his role through
the end of the year in order to facilitate a smooth transition. We wish
him the best in his future endeavors.”
“As Itron continues its evolution,” continued Mezey, “we look to build
on Steve’s success and rapidly accelerate our next phase of growth.”
Helmbrecht joined Itron in 2002 as vice president and general manager of
international operations. He served as senior vice president and chief
financial officer since 2005 and as executive vice president and chief
financial officer since March 2013. His contributions include extensive
capital markets activities, driving financing transactions and
integration activities for more than $2 billion of acquisitions and
delivering added financial transparency for the company’s business
segments. He has also led the company’s global business services and
enterprise resource planning system initiatives to streamline
administrative processes and reduce expenses.
“Itron has an incredibly rich history of providing innovative technology
solutions for customers in the utility industry, and I have enjoyed
being a part of Itron for so many years of significant growth and
transformation,” said Steven Helmbrecht. “I am fully committed to
continuing the important work underway at Itron through my departure
date and to supporting Philip and the entire team for Itron’s continued
success.”
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.
Copyright Business Wire 2014