Verra Mobility Appoints New CEO, Shares Drop 3.55%

By Greg Peters • Sunday, October 04 13:00 • Permanent Link

Verra Mobility has named Jon Newhard as its next president and chief executive officer, effective Nov. 1, 2026, replacing interim CEO Jon Keyser.

Newhard comes to the company from Yunex Traffic GmbH, where he was chief executive officer. His background also includes chief executive roles at Clinc and Advanced Traffic Solutions (Trafficware), along with leadership positions at Cubic ITS and board roles at Miovision and Synapse ITS.

The leadership change follows Keyser’s tenure as interim CEO, a role he has held since June 2026. Verra said Keyser will stay on in an advisory capacity during the transition before leaving to pursue other opportunities.

The board said the appointment followed a comprehensive search with Spencer Stuart. Newhard’s mandate comes as Verra looks to build on its smart mobility platform across transportation safety systems, parking management solutions and fleet-related payment, utilization and compliance services in North America, Europe, Asia and Australia. As a result of these announcements, the company's shares have moved -3.55% on the market, and are now trading at a price of $2.99. Check out the company's full 8-K submission here.

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