06-05-2018

McMahon Joins Parsons Board of Directors

PASADENA, CA (June 5, 2018) – The Board of Directors of Parsons Corporation announced that it has named Harry T. McMahon as a new director. Having spent 32 years in investment banking, Mr. McMahon has broad experience providing strategic and financial solutions for corporations and institutions worldwide. This has included leading teams on both mergers and acquisitions and corporate finance projects. He previously served as Executive Vice Chairman of Bank of America Merrill Lynch.

Mr. McMahon currently serves as an independent director in both the for-profit and not-for-profit sectors, including California Resources Corporation, the largest independent oil and natural gas producer in California, where he chairs its Compensation Committee; Cottage Health System, one of California’s largest hospital networks; Claremont McKenna College, where he was Board Chair for eight years; and the Henry R. Kravis Leadership Institute. He also acts as Senior Advisor and Director of G100 Companies, a consortium that provides advice and learning communities for CEOs, Directors, and other corporate leadership.

“As Parsons leverages the confluence of rapidly advancing technology with our infrastructure, defense, and security solutions, we are pleased to welcome Harry to our board,” said Chuck Harrington, Parsons’ Chairman and CEO. “Harry brings a depth of M&A experience as well as an innovative approach to creating value.”

Mr. McMahon holds a BA and an honorary doctorate from Claremont McKenna College, and an MBA from the University of Chicago Booth School.

Parsons is a digitally enabled solutions provider focused on the defense, security, and infrastructure markets. With nearly 75 years of experience, Parsons is uniquely qualified to deliver cyber-physical security, advanced technology solutions, and other innovative services to federal, regional, and local government agencies, as well as to private industrial customers worldwide. For more about Parsons, visit parsons.com, and follow us on Facebook, Twitter, LinkedIn, and YouTube.

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