7/103 sources · 3 publishersUpdated Oct 28, 11:08 UTC
Parsons CFO to Depart as Former Finance Chief Takes Interim Role
Parsons said CFO Matt Ofilos is leaving on November 6, 2026, to pursue another professional opportunity. George Ball, who previously held the CFO post and remains a company director, will become interim CFO. Parsons also reported third-quarter 2026 results and narrowed its fiscal-year revenue and adjusted EBITDA guidance ranges.
Why it matters
The change creates a temporary finance leadership arrangement at Parsons while the company seeks a permanent successor. Ball’s prior experience as Parsons CFO provides continuity during the transition, but the company has not named a permanent replacement.
Key facts
- 1Matt Ofilos has served as Parsons CFO for five years and is scheduled to leave on November 6, 2026. investing.com
- 2George Ball served as Parsons CFO from 2008 to 2022 and will assume the interim role on November 6. investing.com
- 3Parsons said Ofilos’s departure is unrelated to any disagreement over the company’s operations, policies or practices. investing.com
- 4Ball joined Parsons in 1995 and was involved in the company’s initial public offering in 2019. investing.com
- 5Parsons reaffirmed its fiscal-year operating cash flow guidance range while narrowing its revenue and adjusted EBITDA guidance ranges. investing.com
Open questions
- The materials do not provide the revised fiscal-year revenue or adjusted EBITDA guidance figures.
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.