Iteris’ Abbas Mohaddes resigns

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
February 26, 2015 Read time: 2 mins
73 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, 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.”
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