Verra Mobility Taps Alvarez & Marsal for Interim CFO, Liquidity Advisory
Verra Mobility has hired Matthew Kvarda, a Managing Director at Alvarez & Marsal North America, as Interim CFO at a starting rate of $150,000 per month, with A&M simultaneously engaged to advise management on liquidity, business plan, and financial reporting matters. The engagement arrives four days after permanent CFO Craig Conti departed and just days into the tenure of new permanent CEO Jon Newhard, the company's second CEO change since May 2026. The broader backdrop includes the effective loss of Avis Budget Group — a customer that represented over 10% of revenue — two rounds of guidance cuts totaling more than $75 million in full-year revenue, and $104 million in goodwill and intangible asset impairments. A&M's prior Kvarda-led assignments include Revlon and 23andMe.