Verra Mobility, a leading provider of smart mobility technology solutions, announced today that Sarah Farrell has been appointed as a new director, filling the vacancy on the Board after the resignation of Jacob Kotzubei on December 17, 2021.
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Ms. Farrell is a Partner at Inclusive Capital Partners, a San Francisco-based investment firm that seeks to partner with companies that address and enable solutions to address environmental and societal problems. Inclusive Capital Partners beneficially owns more than five percent of the Company’s outstanding common stock.
“We are excited to welcome Sarah Farrell to our Board,” said David Roberts, President and CEO, Verra Mobility. “We believe that Ms. Farrell’s experience supporting environmental, social and governance initiatives and her background in finance and investing makes her well-qualified to serve as a member of Verra Mobility’s Board.”
“I’m excited to join the Board of Verra Mobility, a leading provider of solutions and technologies that make mobility safer and easier,” said Ms. Farrell. “I look forward to working actively with David and his leadership team, as well as my fellow board colleagues, to continue their existing work while advancing and celebrating the Company’s successful business model.”
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In addition to her role at Inclusive Capital Partners, Ms. Farrell serves as a board observer at Reddit, Inc. and a director at Kolmac Outpatient Recovery Centers, a private network of intensive outpatient addiction treatment centers. Ms. Farrell is also a former director at Lindblad Expeditions Holdings, Inc., where she was a member of the Audit Committee.
Prior to joining Inclusive Capital Partners at its inception in July 2020, Ms. Farrell worked as an Associate at ValueAct Capital, a San Francisco-based investment firm and previously worked at The Blackstone Group in its Private Equity division. Prior to joining Blackstone, she worked in investment banking at J.P. Morgan in the Mergers & Acquisitions group. Ms. Farrell holds a bachelor’s degree in Honors Chemistry from Harvard College.