Key Energy Services, Inc. Announces Executive Changes
June 15, 2020 at 05:05 pm EDT
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Key Energy Services, Inc. announced the appointment of Nelson Haight as Chief Financial Officer. 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 effective 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. In connection with Mr. Haight’s appointment, Mr. Dodson will cease to serve as Interim Chief Financial Officer (Principal Financial Officer) effective immediately. Mr. Dodson will continue to serve as President and Chief Executive Officer and as a member of the Company’s Board of Directors.
Key Energy Services, Inc. is an onshore, rig-based well servicing contractor. The Company provides a range of well services to oil companies and independent oil and natural gas production companies. The Company's segments include Rig Services, Fishing and Rental Services, and Coiled Tubing Services. The Rig Services segment includes the completion of newly drilled wells, workover and recompletion of existing oil and natural gas wells, well maintenance, and the plugging and abandonment of wells. The Fishing and Rental Services segment offers a line of fishing services and rental equipment designed for use in providing both onshore drilling and workover services. The Coiled Tubing Services segment involves the use of metal pipe spooled onto a large reel which is then deployed into oil and natural gas wells to perform various applications.