RALEIGH, NC - July 7, 2011
Sensus, a leading smart utility infrastructure company, has appointed James J. Hilty as Chief Financial Officer (CFO) following six months as interim CFO. Mr. Hilty has been with the company for 19 years, and previously served as the vice president of business development focusing on corporate development, strategic planning and investor relations. “Jim’s experience with strategic planning and broad knowledge of the industry, combined with his expertise in corporate finance and governance, give me the confidence that he’ll continue to be a valuable contributor to the company. I look forward to continue working with him,” said Sensus CEO and President Peter Mainz. Earlier this year Mr. Hilty was instrumental in helping Sensus assume a new debt structure totaling approximately $700 million with more favorable interest rates and added liquidity. Mr. Hilty has 10 years of audit and tax experience with Ernst & Young and holds a B.S. in Business Administration and is a Certified Public Accountant.
Sensus is a leading utility infrastructure company offering smart meters, communication systems, software and services for the electric, gas, and water industries. Sensus technology helps utilities drive operational efficiency and customer engagement with applications that include advanced meter reading, data acquisition, demand response, distribution automation, home area networking and outdoor lighting control. Customers worldwide trust the innovation, quality and reliability of Sensus solutions for the intelligent use and conservation of energy and water.