Parsons Announces CHRO Transition and Leadership Succession Plan

Parsons ( (PSN) ) has provided an announcement.

Parsons Corporation announced on March 17, 2026 that Chief Human Resources Officer Susan Balaguer will retire effective April 1, 2026, and will stay on in an advisory capacity through the end of May to support the transition. The board approved a one-time $250,000 cash bonus as part of her final service payment, recognizing her nearly five-year tenure modernizing the company’s HR enterprise, harmonizing benefits, enhancing leadership development, and helping drive record hiring and improved retention at a pivotal growth phase.

Effective April 1, 2026, Parsons is promoting Soo Lagasse, currently senior vice president of global talent acquisition and mobility, to CHRO, strengthening continuity in its “People First” strategy. Lagasse, who joined Parsons in 2021 and has led a major overhaul of global talent acquisition, expansion of university and intern programs, and implementation of data-driven workforce planning tools, is expected to reinforce HR as a strategic growth partner and support the company’s continued momentum in recruiting and talent development across its national security and infrastructure businesses.

The most recent analyst rating on (PSN) stock is a Hold with a $55.00 price target. To see the full list of analyst forecasts on Parsons stock, see the PSN Stock Forecast page.

Spark’s Take on PSN Stock

According to Spark, TipRanks’ AI Analyst, PSN is a Neutral.

The score is supported primarily by solid financial performance (reliable free cash flow and generally manageable leverage) and a reasonably positive earnings outlook focused on margin expansion, cash conversion, and backlog strength. It is held back by weak technical momentum (below long-term moving averages with negative MACD), a relatively high P/E valuation, and near-term operational/guidance headwinds tied to the confidential contract and Federal Solutions execution/booking challenges.

To see Spark’s full report on PSN stock, click here.

More about Parsons

Parsons Corporation is a leading disruptive technology provider focused on the national security and global infrastructure markets. The company offers capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection, serving government and infrastructure clients worldwide.

Average Trading Volume: 1,228,709

Technical Sentiment Signal: Sell

Current Market Cap: $5.57B

For an in-depth examination of PSN stock, go to TipRanks’ Overview page.