Matrix Service Company announced that CFO Kevin Cavanah will depart following the filing of the fiscal 2026 annual report, with his departure unrelated to any accounting disagreements. The company has engaged a leading executive search firm to conduct a comprehensive search for a successor to ensure an orderly transition.

Kevin Cavanah has served as CFO and Vice President of Finance for over 23 years, playing a pivotal role in strengthening financial discipline, enhancing internal processes, and supporting the company through multiple growth phases. Leadership praised his contributions to building a robust finance organization and maintaining stability during periods of transformation.

Chief Operating Officer Shawn Payne, the incoming CEO, emphasized a sharpened focus on execution and speed to market as Matrix Service enters its next growth phase. The finance team built by Cavanah is expected to support these objectives, while the search firm evaluates candidates with industry experience to align with the company’s strategic goals.