Key Energy Services, Inc. announced that President and Chief Executive Officer Robert Drummond notified the Company of his decision to resign from his role as CEO to pursue another opportunity effective May 11, 2018. While Mr. Drummond was prepared to continue in his position for 90 days, the Board has determined to name Key's current Senior Vice President and Chief Financial Officer, Marshall Dodson, as interim CEO. Mr. Dodson will continue to fulfill his current responsibilities during the interim period.

Mr. Drummond will continue to remain on Key's Board of Directors. Key will be engaging an executive search firm to conduct a comprehensive search for its next CEO.