Evolution Petroleum Corporation announced that its President and Chief Executive Officer, Randy Keys, age 59, has elected to retire effective May 31, 2018. Robert Herlin, Chairman of the Board and past CEO, will move to the position of Executive Chairman and will serve as interim CEO. The board has begun a search for a new president.

In the search, the company will continue to prioritize its strategy of generating cash flow for shareholders through disciplined acquisition of producing properties and continued development of owned assets. Mr. Keys has agreed to be available as needed for consulting through the end of the year.