Econolite Group appoints new president and COO

6692 Econolite Group (EGI) has appointed Abbas Mohaddes as president and COO, succeeding David St Amant, who is scheduled to retire at the end of 2016.  Mohaddes will work closely with St Amant until December to help ensure a smooth transition of responsibilities. Reporting directly to Econolite Group’s CEO Mike Doyle, Mohaddes will be responsible for the company’s global operations, including the continued development of strategic partnerships.

During this transition period, EGI will also begin the process of acquiring 8235 CAVita, co-founded by Abbas Mohaddes and Dr Peter Sweatman.  CAVita provides world-class advisory services focused on connected and automated vehicle (CAV) technology and business models. The acquisition will further strengthen and expand EGI’s reach into CAV and Smart City programs.

Mohaddes served as CEO of 73 Iteris from 2007 to 2015, where he led the company’s transformation and substantial growth into a software-based information technology organisation through significant organic growth and a successful acquisition strategy. Prior to that, he served as CEO of Meyer Mohaddes Associates.