One of the world’s leading Intelligent Transportation Systems (ITS) weather information services companies, Iteris, has announced that its president and chief executive officer, Abbas Mohaddes, has resigned to pursue other opportunities. He has also resigned from the company’s board of directors. Kevin Daly, currently a non-executive director of Iteris, will serve as CEO 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. An internationally recognized expert in ITS, Mohaddes served as CEO and president since March 2007, and as a member of the board of directors from September 2005. He previously served as executive vice president from October 2004. Mohaddes was also the president and CEO of Meyer, Mohaddes Associates Inc (MMA), an ITS and transportation firm that he co-founded, which was acquired by Iteris in 1998.
Having been appointed president and CEO, Mohaddes led the transformation of Iteris into a software-based traffic management information technology organization. He has 30 years of experience in the application of technology in transportation systems, including traffic control, traveler information, and transit. Mohaddes is one of the founding members and past chairman of the board of ITS America, a member of the board of directors for the International Road Federation (IRF), a member of the executive committee of the Transportation Research Board (TRB), a member of the Institute of Transportation Engineers (ITE), and the Design/Build Institute of America. He has published and presented over 60 articles at industry organizations around the world.
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 endeavors. The board has established a committee to commence a search for a new CEO. In fulfilling its role, the search committee has retained Heidrick and Struggles, a leading professional services firm that provides executive search services, to help develop selection criteria, review candidates, conduct due diligence on qualified candidates and report status to the board. 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.”