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Prior to becoming Chancellor, Parnell was an attorney practicing law in Alaska for twenty-five years. Parnell served as the 10th Governor of the State of Alaska from 2009-2014. His leadership expanded funding for education, helped combat domestic violence and sexual assault, and lifted Alaska to record economic prosperity and employment. The Chancellor previously served in the Alaska State Legislature, including two terms in the House and later in the Alaska State Senate where he was Co-Chair of the Senate Finance Committee. He was elected Lieutenant Governor in 2006 and became Governor of Alaska in 2009.

Chancellor Parnell is a graduate of East Anchorage High School. He holds a bachelor's degree in Business Administration from Pacific Lutheran University and a Juris Doctor degree from the Seattle University School of Law.

The Chancellor and Sandy Parnell have lived in Anchorage and the Mat-Su Valley for more than 35 years, and are the proud parents of two daughters and four grandchildren.