Itron has announced that its CEO and president Philip Mezey is retiring.
Mezey will continue as president, CEO and a member of the firm’s Board until August 31, 2019, or until a successor is appointed.
Upon the appointment of a successor, Mezey will remain with the company as an advisor through December 31, 2019, to help facilitate a seamless transition.
The board through a CEO Search Committee is evaluating internal and external candidates for Mezey’s replacement.
Mezey has been a member of the Itron team since 2003, following Itron’s acquisition of Silicon Energy, where he began serving in 2000.
He was appointed CEO in January 2013. Over the course of his tenure as CEO, Itron has strengthened its position as a leading provider of technology and services solutions to utilities and cities globally, accelerated its pace of innovation and streamlined its operations footprint and efficiency.
Mezey said, “It’s been a tremendous honor to have been part of the Itron family for the past 18 years and to have led the company over the last six years on a journey to an improved strategic, operational and financial position.
“ Itron has grown from being a leader in Automated Meter Reading to an innovator in Advanced Metering Infrastructure, Distribution Automation, Street lighting, and emerging IoT sensing. With the recent acquisition of Silver Spring Networks, we have strengthened our position in wireless networking and distributed energy management and are well positioned to continue to drive long-term value for our customers, partners, employees and shareholders. With the strategy, plan and team firmly in place, and with the majority of our operational improvement initiatives behind us, I felt that now was the right time for me pass the baton to the next leader, who will continue to improve on what we have built.”
Lynda Ziegler, chairman of the board of directors, said, “Under Philip’s leadership, Itron has become an industry leader with 8,000 customers worldwide and 190 million smart communicating devices deployed globally. On behalf of the Board, the management team and our 8,000 employees, we thank Philip for his dedication and leadership over nearly 18 years of service to Itron, including as President and CEO for the past six years. Leadership succession is one of the most important functions for any Board, and we are moving into a new phase of a deliberate and thoughtful process to identify the next CEO of Itron. We appreciate Philip’s continuing leadership as we work to select a successor to advance our transformation, support our innovative culture and continue delivering value to customers and shareholders.”