Spokane Valley-based Stay Alfred announced Monday it has named former Itron executive Steve Helmbrecht its new president and chief financial officer. Helmbrecht, a former chief financial officer for Liberty Lake-based Itron, filled the newly created position last week. He joined Itron in 2002 as vice president and general manager of international operations and left the company as CFO in 2014 to become chief executive officer of Lakeside Capital Group, a privately-held investment company. Helmbrecht will assist with Stay Alfred's expansion into Europe and focus on raising additional capital to fund the company's future growth. "We want to grow and do it the right way," he said. "We are using capital to invest in growth, and we will determine what's appropriate going forward."