Under Carey Smith’s leadership, Parsons delivered strong organic revenue growth throughout 2022, resulting in a 37% stock price appreciation for the year. She credits the entire Parsons team for its focus on providing innovative solutions for customers, and by doing so, delivering on the company’s commitment to its shareholders.
“Since becoming chief executive officer in 2022, Carey has set in place a strategy to move up the solutions integration value chain, leveraging both organic and inorganic investment,” said Steven Leer, lead independent director for Parsons.
“Implementation of this strategy has enabled Parsons to differentiate by applying advanced technology, leading to strong top line growth and significant success in both recruiting and retention. She has positioned Parsons as an industry leader and destination employer.”
Why Watch
In 2023, Smith and her team are heavily focused on two primary objectives, one each for Parsons’ Federal Solutions and Critical Infrastructure markets. For Federal Solutions, they are creating a national security portfolio positioned to deliver operationally relevant cyber, space and missile defense solutions that outpace near-peer threats. For Critical Infrastructure, they want to be the “build back smarter” pioneer exploiting digital technology to upgrade global infrastructure.
“‘People first’ defines our culture at Parsons,” Smith said. “This means having all employees fully engaged in their work, serving a higher value-purpose mission, embracing a collaborative culture where we work and play hard, and providing employees with career opportunities to maximize their potential.”