On March 17, 2026, Parsons Corporation (NYSE: PSN) disclosed in its Form 8-K filing that Susan Balaguer, the Chief Human Resources Officer (CHRO), will retire effective April 1, 2026. Balaguer has served in this role for nearly five years, during which she has significantly transformed the company's human resources function. To ensure a smooth transition, she will remain with the company in an advisory capacity until the end of May 2026. The Board of Directors has approved a one-time cash bonus of $250,000 as part of her final compensation package.

In conjunction with Balaguer's retirement, Parsons has appointed Soo Lagasse as the new CHRO, effective April 1, 2026. Lagasse, who currently serves as the Senior Vice President of Global Talent Acquisition and Mobility, has been with Parsons since 2021 and has played a pivotal role in enhancing the company's talent acquisition strategies and employee programs. The transition in leadership is expected to maintain the momentum in recruiting and retention that Balaguer established during her tenure.

The announcement was made public through a press release, which is included as an exhibit in the filing. The company emphasized its commitment to a 'People First' culture, which has been a focal point of its human resources strategy under Balaguer's leadership. The changes in the executive team are seen as a strategic move to continue fostering a positive employee experience and to align the HR function with the company's growth objectives.

Overall, the leadership change is viewed positively, as it brings in a leader with a proven track record in talent management and organizational development. The market is expected to respond favorably to this transition, given the emphasis on continuity and the strategic vision outlined by the company’s executives.

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