Itron appoints former Southern California Gas CEO to board

LIBERTY LAKE, Wash. - Itron, Inc. (NASDAQ:ITRI), a provider of energy and water management solutions with a market capitalization of $5.65 billion and annual revenue of $2.44 billion, announced Thursday the appointment of Scott Drury to its board of directors, effective immediately. According to InvestingPro data, the company maintains a strong financial health score and has seen 7 analysts revise their earnings expectations upward for the upcoming period.

Drury brings over 35 years of experience in the electric and natural gas industry to the position. He most recently served as CEO of Southern California Gas Company, where according to the company’s statement, he doubled the utility’s net income and earned recognition for innovation and clean energy initiatives.

Prior to leading Southern California Gas, Drury was president of San Diego Gas & Electric, where he worked for more than three decades across multiple areas including supply chain, transmission and distribution, and operations.

Diana Tremblay, chair of Itron’s board of directors, cited Drury’s "proven track record of operational excellence, financial acumen, board collaboration and effective risk management" as qualities that align with the company’s needs.

Tom Deitrich, Itron’s president and CEO, noted that Drury’s perspective as a former Itron customer would provide "invaluable insight into the challenges and opportunities our customers face."

The appointment comes as Itron continues to develop solutions for utilities and cities in managing energy and water resources. The company, headquartered in Liberty Lake, Washington, focuses on intelligent infrastructure solutions designed to improve efficiency and build resilience in utility operations.

The information in this article is based on a press release statement from Itron.

In other recent news, Itron reported strong earnings for the second quarter of 2025, surpassing analyst expectations with an earnings per share (EPS) of $1.62 compared to the forecasted $1.32. However, the company’s revenue slightly missed projections, coming in at $607 million against an anticipated $609 million. Despite the earnings beat, the market reacted negatively. Itron’s second-quarter results also featured record margins, which led Stephens to raise its price target for the company to $130, maintaining an Equal Weight rating. JPMorgan, on the other hand, upgraded Itron to Overweight from Neutral, increasing its price target to $145 due to strong margins. Additionally, Itron has appointed Sheri Savage, CFO of Ultra Clean Holdings, to its board of directors, effective August 11, 2025. In another development, the Water Authority of Fiji has begun deploying Itron’s smart water meters, marking the start of its first smart metering project in the Fiji Islands. These recent developments have kept Itron in the spotlight for investors and analysts alike.

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