Preferred Systems Solutions (PSS), a portfolio company of CM Equity Partners, announced on Wednesday that Randy Morgan has been appointed as CEO and a member of the PSS Board of Directors. Jim Ballard, current CEO and member of the board, is transitioning to chairman of the board.
Morgan will be responsible for growing PSS’ professional services and leading-edge technology capabilities to bring mission-enabling innovation to new and existing customers.
“I am very pleased to be joining a very talented PSS team as their new CEO and look forward to building upon the success PSS achieved through outstanding support and providing critical mission solutions to our customers to help protect our nation,” said Morgan.
Randy Morgan brings 30 years of experience in federal contracting and leadership to the role and the company. Prior to joining PSS, Morgan held senior leadership roles at Parsons and was instrumental in the design and implementation of several multi-year business campaigns, which resulted in several contract awards with the U.S. Department of Defense.
“Over his career, Randy has consistently demonstrated a progressive, strategic approach to business coupled with strong leadership abilities that will serve PSS well going forward,” said Peter Schulte, managing partner at CMEP. “Over the past 18 months, PSS has experienced great success in building their workforce, winning new and re-compete contracts, developing a robust pipeline of business opportunities, and continuing to delight their customers with exceptional solutions and services. Randy is well respected by customers, partners and colleagues within the industry and his expansive experience is directly related to the areas of growth we are pursuing at PSS.”