11-01-2018

Parsons Combines Federal and Infrastructure Units to Create Agile, Market-Responsive Business Structure

Carey Smith Named Chief Operating Officer

PASADENA, CA (November 1, 2018) – Parsons Corporation, a digitally enabled solutions provider focused on the national security, intelligence, and infrastructure markets, announced today that it is combining its Federal and Infrastructure business units into a singular, more agile business structure. The new structure will better align the company’s end-to-end solutions with its diverse client set while also establishing joint research and development projects that leverage the collective strengths of both organizations. The company also announced today it is creating two new positions in its executive leadership team in response to Parsons’ accelerated growth in an increasingly technologically converged marketplace.

Carey Smith, most recently President of Parsons Federal, will oversee both business units in the re-established position of Chief Operating Officer, reporting directly to Chairman and CEO Chuck Harrington. During her 2 years at Parsons, Smith and her team have exceeded all financial performance metrics and acquired and integrated two companies: Polaris Alpha and Williams Electric.

“Combining the federal and infrastructure markets under Carey facilitates our organizational agility, innovation, and collaboration across the company, better serving our customers with digital solutions to their technologically complex challenges,” said Harrington. “This structural alignment also provides enhanced and broadened opportunities to our talented workforce while driving cross-market innovation. Having Carey as COO is an important step in continuing our growth strategy.”

As COO for the Federal and Infrastructure businesses, Smith will have responsibility for profit and loss of the unit, as well as implementation of the corporate organic growth strategy built on continuous technology innovation.

Under the new business structure, Parsons Middle East Africa (MEA) will continue to operate as a standalone business unit.

“Parsons’ defense, security, intelligence, and infrastructure customers need converged end-to-end solutions. Our new structure makes it easier to deliver a broader portfolio of innovative solutions to all of our clients,” said Smith. “Having managed diversified businesses throughout my career, the key to success is our people and our focus on the customer’s mission. With more than 16,000 talented individuals working on four continents across Parsons, we have a highly talented, technologically advanced workforce. I look forward to helping them achieve their personal goals while better serving our customers.”

In addition to Smith’s new role, Mike Johnson, President of Infrastructure, will take on the position of Chief Development Officer reporting directly to Harrington. Drawing upon more than 25 years of business development and profit and loss management at Parsons, Johnson will focus on expanding Parsons’ strategic customer, partner, and supplier relationships across the company.

Additionally, Virginia Grebbien, Corporate Executive Vice President and Chief of Staff, will become Chief Marketing Officer, reporting directly to Harrington. Grebbien had previously served as President of the company’s Commercial Technology and Water business lines and prior to that led the Water business unit’s global business development. She will be responsible for the company’s marketing, branding, internal and external communications, Fellows Program, and government relations.

“By elevating Mike and Virginia to their new roles, I want to send a clear message on the importance of collaboration and innovation—both within Parsons and externally with our key customers and industry influencers. Mike will focus on building and driving growth within a renewed and robust relationship ecosystem while Virginia will ensure that everything we do inspires and influences the best possible outcomes,” said Harrington.

Continuing in their executive leadership team roles will be Garold “Gary” Adams as President of Parsons MEA, George Ball as Chief Financial Officer, Debra Fiori as Chief Human Resources Officer, Donald “Don” Graul as President of Construction, Michael Kolloway as Chief General Counsel, and Adam Taylor as Chief Transformation and Operations Officer.

Background

The Federal business unit encompasses Parsons’ work for government agencies in cybersecurity and intelligence, logistics, security and training, and environment, while the Infrastructure unit includes specialized global businesses focused on an integrated delivery model in connected cities through aviation, rail and transit, mobility, and transportation-related systems. As Parsons’ customers are increasingly seeking scalable, technically complex solutions that span both units, providing a singular cross-functional organization meets our customer’s needs while generating greater business opportunities.

Parsons is leveraging its leading technology products in a seamless and streamlined structure to meet its customers’ growing needs. These include DOMAIN6™, the world’s first fully converged solution to thwart attacks on operational technology (OT) and information technology (IT) environments, and the Intelligent NETworks® (iNET™) advanced transportation management system (ATMS), which includes real-time traffic monitoring, predictive analytics, active traffic management, and integrated corridor management. It is built on a cloud platform with a machine learning-based artificial intelligence engine. DOMAIN6™ and iNET™ are the backbone of Parsons’ connected cities solutions and critical components of its next-generation business strategy.

“Parsons has always had a forward-looking approach throughout its 75-year history. This new business structure aligns our digital solutions with the pipeline of needs of our most important customers, now and into the future. And, importantly, these changes accelerate our ability to solve the world’s most complex challenges and deliver a better world,” said Harrington.

Parsons is a digitally enabled solutions provider focused on the defense, security, and infrastructure markets. With 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.

© 2018 Parsons Corporation. All rights reserved.
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