Itron Names Joan Hooper Chief Financial Officer

LIBERTY LAKE, Wash.–(BUSINESS WIRE)–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.”

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.

Itron^® is a registered trademark of Itron, Inc. All third
party trademarks are property of their respective owners and any usage
herein does not suggest or imply any relationship between Itron and the
third party unless expressly stated.

Forward Looking Statements

This press release includes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements relate to the Chief Financial Officer transition and other
statements that are not historical fact. Although we believe the
assumptions upon which these forward-looking statements are based are
reasonable, any of these assumptions could prove to be inaccurate and
the forward-looking statements based on these assumptions could be
incorrect. Actual results may differ materially from those suggested or
implied by the forward-looking statements depending on a variety of
factors. Some of these factors include our ability to onboard and retain
the Chief Financial Officer and other risk factors discussed in Itron,
Inc.’s filings with the Securities and Exchange Commission. We undertake
no obligation to update any information contained in this press release.

Contacts

Itron, Inc.
Sharelynn Moore
Vice President, Global
Marketing and Public Affairs
509.891.3524
[email protected]
or
Barbara
Doyle
Vice President, Investor Relations
509.891.3443
[email protected]