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Matrix Service Company Names Dominic Savarino as Chief Financial Officer

NeutralLow impact
MTRX$10.21 1.90%

Matrix Service Company (NASDAQ:MTRX) has appointed Dominic A. Savarino as Senior Vice President and Chief Financial Officer, effective November 6, 2026. Savarino will be based in Houston and report directly to President and Chief Executive Officer Shawn P. Payne. Shares of the industrial contractor rose 1.90% to $10.21 following the news.

In his new role, Savarino will lead the finance and accounting organization, overseeing investor relations, treasury, tax, financial planning and analysis, and financial reporting. He brings extensive energy industry experience, having previously served as Chief Financial Officer at Diamond Offshore Drilling Inc. and holding several executive finance and operational positions at McDermott International, Inc.

The leadership transition comes as Matrix continues to execute its strategic growth plan across its key operating segments, which include Storage and Terminal Solutions, Utility and Power Infrastructure, and Process and Industrial Facilities.

Key points

  • Dominic A. Savarino was named Senior Vice President and Chief Financial Officer of Matrix Service Company, effective November 6, 2026.
  • Savarino will report to CEO Shawn P. Payne and oversee treasury, tax, financial planning, reporting, and investor relations.
  • He previously served as CFO of Diamond Offshore Drilling Inc. and held executive leadership roles at McDermott International, Inc.
  • Matrix Service Company (NASDAQ:MTRX) shares traded up 1.90% to $10.21 following the announcement.

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Questions and answers

Who is the new CFO of Matrix Service Company?

Dominic A. Savarino has been named Senior Vice President and Chief Financial Officer of Matrix Service Company, effective November 6, 2026.

Where will Dominic Savarino be based?

Savarino will be based in Houston, Texas, reporting directly to President and CEO Shawn P. Payne.

What was Dominic Savarino's previous role?

Savarino previously served as Senior Vice President and Chief Financial Officer at Diamond Offshore Drilling Inc.