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Enron Mail |
Due to a system error this original email could not open the powerpoint
presentation. Please launch the attachment. Enron Global Markets has experienced tremendous growth since inception and this growth rate will continue to increase as new businesses and markets are developed. In order to ensure EGM Operations & Accounting is positioned to provide the highest level of support and value to each EGM business unit, I am pleased to announce the following organizational changes effective immediately. Physical Commodity Operations These groups, which include Crude & Products, Coal, LNG, Freight and Weather, are being reorganized along functional lines to provide better focus and promote efficiencies across these operational activities. Weather is being included in this group to maintain the consistency of current Operations leadership in this area. Business Risk Controls Todd Hall will assume the role as Business Risk Controller on a worldwide basis for the physical businesses. This group will have responsibility for all Risk Management activities and serve as the daily commercial interface for all operational issues that affect the physical businesses. North America Operations Michelle Bruce will assume responsibility for the following activities that support the physical businesses for North America: Confirmations, Coordination, Settlements and Trade Accounting. Michelle and her team will also play a key role in coordinating operational activities as they relate to potential acquisitions and new business opportunities within North America. Europe/Asia Operations Cindy Horn will continue in her role managing the following activities for the physical businesses in Europe and Asia: Confirmations, Coordination, Settlements and Trade Accounting. Cindy and her team will also have the critical responsibility of ensuring proper controls and processes are maintained for all new and existing markets throughout the region. Tiong Hock Lim and his team in Singapore will report to Cindy. Financial Commodity Operations Sheila Glover will expand her current role and manage all business risk and operational activities for Financial Trading and Global Risk Management. As the Global Risk Management business grows, Sheila will develop the operational processes and infrastructure necessary to support it. Todd, Michelle, Cindy and Sheila will also work together as a Controller team to ensure processes and controls are consistent across EGM and that efficiencies are broadly applied. Structuring/Transaction Analysis Scott Earnest will assume responsibility for all commodity structuring and transaction analysis activities across EGM. His duties will include pricing and valuation of new transactions and businesses, evaluation of existing transactions to identify restructuring opportunities and risk controls monitoring and reporting. Technology Kevin Sweeney will continue in his role as Technology Controller. Kevin and his team will be completing the implementation of Project Thunderball for Crude & Products and Coal and will also serve as the Business Leads for system enhancements and new technology opportunities that are identified. Financial Operations & Accounting Tom Myers will continue in his role of managing EGM Financial Operations & Accounting. Tom and his group are responsible for EGM management reporting, Plan & Current Estimate preparation, the financial close process and G/L controls. Please see the attached organizational chart for a more detailed look at the changes discussed above. Please join me in congratulating everyone on their new assignments.
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