Parsons Promotes Matt Ofilos to Chief Financial Officer; Names George Ball and Ellen Lord to Board of Directors

CENTREVILLE, Va., July 25, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) has named Matt Ofilos as the company’s chief financial officer (CFO). Ofilos, who previously served as Parsons’ executive vice president of finance, succeeds George Ball, who served as CFO since 2008 and will remain in an advisory capacity through September 2022. Ofilos brings more than 20 years of finance experience and a proven track record of delivering profitable growth and building high-performance finance teams to the role. The board of directors also announced the appointment of two new directors: George Ball and Ellen Lord, the former Under Secretary of Defense for Acquisition and Sustainment. All three appointments are effective July 25, 2022.

“Matt has earned the trust and confidence of our board, workforce, and stakeholders since joining the company last year,” said Carey Smith, chair, president, and chief executive officer of Parsons. “His public company experience, financial acumen, and integrity make him a natural selection to serve as our next CFO. His focus on growth and execution will continue to underpin the success of our finance function and the entire company.”

As executive vice president of finance, Ofilos led the company’s financial operations, including project controls, financial planning, accounting, treasury, and financial systems. Before joining Parsons in 2021, he led multi-billion-dollar finance organizations, including those for Amazon Web Services’ (AWS) Worldwide Public Sector and Strategic Industries businesses. Prior to AWS, he held roles of increasing responsibility at Raytheon, concluding his tenure as CFO for the Space and Command & Control businesses for the Intelligence, Information and Services segment. Ofilos holds a Master of Business Administration from Boston University and a Bachelor of Science from Babson College.

“I am honored and proud to be named Parsons’ next CFO and succeed such a respected leader as George Ball,” said Ofilos. “I look forward to continuing to partner with our business leaders to drive growth and operational excellence while leading a best-in-class finance organization. It’s a privilege to work alongside the talented employees across our global enterprise who successfully deliver on our customers’ critical missions every day.”