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Key Energy Services Announces Appointment of New Chief Financial Officer

HOUSTON, June 15, 2020 (GLOBE NEWSWIRE) -- Key Energy Services, Inc. (a??Keya?? or the a??Companya??) announced today the appointment ofA Nelson HaightA as Senior Vice President, Chief Financial Officer and Treasurer. Mr. Haight is an accomplished professional with three decades of experience in senior level positions with public and private companies spanning such areas as finance, technology, business process systems integration, restructuring, refinancing, growth acquisitions, strategic and organizational planning and capital markets transactions, among others. In his role as Senior Vice President and Chief Financial Officer, he will be responsible for overseeing and managing all of Key's finance, accounting, investor relations and technology responsibilities. Mr. Haight's appointment will be effectiveA June 15, 2020.
Previously, Mr. Haight served as a consultant providing finance and accounting services to the energy industry, most recently as the interim Chief Financial Officer for a privately held environmental commodities firm and, prior to that, for a privately held oilfield service company.A  From July 2017 to September 2018, Mr. Haight served as the Chief Financial Officer for Castleton Resources LLC, a privately held exploration and production company, and from 2011 through 2017, Mr. Haight served in various capacities from Vice President to Executive Vice President and Chief Financial Officer for Midstates Petroleum Company, Inc., an independent exploration and production company listed on the NYSE.A  During his tenure at these companies, Mr. Haighta??s responsibilities included finance, treasury, financial planning/forecasting, risk management, accounting, tax, SEC compliance and reporting, information technology, purchasing and investor relations.A "With Nelson joining our team, we are adding a talented and experienced individual with a unique background in finance, organic and acquisition growth, strategic planning and capital markets," said Marshall Dodson, Key's President and Chief Executive Officer.A  "As we continue to grow our business and implement our strategic initiatives, Nelsona??s extensive financial management experience will prove valuable through this challenging market."In connection with Mr. Haighta??s appointment, Mr. Dodson will cease to serve as Interim Chief Financial Officer (Principal Financial Officer) and Treasurer of the Company effective immediately. Mr. Dodson will continue to serve as President and Chief Executive Officer and as a member of the Companya??s Board of Directors.About Key Energy Services
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