Verra Mobility appoints Jon Newhard as Chief Executive Officer

Jon Newhard will assume the role of President and Chief Executive Officer at Verra Mobility Corporation (NASDAQ: VRRM) starting November 1, 2026. The announcement, made on October 2, 2026, follows a comprehensive search led by the Board with the support of executive search firm Spencer Stuart.

Patrick Byrne, Chairman of the Board, cited Newhard’s seasoned executive experience and track record of improving financial performance as key factors in the decision. Byrne described Newhard’s background in scaling established businesses during periods of transformation as ideal for the company's current phase. The Chairman added that the Board looks forward to partnering with Newhard to address evolving smart mobility needs and drive shareholder value.

Newhard brings more than two decades of experience in the transportation and mobility sector. His most recent role was as Chief Executive Officer of Yunex Traffic GmbH, a global provider of intelligent transportation systems. In that position, he was responsible for strategy, operations, and financial performance across the company’s global footprint. Prior to Yunex Traffic, Newhard served as CEO of Clinc, Inc., an artificial intelligence company, and as General Manager of Cubic ITS. He also led Advanced Traffic Solutions Inc., formerly known as Trafficware, through a turnaround and growth strategy that preceded its acquisition by Cubic Corporation. Newhard previously served as Chairman of Miovision and held a board seat at Synapse ITS.

Newhard succeeded Jon Keyser, who served as Interim President and Chief Executive Officer since June 2026. Keyser and the Board mutually agreed that he will remain with Verra Mobility in an advisory capacity to support the transition before departing to pursue other opportunities. Keyser stated that he is proud of the progress made during his interim tenure, which focused on stabilizing the business and simplifying the organizational structure. He expressed confidence that the company is well-positioned to pursue future opportunities.

Verra Mobility operates in North America, Europe, Asia, and Australia from its headquarters in Arizona. The company’s solutions include transportation safety systems and parking management technologies designed to improve urban and motorway mobility. It also provides payment, utilization, and compliance solutions for fleet owners and rental car companies.

The press release includes forward-looking statements regarding expected future business performance. These statements involve risks and uncertainties that could cause actual results to differ from anticipated outcomes. Factors cited include negative industry conditions, government actions such as tariffs and trade protection measures, customer concentration risks in Commercial Services and Government Solutions segments, and specific risks related to contracts with NYCDOT and significant commercial customers. Additional risks mentioned include fluctuations in fleet volume, contract renewals or terminations, legislative changes affecting government contracts, potential decreases in the prevalence of photo enforcement or tolling technologies, cybersecurity threats, international operations challenges, intellectual property management, and the company’s substantial level of indebtedness.