Parsons Corp. has promoted Tim Schmitt to its executive leadership team, effective Aug. 1.
Schmitt joined Parsons in 2018 through the company’s acquisition of Polaris Alpha and has since served as chief development officer. He will continue in this role as he leads Parsons’ merger and acquisition program and oversees strategy and market research efforts.
“Tim is a proven executive and driving force behind our growth and strategy,” said Carey Smith, Parsons chairwoman, president and CEO.
Schmitt led Parsons’ previous six acquisitions and along with the company’s M&A pipeline development is responsible for gap analysis, sourcing through execution and closing, and development and implementation of the corporate strategy. He previously served as senior vice president of corporate development and finance for Polaris Alpha.
“His deep understanding of our markets combined with his experience implementing strategies that drive corporate growth have positioned him to seamlessly transition into this important role on our executive leadership team, and position Parsons for continued success,” Smith said.