Matrix Service to Appoint Dominic Savarino as CFO

The Houston-based company will welcome Dominic A. Savarino as its new chief financial officer starting November 6, 2026.

Updated on Oct. 20, 2026 in People

Isometric editorial illustration of a heavy industrial crane hook in a steel warehouse, representing corporate financial leadership and stability. — Matrix Service Company named Dominic A. Savarino as its new chief financial officer, with the appointment effective on November 6, 2026. AI Illustration. Upload story photo >

Live Poll

Do you believe multi-hundred-thousand dollar annual salaries for corporate executives are reasonable in today's economy?

Matrix Service Company has named Dominic A. Savarino as its new chief financial officer, principal financial officer, and accounting officer effective November 6, 2026. Savarino takes over the role following the tenure of interim CFO Andrew J. Smith, who has served in the position since September 10, 2026.

Why it matters

This leadership transition secures a permanent financial head for the firm to manage core functions including treasury, tax, and investor relations. The appointment brings in an executive with extensive sector experience to guide the company's fiscal strategy.

The new CFO will receive an annual salary of $500,000 supplemented by a one-time equity grant valued at $450,000. These figures align with the firm's executive compensation package for its principal financial and accounting officer.

The players

Dominic A. Savarino

He is an experienced financial executive who previously served as CFO of Diamond Offshore Drilling and as a consultant with NewVista Advisory Group.

Andrew J. Smith

He served as the interim chief financial officer for the company starting in September 2026.

Matrix Service Company

This is a Houston-based company that provides engineering, construction, and maintenance services to the energy and industrial sectors.

The details

Dominic A. Savarino will oversee the company's accounting, treasury, tax, financial planning, and investor relations divisions. He joins the firm after serving as a consultant with NewVista Advisory Group and previously held the CFO position at Diamond Offshore Drilling.

2021-2024: Savarino served as CFO of Diamond Offshore Drilling.
2025: Savarino began work as a consultant.
September 10, 2026: Andrew J. Smith became interim CFO.
November 6, 2026: Savarino begins as CFO.

Market Landscape

The appointment follows a pattern of corporate transparency established by the SEC's requirements for disclosure of material executive appointments. This change signals Matrix Service Company's effort to stabilize its financial leadership team within a competitive energy services market.

For shareholders and clients, this transition ensures that the company's financial planning and investor relations are managed by a permanent executive. The move provides continuity in how the firm communicates its fiscal health and operational performance to the public.

The takeaway

Companies frequently leverage external executive searches to bring fresh expertise to long-term financial management. Shareholders should monitor the upcoming quarterly reports to see how the new financial leadership influences the company's fiscal outlook.