Veraction Names New Chief Executive Officer

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Leader in Transportation Spend Management names Chris Connell as CEO

Memphis, TN – Veraction, the leading provider of Transportation Spend Management and Freight Audit services and technology today announced that Chris Connell has joined the company as its Chief Executive Officer.

"Chris Connell’s energy, depth of experience and leadership skills will allow Veraction to rapidly accelerate its growth and move the company to the next level," said Sean White, Chairman of the Veraction Board of Directors and Partner at Spire Capital. "I am excited to work with Chris. We have a shared vision of evolving traditional freight audit and payment services towards creating a comprehensive transportation spend management platform by leveraging technology and data to provide customers with the actionable intelligence and insight they need to solve some of their most complex problems.”

"Veraction’s leading industry position, global footprint, amazing team and strong vision for delivering comprehensive Transportation Spend Management and Freight Audit Services represents a significant opportunity for customers to control and reduce one of their biggest and most increasingly complex spend categories,” said Connell. “Our team as well as our Board of Directors, with deep supply chain management talent from companies like Dell and SAP, makes me excited to be a part of such an impactful company and I am looking forward to working with our team to deliver an exceptional solution within a critical spend category to generate exceptional value for customers.”

“Chris’ track record of growing successful technology and services companies within the spend and supply chain management space coupled with his unique experience in serving industries critical to Veraction will enable us to rapidly grow our leadership position in the market,” Sean White added.

A seasoned executive with more than 20 years in sales, marketing, technology and leadership roles, Connell brings a wealth of experience to the Veraction team. Before joining Veraction, Connell was President of Ritchie Bros. EquipmentOne, the world leader in asset disposition solutions. Ritchie Bros. EquipmentOne was launched with the successful acquisition of AssetNation in 2012 where Connell was the President and Chief Commercial Officer. Prior to AssetNation, Connell has held executive positions in a number of leading supply chain management technology companies such as Ariba and FreeMarkets. Connell is also a former officer in the United States Marine Corps.

Veraction is the leader in Transportation Spend Management solutions. Veraction combines industry leading cloud based applications with best in class services to help companies realize savings, visibility and control of their transportation spend across all transportation modes. With a global footprint and range of solutions spanning freight and parcel audit, bill payment, financial allocation services, spend analytics, visibility and expert consulting, Veraction enables companies to manage their critical and significant transportation spend more effectively. Veraction is headquartered in Memphis, TN with US offices in Austin, TX and Saint Simons Island, GA as well as global offices in Amsterdam, Manila and Shenzhen. Visit Veraction at

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