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Enron Mail |
In support of Enron=01,s continuing efforts to increase its return on inves=
ted=20 capital and direct resources towards our highest return businesses, David= =20 Haug, Chairman and CEO of Enron CALME, Jim Hughes, President and COO of Enr= on=20 APACHI, Joe Kishkill, Managing Director of Enron South America, and Frank= =20 Stabler, formerly a Managing Director of Enron CALME, will join Mark Metts = in=20 a corporate wide effort, to help monetize some of Enron=01,s assets. David= will=20 help transition the CALME business activities into other parts of Enron whi= le=20 working with Mark on the asset monetization projects. David will continue = as=20 an Executive Vice President for Enron Corp and a member of Enron=01,s Execu= tive=20 Committee. Cliff Baxter will oversee this effort. Consistent with these changes, the CALME group will be divided as follows. = =20 Enron Global LNG and Enron=01,s Caribbean Basin activities will become part= of=20 the new Enron Global Markets (EGM) group headed by Mike McConnell. Rick=20 Bergsieker, President/COO of LNG will continue in that role and in his dual= =20 role as President/COO of Enron Middle East, which will also join EGM. Shawn= =20 Cumberland, President and COO of the Caribbean Basin unit and his executive= =20 team will carry out the transition process for the Caribbean business unit'= s=20 people and businesses as part of EGM. Management of its Colombia and=20 Venezuela businesses will transfer to Enron South America and its LNG-relat= ed=20 activities to EGM as described above.=20 The EES related initiatives and people will be transferred to those units. = =20 All of the various international businesses will participate as usual in th= e=20 upcoming budget process with their new alignment and continue to meet their= =20 plan targets for 3rd and 4th quarters. Concurrently, we are consolidating our trading and merchant activities in= =20 Japan and Australia into Enron Europe. Joe Hirl and Paul Quilkey will repo= rt=20 to Enron Europe=01,s Office of the Chairman. We congratulate David Haug and Rebecca McDonald for proposing these=20 realignments, which we agree, will maximize both the financial and=20 intellectual capital in Enron. Over the coming weeks, specific assignments= =20 and reporting relationships will be determined and communicated.
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