Verra Mobility Corporation, a leading provider of smart mobility technology solutions, announced that Jon Keyser, who has served as the Company’s Chief Transformation Officer and Executive Vice President and Chief Legal Officer, has been appointed interim President and Chief Executive Officer, effective immediately. The Board of Directors determined that now is the right time to initiate a leadership transition, and David Roberts has agreed to step down as President and Chief Executive Officer and as a Director, effective immediately.
“Verra Mobility is at an inflection point, as the Company operates in a dynamic market that continues to evolve and grow,” said Patrick Byrne, Chairman of the Board. “As a result, the Board determined that a change in leadership is needed as the Company takes decisive actions to realign its cost structure and position the business for future success. The Board and David therefore agreed to initiate this transition. We’re grateful to David for his leadership of the Company over the last 12 years through many milestones, including taking the company public. We are conducting a search for our next CEO, focused on candidates we believe will build on our technology, navigate the evolving market, drive growth and create shareholder value in Verra Mobility‘s next phase.”
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Mr. Byrne continued, “We are pleased to have Jon lead Verra Mobility as CEO during this important time for the Company. Jon is an experienced commercial leader who brings deep knowledge across all aspects of Verra Mobility’s business and a well-rounded perspective to the role. He has also worked with the Government Solutions team to unlock the growth of the business and played a key role in making the Company more efficient and prepared for future scale. We are confident in his ability to lead the efforts underway to strengthen the business and drive it forward.”
“I am honored to take on the role of interim CEO at Verra Mobility,” said Mr. Keyser. “I believe that Verra Mobility has a strong foundation built on technology that makes our communities safer, smarter and more connected. We will work with urgency to take near-term action to broaden and deepen our customer relationships, reduce costs and position our business for future growth and value creation. I thank David for his leadership and we wish him the best.”
“I am grateful and honored for all the years I have been associated with our company. I wish Jon and the team great success in the years ahead,” said Mr. Roberts.
The Board has retained a leading global executive search firm to assist in identifying the Company’s next Chief Executive Officer. The Board intends to conduct a comprehensive search that will include internal and external candidates.
SOURCE: PRNewswire
