Parsons Brinckerhoff names new chairman

Parsons Brinckerhoff (PB) announced this week that Richard Schrader will become chairman of the company, succeeding Keith Hawksworth, who is retiring after 33 years with the company.

Schrader is currently executive vice president and chief financial officer (CFO). In his new role, he will also undertake additional duties in service of the broader Balfour Beatty Group.

PB president and chief executive officer (CEO) George Pierson said, “I look forward to having Rich as a partner in guiding PB going forward. I will continue to rely on Rich’s extensive expertise in financial management and will look to him for assistance in determining PB’s strategic direction.”

PB has now begun an executive search process for a CFO to succeed Schrader, who has been with PB for 27 years and has been a member of the company’s board of directors since 1992.