- Push-out Score determined
- After about 13 years in the position
- Praise and thanks for Harrington
- Carey Smith taking over
- Harrington will remain as executive chairman at Parsons
- Harrington said 105 words
(exechange) — Centreville, Virginia, April 20, 2021 — Chuck Harrington, chief executive of Parsons, leaves his position. As announced by Parsons Corp. in a news release and in a regulatory filing published on Tuesday, April 20, 2021, Charles L. (Chuck) Harrington leaves his post as chief executive officer at the technology provider in the defense, intelligence, and critical infrastructure markets after about 13 years in the role, effective July 1, 2021.
Chuck Harrington’s duties as CEO will be taken over by Carey A. Smith, currently president and chief operating officer at Parsons Corp.
“The natural choice”
Parsons did not give an explicit reason for Chuck Harrington’s departure from the CEO post, leaving room for speculation. Harrington said: “Carey’s leadership, customer relationships, and proven performance at Parsons make her the natural choice to succeed me as CEO. The company is well-positioned for future profitable growth, and I have full confidence that Carey will continue to advance our success.”
Harrington will remain as executive chairman at Parsons
“Harrington will continue to serve on the Parsons Board of Directors as executive chairman upon his retirement,” Parsons said.
“Retirement”
Parsons said: “Smith succeeds Charles ‘Chuck’ Harrington, who announced his retirement after nearly 40 years with the company.”
Parsons further said: “On April 19, 2021, Charles L. Harrington, Parsons’ Corporation’s Chief Executive Officer announced his retirement effective July 1, 2021.”
Share price increase since April 2020
The announcement follows an increase in Parsons Corp.’s share price of 42% since April 2020.
In the position of CEO since 2008
Chuck Harrington became CEO of the Company in 2008.
Charles L. Harrington was appointed the Company’s Chief Executive Officer in May 2008 and Chairman of the Company’s Board of Directors in November 2008.
Harrington served as President of Parsons Corporation from 2009 to 2019.
Before his appointment in 2006 as Executive Vice President, Chief Financial Officer and Treasurer of Parsons, Harrington was the founding President of one of the Company’s business units.
Harrington also serves on the board of directors of the J.G. Boswell Company, where he chairs the compensation committee and serves on the audit committee.
Further, he serves on several non-profit boards of directors, including the California Polytechnic State University San Luis Obispo Foundation board of directors.
Harrington has also formerly served on the board of directors of AES Corporation and served as an audit chair for this publicly traded company and served on the boards of trustees for the California Science Center Foundation and the Blumenthal Performing Arts Center.
Harrington received a bachelor-of-science in engineering from California Polytechnic State University and a master-of-business administration from the University of California, Los Angeles (UCLA) Anderson School of Management, attended the Advanced Management Program at the Fuqua School of Business at Duke University, and received the UCLA Anderson School board of directors Corporate Governance Certification.
Harrington has been recognized with numerous awards, including being inducted into the National Academy of Construction, the New York Building Congress Industry Recognition Award, and Executive Mosaic’s Wash 100 list of top government contracting leaders.
Harrington also served on the U.S. President’s Council for Modernizing Government under President Obama.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Chuck Harrington’s move on a scale of 0 to 10.
exechange reached out to Parsons and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 17.2021 ($).