Itron Appoints Mark Schmitz As EVP & CFO - Quick Facts

(RTTNews) - Itron Inc. (ITRI) announced the appointment of Mark Schmitz as executive vice president (EVP) and chief financial officer (CFO), effective immediately. Schmitz succeeds Steven Helmbrecht as CFO. On April 24, 2014, Itron announced Helmbrecht's departure from the company. He will remain with Itron through December 31, 2014.

Schmitz joined Itron with 40 years of experience in finance and executive leadership roles across the manufacturing, service, retail and technology industries. He most recently served as the CFO of Alghanim Industries, a global, multi-industry corporation headquartered in Kuwait. He previously served as CFO at several other global corporations, including The Goodyear Tire and Rubber Co., Tyco International Limited's Worldwide Fire and Security Segment and Plug Power Inc.