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December 7, 2009

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NEWS HEADLINES

Pierson Named CEO of Parsons Brinckerhoff

Parsons Brinckerhoff (PB) has announced that George J. Pierson will assume the post of chief executive officer on Jan. 1, 2010. He succeeds Keith J. Hawksworth, who will become PB chairman.

Pierson also will continue his current duties as president and chief operating officer of PB’s Americas division. He is a licensed engineer and lawyer who joined PB as general counsel and secretary in February 2006 and was named to his most recent post in January 2008. Earlier, he served as partner and director of the International Construction Practice Group of Peckar & Abramson, PC, a national construction law firm.

PB has 15,000 employees in 150 offices worldwide and 2009 revenues of $2.1 billion. In October 2009, Balfour Beatty, an international engineering, construction, professional services, and investment group, acquired the company—with PB now a wholly-owned subsidiary of that firm.

Hawksworth is a 33-year PB employee who was named CEO in January 2008 and oversaw the strategic planning process that resulted in the merger with Balfour Beatty. He succeeds James L. Lammie—also a past CEO—as PB’s chairman.

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