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Stock Market & Financial Investment News

News Breaks
July 18, 2014
09:08 EDTKEGKey Energy downgraded to Sector Perform from Outperform at Howard Weil
News For KEG From The Last 14 Days
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August 24, 2015
16:48 EDTKEGKey Energy announces CEO succession plan
Key Energy Services announced that its board has approved a CEO succession plan and certain corporate governance changes. Under the succession plan, it is anticipated that Robert Drummond, Key's president and COO will assume the role of CEO no later than December 31, 2016, succeeding Dick Alario, who has informed the board of his intention to retire next year. As part of this transition, the board has split the positions of chairman of the board and CEO. The board has elected director Mark Rosenberg to the position of non-executive chairman effective immediately. Alario will continue as CEO and a member of the board. Key also announced that the board has established a Finance Committee. The Committee will assist the board, and provide a resource for management, in connection with the board's oversight of the company's short and long term financial activities.

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