1. Parsons appoints John Martinez as new chief legal officer effective February 2026. 2. Outgoing CLO Mike Kolloway will assist in transition until retirement mid-2026. 3. Martinez brings over 25 years of industry legal experience to Parsons. 4. Kolloway's leadership contributed to Parsons' growth and ethical reputation. 5. Focus on ethical culture and customer understanding emphasized for future success.
FAQ
Why Bullish?
John Martinez's extensive legal background can strengthen Parsons' market position, especially amid potential regulatory changes. Historical examples show leadership changes often lead to strategic repositioning that can enhance stock performance, as seen in firms like Raytheon during executive shifts.
How important is it?
John Martinez’s proven track record and immediate relevance in legal operations indicate potential positive impacts on Parsons' valuation and investor confidence. His legal expertise aligns with Parsons' goals, suggesting an upward trend in performance.
Why Short Term?
The announcement of a new C-suite member typically influences short-term investor sentiment. With Martinez's start date in February 2026, immediate reactions may occur as the market weighs his potential impact.
Parsons Corporation Appoints John Martinez as Chief Legal Officer
CHANTILLY, Va., December 18, 2025 – Parsons Corporation (NYSE: PSN) has announced the appointment of John Martinez as its new Chief Legal Officer (CLO), effective February 16, 2026. This strategic decision comes in light of current CLO Mike Kolloway's upcoming retirement in the second quarter of 2026, after which Kolloway will continue to support the company as an advisor to ensure a smooth transition.
Experience and Background of John Martinez
John Martinez brings over 25 years of legal expertise, having held significant roles in both public and private sectors. His distinguished career includes:
- Chief Legal Officer and Corporate Secretary at Maximus, Inc.
- Vice President and General Counsel at GE Aerospace
- Senior roles at Raytheon Technologies, including Vice President and General Counsel for Raytheon Intelligence and Space
Before his corporate tenure, Martinez held senior executive roles within the U.S. Intelligence Community, emphasizing his extensive legal background that began as an Assistant District Attorney in Manhattan.
Significance of the Appointment
Carey Smith, Chair, President, and CEO of Parsons, expressed confidence in Martinez’s capabilities: “John Martinez is one of the most proven and skilled legal officers in our industry. His focus on growth and deep understanding of our operational environment will be critical for Parsons.”
Transition from Mike Kolloway
Mike Kolloway has been an integral part of Parsons since 2016, first as Vice President and Deputy General Counsel for the Americas and later as CLO. His leadership guided Parsons through significant transformations, including its initial public offering and achieving recognition as one of Ethisphere’s World’s Most Ethical Companies for 16 consecutive years.
“Mike Kolloway has made an outsized impact on Parsons Corporation over the last decade,” said Smith, acknowledging Kolloway's influence on the company's ethics, legal operations, and overall business growth.
About Parsons Corporation
Parsons Corporation (NYSE: PSN) is a leading provider of disruptive technology solutions for national security and global infrastructure markets. The company excels in various areas including:
- Cyber and Electronic Warfare
- Space and Missile Defense
- Transportation and Environmental Management
- Urban Development and Critical Infrastructure Protection
For more information on how Parsons is making an impact, please visit Parsons.com or follow us on LinkedIn.
Forward-Looking Statements
This announcement may contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and assumptions and involve risks and uncertainties. Actual results may differ materially from those anticipated.