By WRAL Tech Wire

RALEIGH, N.C. – Sensus has appointed James J. Hilty as Chief Financial Officer (CFO) following six months as interim CFO.

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, Hilty was instrumental in helping Sensus assume a new debt structure totaling approximately $700 million with more favorable interest rates and added liquidity.

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 also announced this week that is incorporating encryption and key management technologies from IBM into its FlexNet Advanced Metering Infrastructure system in an effort to advance data security as a critical component of the smart grid.

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