Management ChangeJun 1, 2026, 04:29 PM
Verra Mobility Appoints Jon Keyser Interim CEO; David Roberts Departs
AI Summary
Verra Mobility Corporation announced a leadership transition, appointing Jon Keyser as Interim President and Chief Executive Officer, effective May 31, 2026. This follows the departure of David Roberts, who stepped down as President and CEO and resigned from the Board on the same date. The Board stated the change is needed to realign the company's cost structure and position it for future success, and has initiated a search for a permanent CEO. In connection with his appointment, Mr. Keyser's compensation was adjusted, including an increased base salary, target bonus, and significant one-time equity and cash retention awards.
Key Highlights
- Jon Keyser appointed Interim President and Chief Executive Officer, effective May 31, 2026.
- David Roberts stepped down as President and CEO and resigned from the Board, effective May 31, 2026.
- Keyser's annual base salary increased to $650,000, with a target bonus of 100% of base salary.
- Keyser received a one-time RSU award with a grant date value of $2,250,000.
- Keyser received a one-time cash retention award of $3,300,000.
- The Board reduced its size from seven to six directors following Roberts' resignation.
- The Board initiated the leadership transition to realign cost structure and position the business for future success.
- A global executive search firm has been retained to identify a permanent Chief Executive Officer.
Price Impact
More from VRRM
More in Management Change