Iteris has announced that Abbas Mohaddes has resigned as president and chief executive officer to pursue other opportunities. Mohaddes also resigned from the company’s board of directors. Kevin Daly, currently a non-executive director of Iteris, will serve as chief executive officer on an interim basis until the Company finds a permanent replacement for Mohaddes, who has agreed to provide transitional support services for a limited period as requested by the Company. Greg Miner, chairman of Iteris, commente
Kevin Daly, currently a non-executive director of Iteris, will serve as chief executive officer on an interim basis until the Company finds a permanent replacement for Mohaddes, who has agreed to provide transitional support services for a limited period as requested by the Company.
Greg Miner, chairman of Iteris, commented: “We wish to thank Abbas for his many years of dedicated service and commitment to Iteris and wish him the best in his new endeavours. The Iteris board established a search committee to commence a search for a new chief executive officer. We are fortunate to have Kevin Daly to serve as interim CEO during the search period. Kevin is a seasoned chief executive with deep knowledge of Iteris, its technology, and its management. The company is in good hands during this transition.”
