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---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/30/99
03:19 PM --------------------------- VKaminski@aol.com on 12/17/99 07:52:15 PM To: Vince J Kaminski/HOU/ECT@ECT cc: Subject: Fwd: Revised: Organizational Changes Return-Path: <vkamins@ect.enron.com< Received: from rly-yg02.mx.aol.com (rly-yg02.mail.aol.com [172.18.147.2]) by air-yg04.mail.aol.com (v67.6) with ESMTP; Fri, 17 Dec 1999 16:18:02 -0500 Received: from mailman.enron.com (mailman.enron.com [192.152.140.66]) by rly-yg02.mx.aol.com (v67.6) with ESMTP; Fri, 17 Dec 1999 16:17:48 -0500 Received: from dserv1.ect.enron.com (dserv1.ect.enron.com [172.16.1.37]) by mailman.enron.com (8.8.8/8.8.8/corp-1.03) with ESMTP id VAA14547 for <vkaminski@aol.com<; Fri, 17 Dec 1999 21:17:38 GMT Received: from notes.ect.enron.com (notes.ect.enron.com [172.16.4.33]) by dserv1.ect.enron.com (8.8.8/8.8.8) with SMTP id PAA05224 for <vkaminski@aol.com<; Fri, 17 Dec 1999 15:17:47 -0600 (CST) Received: by notes.ect.enron.com(Lotus SMTP MTA v4.6.5 (863.2 5-20-1999)) id 8625684A.0074FA60 ; Fri, 17 Dec 1999 15:17:42 -0600 X-Lotus-FromDomain: ECT From: "Vince J Kaminski" <vkamins@ect.enron.com< To: vkaminski@aol.com Message-ID: <8625684A.0074F7AF.00@notes.ect.enron.com< Date: Fri, 17 Dec 1999 15:17:32 -0600 Subject: Revised: Organizational Changes Mime-Version: 1.0 Content-type: multipart/mixed; Boundary="0__=efqOCe5GaufKLxZPx2TqoeX3XWl9BYAqHYmT8SKLuv0lZ0pvqQGETzhm" Content-Disposition: inline ---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/17/99 03: 17 PM --------------------------- (Embedded Enron North America Corp. image moved to file: From: Enron NA Office of the Chairman pic13759.pcx) 12/16/99 10:22 AM To: All Enron North America cc: Subject: Revised: Organizational Changes To: Enron North America Corp. From: Cliff Baxter and Kevin Hannon In July, as part of the Enron North America (ENA) reorganization, the implementation of several objectives were highlighted as critical to the continued growth of ENA including: 1) accelerate the development of our people, 2) significantly expand our customer network and associated markets, and 3) accelerate and enhance the information flow between groups, both within ENA and across Enron. Consistent with these objectives and with the corporate goal of fostering ?One Enron?, we would like to announce the following organizational changes in the Coverage/Origination Groups and the Commercial Transactions Group within ENA. 1) Coverage/Origination: To ensure a consistent strategy, the free flowing of resources and product technology and the appropriate focus in the midstream and downstream businesses, the following coverage/origination groups will be consolidated under the leadership of Dave Delainey : a) the Eastern and Western U.S. Midstream Coverage/ Origination groups which focus on energy, finance and power development solutions for electric and gas utilities, municipals, co-ops, energy service companies and IPP?s; b) the Downstream Coverage/Origination groups which focus on delivering a broad range of products and services to the heavy industrial customers including pulp and paper, chemicals, plastics, refined products, metals and mining, heavy manufacturing, industrial gases, fertilizers, transportation, textiles and glass manufacturing the Eastern and Western U.S. Midstream Coverage/ Origination groups which focus on energy, finance and industries. Downstream Coverage/Origination As energy deregulation continues in North America, it is becoming clear that the heavy industrial segment will be an important customer market for both ENA and Enron Corp. Further, it is clear that ENA can significantly expand its industrial customer network and create more innovative industrial solutions by having a group that can deploy all the capabilities of Enron Corp. Against this backdrop, the Downstream Coverage/Origination function will expand its product offering to include not only ENA?s existing energy commodities, energy services, finance, assets and pulp and paper capabilities but also EES?s energy outsourcing capability and Global Fuel?s chemicals, plastics and refined products risk management capability. These additional capabilities will be offered in conjunction with EES and the Global Fuels groups. Given the size and importance of this Enron initiative, Greg Piper will be returning from Portland to manage this business. Under Greg?s leadership, the Downstream Origination effort will be segmented into three sub-groups given the nature of these industries and our product offering: a) Pulp and Paper ? Edward Ondarza will continue to manage the coverage activities in the Pulp and Paper business. This group will be responsible for the provision of innovative products and services in the pulp and paper industry including the provision of paper risk management products; b) Chemicals, Plastics and Refined Products ? We have asked Jim Ajello to lead the coverage activities in this business. This group will be responsible for the provision of innovative products and services in the chemicals and refined products industries; c) Non-Integrated Industrials ? Bruce Garner, formerly leader of Bankers Trust?s global metals and mining group in London, has joined ENA to lead the coverage activities in this business. This group will be responsible for the provision of innovative products and services for the metals and mining, heavy manufacturing, industrial gases, fertilizers, transportation, textiles and glass manufacturing industries. Midstream Coverage/Origination a) Eastern Coverage/Origination ? This group? activities will focus on energy, finance and power development solutions for electric and gas utilities, municipals, co-ops and energy service companies in the Eastern Interconnect. We have asked Janet Dietrich to assume the leadership of this group; b) Western Coverage/Origination ? This group?s activities will focus on energy, finance and power development solutions for electric and gas utilities, municipals, co-ops and energy service companies in the WSCC. They will also continue to manage all Qualified Facilities (QF) restructuring opportunities in the Western U.S. We have asked Chris Calger to assume the leadership of this coverage group. Chris will relocate to Portland from Calgary where he currently leads the Canadian downstream origination efforts; c) IPP Merchant Coverage/Origination ? This group?s activities will focus on the provision of structured energy, finance and asset solutions for the emerging merchant power generators who control large portfolio?s of merchant power generation either through development or acquisition. We have asked Mike Miller to assume the leadership of this group. In addition, Mike will continue to manage the power development activities in the Eastern Interconnect; d) Eastern QF Restructuring ? This group will focus on the QF restructuring opportunities in the Eastern Interconnect including the existing restructuring and re-capitalization of the East Coast Power assets. We have asked Dave Duran to assume the leadership of this business. Greg Blair, formerly of Enron Asia?s development group, Doug Clifford, formerly of Citizens power, and Dick Lydecker, formerly of Cogen Technology, will join this newly formed business. 2) Commercial Transactions: The Commercial Transactions Group (CTG), co-headed by Ray Bowen and Jeff Donahue, was formed to provide a centralized resource for the execution of transactions within ENA ? and thereby, improve ENA?s efficiency in executing transactions and free-up the origination groups to increase their intensity of client coverage. CTG consists of six primary functions: Transaction Development, Capital Structuring and Portfolio Management, Commodity Structuring and Transportation, Transactional Support/Accounting, Technical Analysis and Upstream Asset Management. The Transaction Development Group will be responsible for deal leadership, execution and optimization of all aspects of a transaction in conjunction with the originator. The function will be divided into four teams, each of which will be dedicated to between two and four origination groups. This dedication to specific groups should provide a closer link, better service and greater accountability with the origination groups; however, the CTG resources are designed to be a fungible and flexible resource allocated to the highest value transactions across the coverage functions: a) Midstream Transaction Development will be dedicated to the Eastern and Western Coverage/Origination Groups. The senior members of this group include Billy Lemmons, George McCormick, Erin Norris and Russ Porter. Billy Lemmons joined Enron in 1992. Most recently, he was the Vice-President of Capital Structuring and Risk Management for EES. Russ Porter joins us today from Dynegy where he was a manager with responsibilities for power origination. b) Downstream Transaction Development will be dedicated to ENA?s industrial origination efforts in Pulp and Paper, Petrochemicals and Refining, Environmental Energy, Metals and Mining and other industries as coverage is established. The senior members of this team include Rodney Malcolm, Jay Boudreaux, Finley Biggerstaff and Chris Helfrich. We anticipate announcing two to four more additions to this team within the next few weeks. c) Generation Transaction Development will be dedicated to the IPP Merchant Services and power plant development and QF Restructuring groups. The senior members of this team include Thomas Suffield, Andy Kelemen, Kelly Mahmoud and John House. Thomas Suffield joined Enron in 1996. Most recently, he was the Vice-President of Origination for the Latin American group in Azurix. We anticipate announcing two more additions to this team within the next few weeks. d) Upstream Transaction Development will be dedicated to the Producer Finance, Coal and Gas Assets groups. The senior members of this team include Brad Dunn, John Curtin and Chris Hilgert. We hope to announce the addition of at least one VP to this group prior to yearend. Ray Bowen will have primary oversight responsibilities for the Upstream and Downstream Transaction Development teams with Jeff Donahue having primary responsibilities for the Midstream and Generation teams. Andrea Reed will continue to head Capital Structuring and Portfolio Management: all junior commercial resources within the Transaction Development teams will have dual responsibilities to both their Transaction Development teams and to the Capital Structuring Group. The remaining four groups within CTG will remain largely unchanged. In addition, the Origination and the Transaction Development teams and their respective origination groups will be located together. We believe that these changes will significantly enhance our market coverage and industry knowledge in all ENA?s markets particularly in the industrial markets. It will also provide a closer partnership and accountability between the Coverage/Origination Groups and the CTG Groups. Please help us in continuing to build on the success we have enjoyed in North America by working with us to implement these changes. - pic13759.pcx
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