Verra Mobility Corporation has appointed Jon Newhard as its new President and Chief Executive Officer, effective November 1, 2026. Mr. Newhard will also serve as a member of the Board of Directors, contingent upon the completion of a customary background check. The Board approved an increase in its size from six to seven directors to accommodate Mr. Newhard’s appointment.
Mr. Newhard, age 57, most recently served as Chief Executive Officer of Yunex Traffic GmbH from March 2024 until September 2026. His previous roles include Chief Executive Officer of Clinc, Inc. from July 2020 to January 2024, and Chief Executive Officer of Advanced Traffic Solutions Inc. (Trafficware) from 2013 to 2018. He holds a Bachelor of Science in Engineering and Economics from the United States Military Academy at West Point and a Master of Business Administration from Harvard Business School.
In connection with his appointment, Mr. Newhard entered into an employment agreement with VM Consolidated, Inc., a wholly-owned subsidiary of Verra Mobility. Under this agreement, his annual base salary will be $725,000. He is eligible for an annual discretionary cash bonus with a target opportunity of 100% of his base salary under the company’s Short-Term Incentive Plan. Additionally, he will receive an annual equity incentive award with an estimated target grant date fair value of $4,000,000 for fiscal year 2027.
The agreement includes a one-time cash sign-on bonus of $25,000, subject to applicable taxes. Mr. Newhard will also receive relocation assistance to the company’s headquarters in Mesa, Arizona, including a monthly temporary living allowance for up to three months and reimbursement for permanent relocation costs. If he voluntarily terminates employment without Good Reason within 12 months of the Commencement Date, he will be required to repay the sign-on bonus and relocation assistance.
Mr. Newhard succeeds Jon Keyser, who served as Interim President and Chief Executive Officer since June 2026. Mr. Keyser will transition to an advisory role until December 31, 2026, while the company negotiates severance arrangements with him.
