Wednesday, December 16, 2009

Itron Chairman To Retire

Liberty Lake, Washington-based Itron said Wednesday afternoon that its Executive Chairman, LeRoy Nosbaum, will retire at the end of the year. Itron, which makes "smart meters" for the utility industry, said that independent director Jon Eliassen has been elected as Chairman to replace Nosbaum. Nosbaum has been a director and CEO of Itron since 2000, having joined the firm in 1996. Eliassen is managing director of Terrapin Capital Group, LLP.