Verra Mobility Corporation , a leading provider of smart mobility technology solutions, announced Raj Ratnakar has been appointed as a new independent director on the company’s Board of Directors. Ratnakar fills the vacancy after Sarah Farrell resigned from the Board on February 15, 2024.
Ratnakar served as Senior Vice President and Chief Strategy Officer 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.
David Roberts, president and CEO, Verra Mobility said “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.”
Prior to joining DuPont, Ratnakar served as Chief Strategy Officer 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.
Ratnakar’s 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.
Ratnakar earned his MBA from The Wharton School, University of Pennsylvania, and a Master’s of Science degree in Mechanical Engineering from the University of Maryland.