Matrix Service Company (NASDAQ: MTRX) announced that Chief Financial Officer Kevin Cavanah will leave the company following the filing of its fiscal 2026 annual report. Cavanah, who also serves as vice president of finance, will remain in his position to support an orderly transition.

The Tulsa, Oklahoma-based engineering and construction services provider has retained an executive search firm to find Cavanah's replacement. The company stated that Cavanah's departure is not related to any disagreement regarding accounting practices, financial statements, internal controls or operations.

"I would like to thank Kevin for his more than 23 years of leadership and service to Matrix," said John Hewitt, president and chief executive officer. "Throughout his tenure, Kevin played a critical role in strengthening our financial discipline, enhancing our processes, and supporting the Company through multiple phases of growth and transformation."

Shawn Payne, chief operating officer and incoming president and chief executive officer, noted that Cavanah "built a strong and experienced finance organization to support our path forward."

Matrix Service Company provides engineering and construction services to energy and industrial markets. The company operates through three segments: Storage and Terminal Solutions, Utility and Power Infrastructure, and Process and Industrial Facilities. Matrix has offices across the United States and Canada, as well as in Sydney, Australia, and Seoul, South Korea.