Itron Names Joan Hooper Chief Financial Officer

LIBERTY LAKE, Wash. — May 31, 2017 — Itron, Inc. (NASDAQ: ITRI), a world-leading technology and services company dedicated to the resourceful use of energy and water, announced today that Joan Hooper has been appointed senior vice president (SVP) and chief financial officer (CFO), effective June 5, 2017.

Hooper joins Itron with more than 30 years of experience in finance and accounting leadership roles. She most recently served as the CFO of CHC Helicopter, a helicopter services company headquartered in Vancouver, British Columbia from 2011 to 2015. Prior to CHC, she held several finance executive positions at Dell, Inc. from 2003 to 2010, including vice president and CFO for its Global Public and Americas business units, vice president of corporate finance and chief accounting officer. Hooper also was CFO of FreeMarkets, a provider of procurement tools and services, which she helped take public in 1999. In addition, she held a variety of senior finance positions at AT&T.

"Joan is an accomplished finance executive with a proven track record of developing high-performing teams, streamlining processes and delivering successful results in both large and small organizations," said Philip Mezey, Itron president and chief executive officer. "Her experience partnering across organizations to develop and execute business strategies in the technology sector will be especially valuable to Itron as we position our company for growth and greater focus on a full range of technology and services, creating even more value for our customers and shareholders."

“I am excited to join Itron and apply my experience advancing strategy and delivering results in high technology environments. The company has several important strategic initiatives underway that I will help implement alongside the talented team at Itron,” said Hooper. “I look forward to the opportunity to help Itron execute its strategy to deliver predictable results, achieve greater profitability and drive long-term growth.”

Hooper will take over the CFO role from Robert Farrow, Itron’s interim CFO since March 2017. Farrow will remain with the company as its vice president, strategic planning and treasury.  

Mezey added, "On behalf of Itron's board of directors and management team, I want to thank Rob for stepping seamlessly into the interim CFO role during the transition. Rob is a tremendous finance executive and we are fortunate that he will continue as a critical part of Itron’s leadership team in his treasury and strategy role."

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About Itron

Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.

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