Matrix Capital Markets‘ board of direction elected Thomas E. Kelso to serve as president. This new role will be in addition to his current responsibilities as managing director, principal and head of Matrix’s Downstream Energy & Convenience Retail Group.

David W. Shoulders was promoted to managing director and head of Matrix’s Consumer & Industrial Products Group. He has been with Matrix for more than 10 years.

William J. O’Flaherty, a member of Matrix’s Consumer & Industrial Products Group, was promoted to vice president. Over the course of his seven year career, O’Flaherty has advised on more than 45 successful sell-side and capital markets engagements across a variety of industries including transportation, packaging, manufacturing, distribution and business services.

Stephen C. Lynch was promoted to vice president. He has been a member of Matrix’s Downstream Energy & Convenience Retail Group since he joined the firm in 2011. Prior to joining Matrix, Stephen was a member of Deloitte & Touche’s audit practice.

John C. Duni was promoted to associate. He has been with Matrix’s Downstream Energy & Convenience Retail Group since May 2015. Duni was previously an associate equity analyst with BB&T Capital Markets and a senior associate with the Assurance & Advisory Services Group at Keiter.