{"id":728353,"date":"2023-02-02T16:05:24","date_gmt":"2023-02-02T21:05:24","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/iteris-names-kerry-a-shiba-new-chief-financial-officer\/"},"modified":"2023-02-02T16:05:24","modified_gmt":"2023-02-02T21:05:24","slug":"iteris-names-kerry-a-shiba-new-chief-financial-officer","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/iteris-names-kerry-a-shiba-new-chief-financial-officer\/","title":{"rendered":"Iteris Names Kerry A. Shiba New Chief Financial Officer"},"content":{"rendered":"

<\/p>\n

Iteris Names Kerry A. Shiba New Chief Financial Officer<\/b><\/p>\n

AUSTIN, Texas–(BUSINESS WIRE<\/a>)–Iteris, Inc<\/a>. (NASDAQ: ITI), the world\u2019s trusted technology ecosystem for smart mobility infrastructure management, today announced that Kerry A. Shiba will join the company as senior vice president & CFO effective February 3, 2023. Shiba will report to Joe Bergera, Iteris president and CEO, and will oversee the company\u2019s finance, information systems, legal, supply chain, and manufacturing functions.\n<\/p>\n

\n\u201cAs Iteris continues to demonstrate increasing market adoption of its industry-leading smart mobility infrastructure products and services, Kerry brings valuable know-how to accelerate the execution of our growth strategy,\u201d said Mr. Bergera. \u201cDuring his impressive career, Kerry has created significant enterprise value through portfolio optimization, supply chain execution, and capital sourcing and allocation. Beyond his focus in manufacturing and distribution, Kerry adds tremendous experience helping to build service-oriented value propositions attaching annual recurring revenue to product sales. I am confident Kerry will make meaningful contributions to our next stage of growth.\u201d\n<\/p>\n

\n\u201cI am excited to join Iteris at this significant inflection point,\u201d said Mr. Shiba. \u201cGiven the strong customer adoption of its ClearMobility platform, Iteris is in a great position to benefit from favorable secular trends, as well as the large increase in infrastructure spending contemplated under the Infrastructure Investment and Jobs Act over the next five years. I look forward to working with Joe and the entire management team to build upon the company\u2019s excellent momentum.\u201d\n<\/p>\n

\nMr. Shiba has more than 30 years of valuable experience. Most recently, he served as CFO & treasurer of Romeo Power, Inc. (NYSE: RMO), a manufacturer of electric vehicle batteries, until its acquisition by Nikola Corporation (NASDAQ: NKLA). From 2017 to 2020, Shiba held the position of executive vice president & CFO of Wesco Aircraft Holdings, Inc. (NYSE: WAIR). Wesco was acquired by Platinum Equity in January 2020. Previously, Mr. Shiba served as CFO for two tier-one automotive parts suppliers \u2013 Superior Industries International (NYSE: SUP) and Remy International (now part of Borg Warner (NYSE: BWA)). Earlier in his career, Mr. Shiba was an executive at Kaiser Aluminum (NASDAQ: KALU) and The BF Goodrich Company, as well as a management consultant in the Ernst & Ernst (now Ernst & Young) manufacturing practice.\n<\/p>\n

\nHe received his BA from Baldwin Wallace College and earned his CPA (now inactive) from the State of Ohio.\n<\/p>\n

\nMr. Shiba will replace Doug Groves, who will serve as a senior advisor for four months to facilitate a seamless transition.\n<\/p>\n

\n\u201cDuring his three years at Iteris, Doug helped us introduce a platform-based business model, enhance our underlying financial structure, and navigate COVID-19 and its related supply chain aftershocks. With Iteris achieving a new inflection point, this is a natural transition period for Doug,\u201d said Mr. Bergera. \u201cI appreciate everything Doug has done to position Iteris for our next stage of growth.\u201d\n<\/p>\n

About Iteris, Inc.<\/b><\/p>\n

\nIteris is the world\u2019s trusted technology ecosystem for smart mobility infrastructure management. Delivered through Iteris\u2019 ClearMobility Platform, our cloud-enabled end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world, and help bridge legacy technology silos to unlock the future of transportation. That\u2019s why more than 10,000 public agencies and private-sector enterprises focused on mobility rely on Iteris every day. Visit www.iteris.com<\/a> for more information, and join the conversation on Twitter<\/a>, LinkedIn<\/a> and Facebook<\/a>.\n<\/p>\n

Iteris Forward-Looking Statements<\/b><\/p>\n

\nThis release may contain forward-looking statements, which speak only as of the date hereof and are based upon our current expectations and the information available to us at this time. Words such as “believes,” “anticipates,” “expects,” “intends,” \u201coutlooks,\u201d \u201ctarget,\u201d “plans,” “seeks,” “estimates,” “may,” \u201cshould,\u201d “will,” “can,” and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about future growth and development. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict, and actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.\n<\/p>\n

\nImportant factors that may cause such a difference include, but are not limited to, our reliance on hiring, integrating and retaining key personnel, like Mr. Shiba; our ability to provide services, products and other deliverables on a cost-effective basis; government funding and budgetary issues, and potential impacts related to funding delays; changes in scheduling and\/or requirements related to projects; availability of resources, such as components and equipment necessary to perform the work for projects; the impact of general economic, political, and other conditions in the markets we address; and the potential impact of product and service offerings from competitors and such competitors\u2019 patent coverage and claims. Further information on Iteris, Inc., including additional risk factors that may affect our forward-looking statements, is contained in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, our Current Reports on Form 8-K, and our other SEC filings that are available through the SEC\u2019s website (www.sec.gov<\/a>).\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230202005775\/en\/<\/a><\/span><\/p>\n

Media Contact
\n<\/b>
Breanna Wallace
\n
Tel: (949) 996-5348
\n
Email: brwallace@iteris.com<\/a><\/p>\n

Investor Relations
\n<\/b>
MKR Investor Relations, Inc.
\n
Todd Kehrli
\n
Tel: (323) 468-2300
\n
Email: iti@mkr-group.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Texas<\/p>\n

INDUSTRY KEYWORDS:<\/b> Vehicle Technology Autonomous Driving\/Vehicles General Automotive Automotive EV\/Electric Vehicles<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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Iteris Names Kerry A. Shiba New Chief Financial Officer AUSTIN, Texas–(BUSINESS WIRE)–Iteris, Inc. (NASDAQ: ITI), the world\u2019s trusted technology ecosystem for smart mobility infrastructure management, today announced that Kerry A. Shiba will join the company as senior vice president & CFO effective February 3, 2023. Shiba will report to Joe Bergera, Iteris president and CEO, and will oversee the company\u2019s finance, information systems, legal, supply chain, and manufacturing functions. \u201cAs Iteris continues to demonstrate increasing market adoption of its industry-leading smart mobility infrastructure products and services, Kerry brings valuable know-how to accelerate the execution of our growth strategy,\u201d said Mr. Bergera. \u201cDuring his impressive career, Kerry has created significant enterprise value through portfolio optimization, supply chain execution, and capital sourcing … <\/p>\n

Continue reading “Iteris Names Kerry A. Shiba New Chief Financial Officer”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-728353","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nIteris Names Kerry A. Shiba New Chief Financial Officer - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/iteris-names-kerry-a-shiba-new-chief-financial-officer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iteris Names Kerry A. 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Shiba will report to Joe Bergera, Iteris president and CEO, and will oversee the company\u2019s finance, information systems, legal, supply chain, and manufacturing functions. \u201cAs Iteris continues to demonstrate increasing market adoption of its industry-leading smart mobility infrastructure products and services, Kerry brings valuable know-how to accelerate the execution of our growth strategy,\u201d said Mr. Bergera. \u201cDuring his impressive career, Kerry has created significant enterprise value through portfolio optimization, supply chain execution, and capital sourcing … Continue reading "Iteris Names Kerry A. 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