Key Energy Services, Inc. (NYSE:KEG) announced on Jan. 26 that William M. Austin, Senior Vice President and Chief Financial Officer has decided to join the turnaround and restructuring group at Alvarez & Marsal. He will leave Key on February 6, 2009. Marshall Dodson, who is the Company's Vice President and Chief Accounting Officer, will assume the additional role of the Company's principal financial officer until the Board elects a new Chief Financial Officer. During this interim period, Mr. Dodson will report directly to the President and Chief Executive Officer, Dick Alario. Commenting on the announcement, Mr. Alario said, "Bill's experience in special situations was of tremendous value to Key as the Board set out to re-orient the Company in 2004.