Itron Names New CFO, John G. Smith
Ticker: ITRI · Form: 8-K · Filed: Sep 23, 2024 · CIK: 780571
| Field | Detail |
|---|---|
| Company | Itron, Inc. (ITRI) |
| Form Type | 8-K |
| Filed Date | Sep 23, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $100 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, cfo-appointment, personnel
Related Tickers: APTV
TL;DR
Itron gets a new CFO, John G. Smith, from Aptiv PLC, starting Oct 7. Gallahan moves to advisory role.
AI Summary
On September 19, 2024, Itron, Inc. announced the appointment of John G. Smith as its new Chief Financial Officer, effective October 7, 2024. Smith will succeed current CFO, Melissa J. Gallahan, who will transition to a senior advisory role until her retirement on January 31, 2025. Smith previously served as CFO at Aptiv PLC.
Why It Matters
A change in CFO can impact investor confidence and the company's financial strategy. John G. Smith's experience at Aptiv PLC may bring new perspectives to Itron's financial operations.
Risk Assessment
Risk Level: medium — Changes in key executive positions, especially the CFO, can introduce uncertainty regarding future financial strategy and performance.
Key Players & Entities
- Itron, Inc. (company) — Registrant
- John G. Smith (person) — Appointed Chief Financial Officer
- October 7, 2024 (date) — Effective date of new CFO appointment
- Melissa J. Gallahan (person) — Outgoing Chief Financial Officer
- January 31, 2025 (date) — Retirement date of current CFO
- Aptiv PLC (company) — Previous employer of new CFO
FAQ
Who is the new Chief Financial Officer of Itron, Inc.?
John G. Smith has been appointed as the new Chief Financial Officer of Itron, Inc.
When does John G. Smith's appointment as CFO become effective?
John G. Smith's appointment as CFO is effective October 7, 2024.
What is the role of Melissa J. Gallahan after the appointment of the new CFO?
Melissa J. Gallahan will transition to a senior advisory role until her retirement on January 31, 2025.
Where did the new CFO, John G. Smith, previously work?
John G. Smith previously served as CFO at Aptiv PLC.
What is the exact date of this 8-K filing?
The filing date of this 8-K is September 23, 2024, reporting events as of September 19, 2024.
Filing Stats: 697 words · 3 min read · ~2 pages · Grade level 10.7 · Accepted 2024-09-23 16:20:12
Key Financial Figures
- $100 million — a new share repurchase program of up to $100 million of Itron's common stock over an 18-mont
Filing Documents
- itri-20240919.htm (8-K) — 29KB
- 0000780571-24-000045.txt ( ) — 150KB
- itri-20240919.xsd (EX-101.SCH) — 2KB
- itri-20240919_lab.xml (EX-101.LAB) — 21KB
- itri-20240919_pre.xml (EX-101.PRE) — 12KB
- itri-20240919_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. Approval of Share Repurchase Program Effective September 19, 2024, Itron's Board of Directors authorized a new share repurchase program of up to $100 million of Itron's common stock over an 18-month period. Repurchases will be made in the open market and pursuant to the terms of any Rule 10b5-1 plans that Itron may enter into, and in accordance with applicable securities laws. The repurchase program is intended to comply with Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended. Depending on market conditions and other factors, these repurchases may be commenced or suspended from time to time without prior notice. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ITRON, INC. By: /s/ JOAN S. HOOPER Dated: September 23, 2024 Joan S. Hooper Senior Vice President and Chief Financial Officer