Iteris Loses CEO

Santa Ana-based Iteris, which provides traffic management technology, said its CEO and president, Abbas Mohaddes, has resigned. The company said Mohaddes resigned from both his position and the company's board to "pursue other opportunities". The company has appointed Kevin Daly--who was on the company's board--as interim CEO until the company finds a replacement. Iteris said it has tapped Heidrick and Struggles for the CEO search. Mohaddes had been CEO of Iteris since 2007.