April 2008

Itron Announces Executive Changes and Promotions

Malcolm Unsworth has been promoted to president and chief operating officer of Itron effective immediately. In this position, Unsworth will oversee the company's two operating segments, Itron North America and Actaris, and will focus on evaluating synergies and opportunities between the two segments.

Mr. Unsworth joined Itron in July 2004 with the acquisition of Schlumberger Electricity Metering (SEM). Since joining Itron he has been senior vice president of hardware solutions, and most recently senior vice president and COO of Itron's Actaris business,

which was acquired on April 18, 2007. Prior to joining Itron, Unsworth spent 25 years with Schlumberger, including 11 associated with the electricity meter business. He was president of SEM prior to the acquisition and also served as vice president and general manager of Schlumberger's North America Operations in charge of water, electricity and gas products in addition to running the business, CellNet, for several years.

Mr. Unsworth will report directly to LeRoy Nosbaum, chairman and chief executive officer. "Malcolm has been part of the Itron family for almost four years and during that time has gained a great understanding of all aspects of our business," said Mr. Nosbaum. "He has been an influential leader and shown a level of execution that makes this promotion an easy decision."

Itron also announced the promotion of Marcel Regnier to senior vice president and COO, Actaris. Mr. Regnier joined Itron in April 2007 with the acquisition of Actaris and has been managing director of Actaris' water and heat business unit for seven years. Mr. Regnier has been with Actaris since its formation in 2001, and prior to that was with Schlumberger for 20 years and held a variety of positions in research and development, marketing and operations. Regnier, along with senior vice president and COO of Itron North America, Philip Mezey, will report directly to Unsworth.

"I would like to congratulate Marcel on his promotion," said Mr. Unsworth. "Marcel has been an invaluable leader for Actaris and has been instrumental in making this acquisition a success. With Philip continuing to focus on the transition in North America from automated meter reading to advanced metering infrastructure, and Marcel focused on opportunities outside of the United States, we have a very strong team in place to take advantage of the opportunities in today's industry on a worldwide basis."