Published:
Matrix Service Appoints Thomas E. Long as Chief Financial Officer
TULSA, Okla., April 7, 2008 /PRNewswire-FirstCall/ -- Matrix Service Co.
(Nasdaq: MTRX), a leading industrial services company, announced today that
Thomas E. Long will join the company as vice president and chief financial
officer in early May 2008. Mr. Long succeeds Les Austin in the post.
Mr. Long will be responsible for providing strategic leadership and
management direction for all financial aspects of Matrix Service. He reports
to Chief Executive Officer Michael Bradley.
Mr. Bradley said, "With his extensive financial and business background in
the energy industry, Tom Long has the understanding and broad experience that
will help Matrix Service capitalize on its strong growth opportunities. I have
known Tom for some time and am confident that he has the financial acumen and
leadership capabilities to be successful at Matrix."
Mr. Long was most recently vice president and CFO of DCP Midstream
Partners, LP,Denver, where he was responsible for all financial aspects of
this publicly traded natural gas and natural gas liquids midstream business
since its formation in December 2005. From 1998 to 2005, Mr. Long served in
several executive positions with subsidiaries of Duke Energy Corp.,Charlotte,
NC, one of the nation's largest electric power companies.
During his tenure at Duke Energy, Mr. Long served as vice president and
CFO of its publicly owned power company inEcuador; vice president and
treasurer of Duke Energy Field Services,Denver; and executive vice president
of National Methanol Company, a Duke Energy Corp. chemical joint-venture in
Saudi Arabia.
"This is a great time to be joining Matrix Service. The market dynamics
are strong and the company is well positioned to take advantage of current
energy conditions," Long said.
Starting in 1991, Mr. Long held financial management positions at
PanEnergy Corp.,Houston. He began his career in 1979 at Texas Eastern Corp.,
Houston.
A CPA, Mr. Long has a B.A. in accounting from Lamar University, Beaumont,
TX.
About Matrix Service Company
Matrix Service Company provides general industrial construction and repair
and maintenance services principally to the petroleum, petrochemical, power,
bulk storage terminal, pipeline and industrial gas industries.
The Company is headquartered inTulsa, Oklahoma, with regional operating
facilities located inOklahoma,Texas,California,Michigan,Pennsylvania,
Illinois,Washington, andDelaware in the U.S. andCanada.
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
identified 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.
For more information, please contact:
Investors and Financial Media:
Truc Nguyen, Deputy Managing Director
The Global Consulting Group
T: +1-646-284-9418
E: tnguyen@hfgcg.com
SOURCE Matrix Service Co.
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