Endeavour announces board membership changes
Mr. Nayyar is the Founding Partner and Chief Investment Officer of Cyan Partners, LP, a middle market direct lending fund. He has more than 18 years of bulge-bracket finance experience and was the co-head of Global Leveraged Finance at Morgan Stanley from 2006 to 2008. Prior to his time at Morgan Stanley, Mr. Nayyar was at Citigroup and Salomon Brothers where he served in the Leveraged Finance groups.
Mr. Nayyar holds an M.B.A. from the University of Chicago Graduate School of Business and a B.A. in Economics from Columbia University. He will serve as a non-independent director and as a member of the Technology & Reserves Committee.
Endeavour also announced the resignation of Leiv L. Nergaard from the company's board of directors.
Mr. Nergaard was appointed a director of Endeavour International Corporation in November 2008. Mr. Nergaard is chairman of the board of directors for Storebrand ASA, and a board member and chairman of the audit committee of Yara International ASA. ■