WASHINGTON'S LEADING BUSINESS MAGAZINE

New Itron CEO will look for acqisitions and global alliances to strengthen leadership role.

Itron, Spokane provider of electricity, gas, and water control technology, appoints Philip Mezey as new President and Chief Executive Officer

 

Itron, a Spokane company that serves more than 8,000 utilities around the world with smart grid and other technologies designed to measure and reduce consumption of energy, water and other resources, said today that it drew from its own ranks to appoint Philip Mezey as CEO. In his first conference call with analysts following the announcement, Mezey said  Itron has a significant opportunity to take the integrated telecommunications, hardware and software services it is now offering to customers in North America to new customers overseas. “The world is moving toward connected systems and intelligence….to maximize resources, modernize the grid and provide for a growing populations,” said Mezey.  “Itron is poised to take advantage of this shift.” 

 

In a separate release today, Itron announced that CLP Power Hong Kong Ltd (CLP Power) selected Itron’s smart grid solution for its 4,500 advanced meter pilot project. Under the  agreement, Itron will provide a comprehensive solution that includes Itron smart meters, data collection software, meter data management software, Itron Cellular Solutions and Cisco’s Connected Grid Routers (CGRs), as well as Connected Grid Network Management System (CG-NMS).

 

Much of Itron’s $2.1 billion in revenues today still comes from North America, where regulatory changes drive utilities to upgrade their systems for greater efficiency. Mezey said he would be looking for companies Itron might acquire to broaden its offerings to the 8000 utilities it servces around the world. He said the company would also be more aggressive in establishing strategic partnerships as it did last week when it announced an alliance with Panasonic Corp. of Japan to develop a smart meter platform for Asian markets.

 

Itron's official press release on Mezey's appointment is below:

 

LIBERTY LAKE, Wash. — November 19, 2012 — 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

    Subscribe Free     Free Insight Newsletter

Comments

It is a great news for the

It is a great news for the people that new CEO Itron will be joining from the department and soon they would be launching a new and global acqistions and global alliances which would strengthen their leadership role. This will help in gaining different types of new look and strategies in sponsoring the different types of situational leadership.

 

New Itron CEO will look for acqisitions and global alliances to

“New Itron CEO will look for acqisitions and global alliances to strengthen leadership role.
| Washington and Puget Sound Business News Source | Seattle
Business Magazine” was in fact a terrific read and thus I actually was
indeed really happy to read the article. Thanks for your effort,Florene

New Itron CEO will look for acqisitions and global alliances to

For latest news you have to pay a visit internet and on world-wide-web I found this
site as a best site for most recent updates.

New Itron CEO will look for acqisitions and global alliances to

We should take pay attention to our health rather
than the beautiful. People buy insoles just to meet the needs of the most simple primitive.
However, this kind of use does not treat the problem,
but otherwise worsen the foot condition.

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <p><span><em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.
  • Use to create page breaks.

More information about formatting options