John Shumate Chosen to Serve as VP Finance, Elster Solutions Newest member of management team brings 15 years of financial experience

RALEIGH, N.C., June 26, 2013 /PRNewswire/ -- Elster Solutions today announced that John Shumate has joined the company as Vice President of Finance. Elster develops and delivers smart grid and smart meter solutions to electric, water, and gas utilities around the world. Elster Solutions is Elster's North American headquarters.

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Shumate has more than 15 years of experience in finance and accounting. For the past seven years, he served in roles of increasing responsibility for the finance organization of VF Corporation, most recently as Director of General Accounting for the Outdoor and Action Sports NA division and Director of Corporate Financial Planning and Analysis. Prior to VF Corporation, Shumate spent more than eight years in public accounting, holding positions of increasing responsibility at Ernst & Young and Arnett & Foster. John earned a B.S. in Business Administration with a concentration in accounting from West Virginia University and received his C.P.A. from the State of West Virginia.

"We are confident that John's skills and experience are a great fit for Elster, and we are very excited to have John on our team," said Mark Fronmuller, President, Elster Solutions.

"Elster is a financially solid company with a long history of quality and integrity," said Shumate. "I couldn't be more pleased to be a part of this team."

About Elster
Elster delivers complete Smart Grid and Energy Management Solutions that drive energy efficiency, operational improvements and cost savings for utilities, commercial and industrial customers and consumers. Elster uses its speed and agility to drive interoperability and open standards and strategically collaborates with customers and partners.

Its end-to-end electricity, water and gas offerings include advanced meters/sensors, secure communications, and data collection, management and analytics. Elster is dedicated to customer success in more than 130 countries through Elster's professional integration services, technical support and training.

SOURCE Elster Solutions




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