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Verra Mobility appoints Lin Bo to lead company's parking business, T2 Systems

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Verra Mobility (NASDAQ: VRRM) has appointed Lin Bo as senior vice president of T2 Systems, its parking management technology subsidiary. Bo replaces Adam Blake, who is stepping down after nearly 10 years. Bo, previously General Manager at Filtration Group, brings experience from Danaher and ZS Associates. She will report to CEO David Roberts and focus on strengthening T2's market position.

T2 Systems provides SaaS and services for parking management to universities, municipalities, and private operators in North America. Its offerings include permitting, enforcement, pay stations, mobile payments, and parking access and revenue control systems. Bo's appointment aims to drive growth and enhance T2's product portfolio.

Verra Mobility (NASDAQ: VRRM) ha nominato Lin Bo come vicepresidente senior di T2 Systems, la sua consociata specializzata nella tecnologia per la gestione dei parcheggi. Bo sostituisce Adam Blake, che si dimette dopo quasi 10 anni. Bo, precedentemente Direttore Generale di Filtration Group, porta con sé un'esperienza da Danaher e ZS Associates. Riporterà al CEO David Roberts e si concentrerà sul rafforzare la posizione di mercato di T2.

T2 Systems offre soluzioni SaaS e servizi per la gestione dei parcheggi a università, municipalità e operatori privati in Nord America. I suoi servizi includono permessi, enforcement, stazioni di pagamento, pagamenti mobili e sistemi di accesso e controllo dei ricavi dei parcheggi. La nomina di Bo mira a stimolare la crescita e migliorare il portafoglio prodotti di T2.

Verra Mobility (NASDAQ: VRRM) ha nombrado a Lin Bo como vicepresidenta senior de T2 Systems, su subsidiaria de tecnología de gestión de estacionamientos. Bo reemplaza a Adam Blake, quien se retira después de casi 10 años. Anteriormente, Bo fue Gerente General en Filtration Group y aporta experiencia de Danaher y ZS Associates. Reportará al CEO David Roberts y se enfocará en fortalecer la posición de mercado de T2.

T2 Systems proporciona soluciones SaaS y servicios para la gestión de estacionamientos a universidades, municipios y operadores privados en América del Norte. Sus ofertas incluyen permisos, aplicación de la ley, estaciones de pago, pagos móviles y sistemas de control de acceso y revenus. El nombramiento de Bo tiene como objetivo impulsar el crecimiento y mejorar la cartera de productos de T2.

Verra Mobility (NASDAQ: VRRM)는 Lin Bo를 T2 Systems의 수석 부사장으로 임명했습니다. T2 Systems는 주차 관리 기술 자회사입니다. Bo는 거의 10년 간의 경과 후 자리에서 물러나는 Adam Blake를 대체합니다. Bo는 이전에 Filtration Group의 총괄 관리자였으며 Danaher 및 ZS Associates에서의 경험을 가지고 있습니다. 그녀는 CEO David Roberts에게 보고하며 T2의 시장 위치 강화에 집중할 것입니다.

T2 Systems는 북미의 대학, 지방 자치 단체, 민간 운영자에게 주차 관리 소프트웨어 및 서비스를 제공합니다. 그 서비스에는 허가, 집행, 결제소, 모바일 결제, 주차 접근 및 수익 관리 시스템이 포함됩니다. Bo의 임명은 T2의 성장 촉진과 제품 포트폴리오 강화를 목표로 하고 있습니다.

Verra Mobility (NASDAQ: VRRM) a nommé Lin Bo au poste de vice-présidente senior de T2 Systems, sa filiale spécialisée dans la technologie de gestion des parkings. Bo remplace Adam Blake, qui quitte ses fonctions après près de 10 ans. Auparavant, Bo était Directrice générale chez Filtration Group et apporte une expérience tirée de Danaher et ZS Associates. Elle rendra compte au PDG David Roberts et se concentrera sur le renforcement de la position de marché de T2.

T2 Systems fournit des solutions SaaS et des services pour la gestion des parkings aux universités, municipalités et opérateurs privés en Amérique du Nord. Ses offres comprennent des permis, la réglementation, des stations de paiement, des paiements mobiles et des systèmes de contrôle d'accès et de revenus. La nomination de Bo vise à stimuler la croissance et à améliorer le portefeuille de produits de T2.

Verra Mobility (NASDAQ: VRRM) hat Lin Bo zur Senior Vice President von T2 Systems ernannt, seiner Tochtergesellschaft für Parkmanagement-Technologie. Bo ersetzt Adam Blake, der nach fast 10 Jahren zurücktritt. Bo, zuvor General Manager bei Filtration Group, bringt Erfahrung von Danaher und ZS Associates mit. Sie wird an CEO David Roberts berichten und sich darauf konzentrieren, die Marktposition von T2 zu stärken.

T2 Systems bietet SaaS-Lösungen und Dienstleistungen für das Parkmanagement für Universitäten, Gemeinden und private Betreiber in Nordamerika an. Zu den Angeboten gehören Genehmigungen, Vollstreckung, Zahlungssysteme, mobile Zahlungen sowie Systeme für Parkzugang und Einnahmenkontrolle. Bo's Ernennung zielt darauf ab, das Wachstum voranzutreiben und das Produktportfolio von T2 zu erweitern.

Positive
  • Appointment of experienced executive Lin Bo to lead T2 Systems
  • Potential for strengthened leadership in the parking industry
  • Opportunity for growth and enhancement of SaaS and services offerings
Negative
  • Departure of long-time T2 Systems leader Adam Blake
  • Potential disruption during leadership transition

MESA, Ariz., Aug. 29, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the appointment of Lin Bo as senior vice president of T2 Systems, a Verra Mobility company that specializes in parking management technology and services. She will report to David Roberts, president and CEO, Verra Mobility.

Ms. Bo will succeed Adam Blake, who led T2 Systems for nearly 10 years and is stepping down after completing his commitment to stay with the company when it was acquired by Verra Mobility in 2021.

Most recently, Ms. Bo served as General Manager of FG Clean Wipes and Whirl-Pak at Filtration Group, a global market-leading provider of mission-critical filtration solutions. Before joining Filtration Group, she spent 9 years at Danaher Corporation, a global conglomerate operating across the industrial, life science, and diagnostics sectors.

"I am excited to welcome Ms. Bo to Verra Mobility and look forward to working with her to strengthen T2 Systems' leadership position in the parking industry," said Mr. Roberts. "Her experience in enhancing operations, driving growth and leading business transformation will enable T2 to continue to grow and enhance its SaaS and services offerings."

T2 Systems is a leading SaaS and services provider of parking management solutions for universities, municipalities and private parking operators in North America. The company's comprehensive portfolio includes permitting and enforcement, pay stations, mobile payment solutions and parking access and revenue control systems.

During her time at Danaher, Ms. Bo worked in roles of increasing responsibilities, including leading lean transformation at a contract development and manufacturing organization, and leading teams in North America and Asia-Pacific to drive profitable growth through customer focus. Prior to this, Ms. Bo held various roles in product management, marketing and commercial operations. She began her career as a consultant at ZS associates, a management consulting firm that provides strategy, growth and technology solutions.  

Ms. Bo earned her MBA from Harvard Business School and her Bachelor of Engineering Science in Engineering from the University of Toronto.

About Verra Mobility

Verra Mobility Corporation (NASDAQ: VRRM) 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. For more information, please visit www.verramobility.com.

Forward Looking Statements

We describe initiatives that drive our business and future results in this press release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes or anticipates will or may occur in the future. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties that can affect our performance in both the near-and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this press release can or will be achieved. These forward-looking statements should be considered in light of the information included in this press release, our Form 10-K and other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time.

Additional Information

We periodically provide information for investors on our corporate website, www.verramobility.com, and our investor relations website, ir.verramobility.com.

We intend to use our website as a means of disclosing material non-public information and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our website, in addition to following the Company's press releases, SEC filings and public conference calls and webcasts.

Media Relations:

Investor Relations:

Eric Krantz

Mark Zindler

eric.krantz@verramobility.com

mark.zindler@verramobility.com 

 

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SOURCE Verra Mobility

FAQ

Who is the new senior vice president of T2 Systems at Verra Mobility (VRRM)?

Lin Bo has been appointed as the new senior vice president of T2 Systems, a Verra Mobility company specializing in parking management technology and services.

What is Lin Bo's professional background before joining Verra Mobility (VRRM)?

Lin Bo previously served as General Manager at Filtration Group and spent 9 years at Danaher in various roles. She also worked as a consultant at ZS Associates and holds an MBA from Harvard Business School.

What services does T2 Systems, a Verra Mobility (VRRM) company, provide?

T2 Systems provides SaaS and services for parking management, including permitting, enforcement, pay stations, mobile payment solutions, and parking access and revenue control systems for universities, municipalities, and private parking operators in North America.

When did Verra Mobility (VRRM) acquire T2 Systems?

Verra Mobility acquired T2 Systems in 2021, as mentioned in the press release regarding Adam Blake's commitment to stay with the company post-acquisition.

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