Management ChangeOct 28, 2026, 06:41 AM
Parsons CFO Matt Ofilos Resigns; George Ball Appointed Interim CFO
AI Summary
Parsons Corporation announced that its Chief Financial Officer, Matt Ofilos, will resign effective November 6, 2026, to pursue another opportunity. His resignation is not a result of any disagreement with the company. The board of directors has appointed George Ball, a former CFO and current board member, as Interim CFO, also effective November 6, 2026. Mr. Ball will receive a $2,400,000 RSU award as compensation for his interim role.
Key Highlights
- Matt Ofilos resigns as Chief Financial Officer, effective November 6, 2026.
- George Ball appointed as Interim Chief Financial Officer, effective November 6, 2026.
- George Ball will receive a $2,400,000 award of restricted stock units (RSUs) vesting over one year.
- Mr. Ofilos' resignation is not due to any disagreement with the Corporation.
- George Ball previously served as CFO from 2008 to 2022 and is a current board member.
Price Impact
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