Key Energy Services, Inc. announced that Bryan Kelln, Mary Ann Sigler, Paul T. Bader, Philip Norment, and Steven H. Pruett resigned as members of the Board. Pursuant to the Exchange Agreement and the Stockholders Agreement, J. Marshall Dodson, current Interim Chief Executive Officer of the Company, and certain nominees of the Supporting Term Lenders, were appointed to the Board on the Effective Date. The new members of the Board are: Harry Quarls: Mr. Quarls currently serves as a director for Rosehill Resources Inc., PetroQuest Energy and chairman of the board for Sunrise Oil & Gas. Mr. Quarls previously served as chairman of the board for Penn Virginia CorporationMr. Quarls also served as a director and chairman of the strategic alternatives committee for Gastar Exploration Inc. and as a director for Fairway Resources and Opal Resources. Mr. Quarls served as a Managing Director at Global Infrastructure Partners retiring after over a decade of service. Additionally, Mr. Quarls served as Managing Director and practice leader for Global Energy, as well as a member of the board of directors at Booz & Company, a leading international management consulting firm. Alan Menkes: Mr. Menkes currently serves as the Managing Partner of Empeiria Capital Partners, a private equity firm that he co-founded in 2002. From 2011 to 2012, Mr. Menkes served as the CEO of Empeiria Acquisition Corp., a special purpose acquisition company until it closed its merger with an operating company in December 2012 and was subsequently renamed Integrated Drilling Equipment Holdings Corp, a publicly traded company. From 2009 to 2010, Mr. Menkes was affiliated with G2 Investment Group LLC, a diversified asset management firm. Marcus Rowland: Mr. Rowland is currently the Senior Managing Director and founding partner of IOG Capital, LP, an oil and gas investment company and is the chairman of the board of Silverbow Resources, Inc. Recently, Mr. Rowland served as the Chief Executive Officer at FTS International, Inc. (formally Frac Tech International, LLC). He served as the President and Chief Financial Officer of Frac Tech Services, LLC and Frac Tech International, LLC from November 2010 to May 2011. J. Marshall Dodson: Mr. Dodson is the Company’s Senior Vice President, Interim Chief Executive Officer, Chief Financial Officer and Treasurer. Mr. Dodson joined Key as Vice President and Chief Accounting Officer on August 22, 2005 and served in that capacity until being appointed Vice President and Treasurer on June 8, 2009. From February 6, 2009, until March 26, 2009, Mr. Dodson served in the additional capacity as interim principal financial officer and was appointed Senior Vice President and Chief Financial Officer on March 25, 2013. From May 11, 2018 to August 20, 2018, Mr. Dodson served as Senior Vice President, Interim Chief Executive Officer, Chief Financial Officer & Treasurer and then from August 2018, Mr. Dodson served as Senior Vice President, Chief Financial Officer & Treasurer until he was appointed Senior Vice President, Interim Chief Executive Officer, Chief Financial Officer & Treasurer on December 30, 2019.