Verra Mobility Corporation (NASDAQ: VRRM) announced that its board of directors established a Transformation Committee on June 5, 2026, to oversee the company's transformation initiative aimed at positioning the business for long-term growth.

The committee will support management in reviewing and executing business and financial strategies, cost structure optimization, growth opportunities, capital allocation strategy, portfolio composition of business units, financing activities, and annual capital expenditure plans and budgets. The committee will make recommendations to the board on these matters.

The Transformation Committee consists of three members: Raj Ratnakar, who will serve as chairperson, Douglas Davis, and John Rexford.

The information is based on a company press release statement.