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Parsons Appoints McMorrow as Executive Vice President Parsons Enterprises


March 29, 2011 - Pasadena, CA

Parsons is pleased to announce that Ruth McMorrow has joined the firm as Executive Vice President, Parsons Enterprises, a new entity that will form part of the Strategy and Development organization reporting to Jim Shappell, Parsons Group Executive, Development/Strategy. Ms. McMorrow will be responsible for leading Parsons' efforts in Public-Private Partnerships, project financing opportunities, and project investment initiatives.

Ms. McMorrow has more than 30 years of investment banking and capital financing experience. Prior to joining Parsons, she was the Managing Director for Scotia Capital, Global Infrastructure Finance International, where she spearheaded the bank's global infrastructure expansion into the United States, Europe, and Asia Pacific (Australia).

"Ruth's wealth of knowledge and vast experience in the North American state, province, and municipal financial arena will help us continue to advance our strategic objectives," said Shappell. "We are delighted to have her on the Parsons team."

Ms. McMorrow has held numerous positions in the investment banking, securities, and capital funding arenas. She has led financial advisory services, debt arrangement, and equity sourcing/sales initiatives, as well as performed credit assessments of U.S. municipal governments. She has extensive expertise in structuring, negotiating, and executing municipal debt transactions. She served as the Commissioner of Finance for the County of Orange, NY, and as the Managing Director of Environmental LLC where she consulted to municipal governments and public authorities throughout New York State on a wide variety of financial and operational issues.

Ms. McMorrow received an undergraduate degree in political science from Montclair State College and a Master of Public Administration from the Maxwell School of Citizenship and Public Affairs, Syracuse University, with a concentration in state and local finance. She is based in New York, NY.

Parsons, celebrating more than 65 years of growth in the engineering and construction industry, is a leader in many diversified markets with a focus on infrastructure, environmental, and defense/security. Parsons delivers design/design-build, program/construction management, professional services, and innovative alternative delivery solutions to private industrial customers worldwide, as well as to federal, regional, and local government agencies. For more about Parsons, please visit www.parsons.com.

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