Parsons Announces Chief Financial Officer Transition
Key Highlights
- ➤Matt Ofilos resigns as CFO effective November 6, 2026, pursuing another opportunity
- ➤George Ball appointed interim CFO effective November 6, 2026
- ➤Parsons reaffirmed fiscal 2026 guidance midpoint and narrowed revenue and adjusted EBITDA ranges
- ➤Parsons reiterated its fiscal 2026 operating cash flow guidance range
Expert Statements
Carey Smith, Chair, President, and Chief Executive Officer of Parsons Corporation
“I want to thank Matt for his leadership, partnership, and financial stewardship over the past five years.”
Carey Smith, Chair, President, and Chief Executive Officer of Parsons Corporation
“During his tenure, Parsons grew revenue and profitability and advanced its growth strategy.”
Carey Smith, Chair, President, and Chief Executive Officer of Parsons Corporation
“We wish Matt continued success in his next chapter.”
Carey Smith, Chair, President, and Chief Executive Officer of Parsons Corporation
“We are pleased to welcome George back as Interim Chief Financial Officer.”
Carey Smith, Chair, President, and Chief Executive Officer of Parsons Corporation
“George’s deep understanding of Parsons, our customers, employees, and strategic priorities will support an orderly transition as we remain focused on disciplined execution and delivering on our corporate strategy.”
CHANTILLY, Va., Oct. 28, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced that Matt Ofilos will resign as Executive Vice President and Chief Financial Officer, effective November 6, 2026, to pursue another professional opportunity. Ofilos’ resignation is not the result of any disagreement with the company on any matter relating to the company’s operations, policies, or practices.
The company’s Board of Directors has appointed George Ball, Parsons’ former Chief Financial Officer and a current member of the Board of Directors, to serve as Interim Chief Financial Officer, effective November 6, 2026. This appointment provides continuity in the company’s financial leadership while the Board of Directors conducts a thorough search for a permanent successor.
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