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Energy XXI names two to board of directors

Staff writer |
Houston, Tx., USA - December 17, 2014, Houston, Tx., USA - Energy XXI LTD, an oil and natural gas company, announced that James LaChance and Norman Louie have been named to its board of directors.

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Mr. LaChance has been a portfolio manager specializing in high-yield bonds for over 20 years. Most recently, Mr. LaChance worked for Satellite Asset Management, L.P., an investment management fund in New York City.

Prior to Satellite, he was a partner at Post Advisory Group, LLC, an $8 billion investment management firm in Los Angeles and also previously managed hedge funds for LibertyView Capital Management.

He currently sits on the boards of Northern Offshore Ltd., a drilling and production services company, serving as chairman from 2005 to 2012, interim president and CEO from November 2009 to July 2010, and Horizon Lines, Inc., a domestic shipping company, where he has served since 2008 and is currently audit committee chairman.

Mr. LaChance earned a bachelor's degree in business administration from Northeastern University and a master's degree in business administration from the Stern School of Business at New York University.

Mr. Louie has served since 2008 as a managing director at Mount Kellett Capital Management LP, a private equity firm based in New York, and co-leads the North American investment team. Previously, he was a portfolio manager at SAB Capital Management from January 2004 to December 2006 where he focused on special situations investing.

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