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Enron Mail |
Once the Arcos plant in Spain is financially closed (expected in Q2 of this
year) Eric Gonzales will be moving back to Houston to work exclusively on co-managing Enron's LNG markets. We are very appreciative of Eric's efforts in Europe since early 1998 and look forward to continuing to work very closely with his LNG team in the coming years. From this point forward Eric will focus his remaining time in Europe exclusively on financially closing Arcos. We are therefore making the following changes immediately. The origination responsibility for Italy will be moved under Eric Shaw. Ricardo Bortolloti will continue in the role as Italian Country Manager and will report to Eric Shaw. Mariano Gentilini will become our Country Manager for Spain and Portugal and will report directly to the Enron Europe Office of the Chairman. The Arcos Power Project is likely to create a large gas to power spread position and so we have asked Paul Mead to assume the added responsibility for our natural gas risk positions in Spain. This position is much more likely to be supplied and influenced by LNG rather than Continental Gas markets and Paul will work quite closely with both Enron Global Markets and the Continental Gas team. Ross Sankey who has been managing our marketing efforts in Holland will also head a new organization that will focus on subsea interconnector and power transmission opportunities across Europe. Among the prospects his team will pursue include projects from Norway to the UK, Sweden to the Continent, and bidding on existing French interconnector capacity. He will report to Eric Shaw for the Holland markets and to Richard Lewis for the Transmission responsibilities. Finally the Continental Gas team is interacting far more with our UK gas team than our power teams on the Continent. Therefore David Galagher who manages our Continental Gas team will now report directly to Richard Lewis. We have aggressive income targets for this year and anticipate that these changes will create the right links to optimize our performance. Please help make these changes as smooth as possible. John Sherriff Michael Brown
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