– USA, AZ – Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, today announced the appointment of Raj Ratnakar to its Board as a new independent director, filling the vacancy after the resignation of Sarah Farrell from the Board on February 15, 2024.
“I am excited to welcome Raj Ratnakar to Verra Mobility’s Board. His expertise in leading strategy and M&A efforts for highly successful multinational corporations will play a key role in how we execute our own growth strategy as a portfolio company,” said CEO David Roberts.
About Raj Ratnakar
Raj Ratnakar served as SVP and CSO for DuPont from 2019 to 2023, where he was responsible for company-wide strategy, mergers and acquisitions, and business performance improvements. He is currently an independent advisor, partnering with leading private equity investing teams to pursue M&A targets and oversee portfolio company operating performance.
Before joining DuPont, Raj Ratnakar served as CSO for Fortive, a publicly traded industrial technology conglomerate that spun off from Danaher in 2016. He played a leadership role in designing and executing the spin-off and shaping the new company’s diverse portfolio.
His professional experience also includes senior corporate strategy roles at Danaher and TE Connectivity. He held a consulting leadership role at McKinsey & Company where he focused on large telecommunications and technology clients, and he spent the first 10 years of his career as an entrepreneur, building and growing software companies in the telecom and e-commerce markets.
Mr. Ratnakar earned his MBA from The Wharton School, University of Pennsylvania, and a Master of Science degree in Mechanical Engineering from the University of Maryland.
About Verra Mobility
Verra Mobility Corporation is a leading provider of smart mobility technology solutions that make transportation safer, smarter, and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data, and people to enable safe, efficient solutions for customers globally. Verra Mobility’s transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility, and support healthier communities. The company also solves complex payment, utilization, and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility operates in North America, Europe, Asia and Australia.
SOURCE: https://www.verramobility.com/
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