TULSA, Okla., June 26, 2018 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq:MTRX) — Matrix Service Company (Nasdaq:MTRX) today announced that it has appointed Liane K. Hinrichs to serve as a member of its Board of Directors following a temporary increase in Board size from seven to eight members. Ms. Hinrichs term commenced on June 5, 2018. The size of the Board will revert to seven when Board Chairman Tom E. Maxwell retires at the end of his current term, which will coincide with the 2018 Annual Meeting. Maxwell will have served 15 years at the time of his retirement.
“We are delighted to welcome Liane to the Board and look forward to the additional perspective she will bring based on her strong business, legal and industry expertise. We are also very grateful to Tom for his years of dedicated leadership and expertise,” said Matrix Service Company President and CEO, John R. Hewitt. “Tom’s seasoned leadership, strong guidance and expertise in the construction and energy industries has been invaluable to our growth, and to building long-term value for our shareholders. On behalf of the entire management team, I thank him for his insightful leadership and support.”
Hinrichs served as Senior Vice President, General Counsel and Corporate Secretary for McDermott International, Inc. (“McDermott”) until her retirement in 2017. McDermott is a global engineering, procurement, construction and installation firm serving the offshore oil and gas industry. From 1999 until 2008, Ms. Hinrich held positions of increasing responsibility at McDermott including Senior Counsel, Assistant General Counsel, Associate General Counsel, Corporate Compliance and Transactions, and Vice President, General Counsel and Corporate Secretary.
She received her juris doctorate degree from Tulane University School of Law in 1982 and a Master of Law in Securities Regulation from Georgetown University in 1989.
About Matrix Service Company
Founded in 1984, Matrix Service Company (NASDAQ:MTRX) is parent to a family of companies that include Matrix Service Inc., Matrix NAC, Matrix PDM Engineering and Matrix Applied Technologies. Our subsidiaries design, build and maintain infrastructure critical to North America's energy, power and industrial markets. Matrix Service Company is headquartered in Tulsa, Oklahoma with subsidiary offices located throughout the United States and Canada, as well as Sydney, Australia and Seoul, South Korea.
The Company reports its financial results based on four key operating segments: Electrical Infrastructure, Storage Solutions, Oil Gas & Chemical and Industrial. To learn more about Matrix Service Company, visit matrixservicecompany.com.
For more information, please contact:
Matrix Service Company:
Kevin S. Cavanah
Matrix Service Company
Vice President and CFO
T: 918-838-8822
E: kcavanah@matrixservicecompany.com
Alpha IR Group Investor Relations
Robert Winters
T: 312-445-2870
E: MTRX@alpha-ir.com
This release contains forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are generally accompanied by words such as “anticipate,” “continues,” “expect,” “forecast,” “outlook,” “believe,” “estimate,” “should” and “will” and words of similar effect that convey future meaning, concerning the Company’s operations, economic performance and management’s best judgment as to what may occur in the future. Future events involve risks and uncertainties that may cause actual results to differ materially from those we currently anticipate. The actual results for the current and future periods and other corporate developments will depend upon a number of economic, competitive and other influences, including those factors discussed in the “Risk Factors” and “Forward Looking Statements” sections and elsewhere in the Company’s reports and filings made from time to time with the Securities and Exchange Commission. Many of these risks and uncertainties are beyond the control of the Company, and any one of which, or a combination of which, could materially and adversely affect the results of the Company's operations and its financial condition. We undertake no obligation to update information contained in this release.