Parsons Names Jon Moretta President of Engineered Systems Business

Rhea-AI Summary

Parsons Corporation (NYSE: PSN) has appointed Jon Moretta as president of its engineered systems business unit, effective immediately. Moretta joined Parsons in 2016, previously leading the industrial market in critical infrastructure. Under his management, the industrial business has executed major mine closure projects and environmental remediation globally. The company has been recognized in ENR's Top 200 Environmental Firms and is expanding its PFAS life cycle solution for water treatment across over 250 projects. He replaces Chris Alexander, who announced his retirement.

Positive

• Jon Moretta's promotion is expected to enhance leadership in engineered systems.
• Moretta has proven experience in driving organic growth and environmental sustainability.
• The expansion of the PFAS full life cycle solution is being employed in over 250 projects.

Negative

• None.

CENTREVILLE, Va., Sept. 27, 2021 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) has announced the promotion of Jon Moretta to president of the engineered systems business unit, effective immediately. Moretta joined Parsons in 2016 and most recently served as the industrial market leader in the company’s critical infrastructure business segment.

“Jon is a proven performer in driving organic growth and leading the company’s environmental sustainability practices,” said Carey Smith, president and chief executive officer of Parsons. “Under his leadership, Parsons has thrived in diverse markets by deploying creative solutions and innovative technologies for customers in utilities, mining, water and wastewater, healthcare and pharmaceuticals, and within state and federal government organizations. His technical depth and experience in leading complex programs and organizations will guide our engineered systems team to continued success as we help our customers create the future.”

Under Jon’s leadership, Parsons’ industrial business managed the world’s largest mine closure and reclamation projects at the Giant Mine in Northwest Territories, Canada, and Faro Mine in Yukon Territory, Canada, along with environmental remediation programs around the world. The company has consistently been included in ENR’s Top 200 Environmental Firms, and recently expanded their cutting-edge PFAS full life cycle solution, which is being used to clean water in more than 250 projects to date.

Moretta replaces Chris Alexander, who announced his intent to retire earlier this month. Alexander most recently served as president of Parsons’ engineered systems business unit as part of his nearly two decades with the company where he led complex programs across the federal sector and with customers across five continents.

Parsons’ engineered systems business unit delivers U.S. federal infrastructure solutions around the world. With clients ranging from the Department of Energy to the Department of Homeland Security and Federal Aviation Administration, the company has helped federal government agencies meet their facility and infrastructure program needs by guiding them through the integrated design delivery challenges on complex, multi-site, multi-phase programs for more than 75 years.

To learn more about Parsons leadership team, please visit: https://www.parsons.com/about/leadership/

About Parsons

Parsons (NYSE: PSN) is a leading disruptive technology provider in the global defense, intelligence, and critical infrastructure markets, with capabilities across cybersecurity, missile defense, space, connected infrastructure, and smart cities. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.

Media Contact:
Bryce McDevitt        
+1 703.851.4425
Bryce.McDevitt@Parsons.com

Investor Relations Contact:
Dave Spille
+ 1 571.655.8264
Dave.Spille@parsons.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d4be9cef-3274-47a6-a414-4b2ff9ea92af

FAQ

Who is the new president of Parsons' engineered systems business unit?

Jon Moretta has been promoted to president of Parsons' engineered systems business unit.

What experience does Jon Moretta have at Parsons?

Jon Moretta joined Parsons in 2016 and previously served as the industrial market leader in critical infrastructure.

What notable projects has Parsons completed under Jon Moretta's leadership?

Under Jon Moretta's leadership, Parsons managed significant mine closure and environmental remediation projects.

What is Parsons' focus in the engineered systems sector?

Parsons' engineered systems business unit provides infrastructure solutions to U.S. federal government agencies.

What does Parsons do in environmental sustainability?

Parsons is recognized for its environmental sustainability practices and has been included in ENR’s Top 200 Environmental Firms.