FW: EIM Office of the Chairman: Organizational Announcements

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Due to problems with Outlook on Thursday, a majority of people did not
receive this memo so we are resending. Apologies if it is a duplicate.

Thanks.

Marsha

-----Original Message-----
From: Bowen Jr., Raymond
Sent: Thursday, March 08, 2001 4:34 PM
To: Enron Industrial Markets
Cc: Bibi, Philippe A.; Frevert, Mark; Whalley, Greg; McDonald, Rebecca;
Piper, Greg; Lavorato, John; Kitchen, Louise; Sherriff, John; Brown, Michael;
Hughes, James A.
Subject: EIM Office of the Chairman: Organizational Announcements - EIM
Forest Products Group

Enron Industrial Markets is at a key point in its development. At the end of
March, we expect to close the purchase of Daishowa's Quebec City newsprint
mill. When combined with Garden State, EIM is now the seventh largest
newsprint producer in North America. These two plants will be a crucial
catalyst for the transformation of the paper industry towards a true
commodity marketplace with a robust spot market, transparent pricing
mechanisms, and increased liquidity. As EIM begins this next stage of
evolution in the pulp, paper and lumber markets, we have decided to rename
our effort the "Forest Products Group". We are also pleased to announce the
following organizational changes in our commercial organization. All of
these individuals will report to the EIM Office of the Chairman. These
changes are effective immediately.

? Rodney Malcolm will assume responsibility for a new Sales and Marketing
Group within the Forest Products Group. The Sales and Marketing Group will
be responsible for managing the sales of all physical products in which we
make markets and the development of new markets for EIM in Asia and South
America. The Sales and Marketing Group is also responsible for growing EIM's
sales activities in financial risk management products. By combining
physical and financial activities into one organization, we hope to
accelerate the growth of our business and force the transformation of this
industry. The Sales and Marketing Group will be the primary relationship
contact with our producer and consumer customer base.

? Rob Saltiel will create a new Forest Products Origination Group. The
Forest Products Origination Group will focus on seeking value in longer term,
highly structured transactions. By setting up Origination as a stand-alone
unit, we hope to increase the focus on higher value, long lead time
opportunities. Rob joins us from Enron in London where he has enjoyed
tremendous origination success in the U.K. and European power sector. Most
recently, Rob has been with Enron Direct, Enron Europe's successful effort
marketing energy to commercial customers. Please join us in welcoming Rob to
EIM. Jay Boudreaux and Debbie Chance will be joining Rob's group.

? Bob Crane will continue to be responsible for trading and risk management
in all Forest Product markets.

? Andy Kelemen will take the leadership of the Transaction Development
Group. Transaction Development will continue to provide deal execution
resources and deal management support to all EIM activities. Transaction
Development will also handle all of EIM's corporate development and mergers
and acquisitions activities. Andy joins EIM from ENA where he led the
Transaction Development Group for West Origination. Prior to West
Origination, Andy was with ENA Corporate Development. He joined Enron from
McKinsey in 1996.

Please join us in congratulating these individuals for their new roles. This
new organization will allow us to more keenly focus on our mission: To be
the premier market maker in physical products and financial risk management
products in the Forest Products sector.

As most of you are aware, Brian Burnett has decided to accept a position in
Enron Broadband Services. Brian has been a key leader in building Enron's
franchise in the pulp and paper markets and will be severely missed. Please
join us in wishing Brian well in his new endeavor. Brian will continue to
assist with transitional matters through the end of this quarter.

On Tuesday, March 13th at 4:00 pm we are hosting an EIM all employee meeting
and happy hour at the Mercury Room. Please plan to attend. We will begin
the meeting with a business review and will provide more details about the
new Forest Products Group organization.

Jeff McMahon and Ray Bowen