Matrix Service Company Announces Management Changes
July 18, 2017
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Matrix Service Co. appointed John D. Chandler as independent members of the board of directors. The company also announced that board members Michael J. Hall and I. Edgar “Ed” Hendrix will retire from the board and not stand for re-election at the 2017 annual meeting. Hall has been on the board for 19 years and Hendrix has been on the board for 17 years. Chandler most recently served as the chief financial officer and treasurer of Magellan GP, the general partner of Magellan Midstream Partners. His career also included management jobs at Williams Cos. Inc. and Mapco Inc. He also served as a director and on the audit committee of Green Plains Holdings, general partner of Green Plains Partners, a director for Cone Midstream GP, general partner of Cone Midstream Partners and as a director of USA Compression GP, general partner of USA Compression Partners.
Matrix Service Company, through its subsidiaries, is an industrial engineering, construction, and maintenance contractor operating in North America. The Companyâs segments include Storage and Terminal Solutions, Utility and Power Infrastructure, and Process and Industrial Facilities. Its Storage and Terminal Solutions primarily consists of engineering, procurement, fabrication, and construction services related to cryogenic and other specialty tanks and terminals. This segment also includes terminal balance of plant work. Its Utility and Power Infrastructure segment primarily consists of engineering, procurement, fabrication, and construction services to support growing demand for LNG utility peak shaving facilities. Its Process and Industrial Facilities consists of plant maintenance, repair, and turnarounds in the downstream and midstream markets for energy clients including refining and processing of crude oil, fractionating, and marketing of natural gas and natural gas liquids.