Apr 25, 2008

Itron Announces Executive Changes and Promotions

New president and senior vice president

Itron, Inc. has announced the promotion of Malcolm Unsworth to president and chief operating officer of Itron, Inc. In this position, Unsworth will oversee the company’s two operating segments, Itron North America and Actaris, and will focus on evaluating synergies and opportunities between the two segments.

Unsworth joined Itron in July 2004 with the acquisition of Schlumberger Electricity Metering (SEM). Since joining Itron he has been senior vice president, hardware solutions, and most recently senior vice president and COO of Actaris, which was acquired in April 2007.

Prior to joining Itron, Unsworth spent 25 years with SEM, including 11 associated with the electricity meter business. He was president of SEM prior to the acquisition and also served as VP and general manager of Schlumberger’s North America Operations in charge of water, electricity and gas products, in addition to running the CellNet business for several years.

Unsworth will report directly to LeRoy Nosbaum, Chairman and CEO. “Malcolm has been part of the Itron family for almost four years and during that time has gained a great understanding of all aspects of our business,” Nosbaum said. “He has been an influential leader and shown a level of execution that makes this promotion an easy decision.”

Itron also announced the promotion of Marcel Regnier to senior vice president and COO, Actaris. Regnier joined Itron in April 2007 with the acquisition of Actaris and has been managing director of Actaris’ water and heat business unit for seven years. Regnier has been with Actaris since its formation in 2001, and prior to that was with SEM for 20 years and held a variety of positions in research and development, marketing and operations. Regnier and Philip Mezey, senior vice president and COO, Itron North America, will report directly to Unsworth.