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Enron Mail |
Jonathan,
Howdy (that's Texas for Cheers) from Houston. Thanks for the email. I do= =20 think there is a lot to do in Japan and all of Asia. I won't be a stranger= . It is a very interesting job and it was a tough decision to accept it. On= =20 Jeff, we decided to do this as a package deal. I think he was ready to try= =20 something different and we'll make a good team. Good luck and I'll see you by the end of the year. Mike=20 Jonathan Whitehead @ ENRON 08/03/2000 06:22 PM To: Mike McConnell/HOU/ECT@ECT cc: =20 Subject: Congratulations... ...on your new role. Sounds like a really interesting challenge. I think we= =20 have a pretty good opportunity out here in Japan to get some of the Global= =20 Markets products up and running in a fairly short space of time. How did you prise Jeff Shankman away from his beloved gas markets???!!! Hope we'll still see you out here in Tokyo. Jonathan ----- Forwarded by Jonathan Whitehead/AP/Enron on 08/04/2000 08:17 AM ----- =09Office of the Chairman@ENRON =0908/01/2000 08:07 AM =09=09 =09=09 To: All Enron Worldwide =09=09 cc:=20 =09=09 Subject: Organisational Announcement - Introducing Enron Global Mark= ets Office of the Chairman As evidenced by an exceptionally strong performance in the second quarter,= =20 Enron=01,s wholesale energy businesses in North America and Europe continue= to=20 experience tremendous growth. The opportunities to continue to grow our=20 natural gas and power businesses have never been better and it is critical = to=20 Enron=01,s future success that we remain focused on expanding these busines= ses=20 and maintaining the strong momentum we have in these markets. It is equally important that we continue to develop new businesses outside = of=20 gas and electricity, which can make significant contributions to our earnin= gs=20 growth. We have made significant progress in developing these businesses i= n=20 North America, Europe, and most recently in our new Net Works business unit= . =20 Included in these global businesses are our efforts in crude and products,= =20 coal, emissions, insurance, currency, equity trading, interest rates, credi= t=20 trading, paper and pulp, and metals. While significant progress has been made in these efforts we need to=20 accelerate the growth of these new businesses while continuing to=20 aggressively expand our core gas and electricity businesses in North Americ= a=20 and Europe. In order to accomplish these two objectives and to capitalize = on=20 the increasingly global opportunities in these new businesses we are today= =20 announcing the formation of a new business unit =01) Enron Global Markets. = This=20 new business unit will focus on markets and commodities which are global in= =20 scope, but outside our traditional gas and power markets. This new core=20 business unit will operate in parallel with and in close coordination with= =20 the North American and European businesses. Enron Global Markets will be headed by Mike McConnell, President and Chief= =20 Executive Officer, and Jeff Shankman, Chief Operating Officer. They will= =20 report to Mark Frevert who will be Chairman of Enron Global Markets. Mark,= =20 Mike and Jeff will comprise the Office of the Chairman for Enron Global=20 Markets. Included in this new business unit and reporting to the Office of the=20 Chairman will be the following businesses and their leaders: - Global Crude and Products: John Nowlan - Coal: George McClellan - Currency, equities, interest rate and agricultural trading: Gary Hickers= on - Insurance and weather: Jere Overdyke Enron=01,s metals business and Enron Credit.com will remain the responsibil= ity=20 of Enron Europe. The Paper and Pulp business will continue to reside in Nor= th=20 America.=20 With the departure of Mike McConnell from Enron Net Works, we are pleased t= o=20 announce the following appointments in that business unit: - Jeff McMahon: President and Chief Operating Officer - Louise Kitchen: Chief Commercial Officer - Philippe Bibi: Chief Technology Officer Jeff, Louise and Philippe, along with Greg Whalley, will comprise the Offi= ce=20 of the Chairman for Enron Net Works. With Jeff Shankman=01,s departure from Enron North America=01,s natural gas= =20 operation, all of Jeff=01,s direct reports will report to John Lavorato. We are also pleased to announce the following changes to the Enron North=20 America Office of the Chairman. John Lavorato will join the ENA Office of= =20 the Chairman as Chief Operating Officer. Dave Delainey will assume the rol= e=20 of President and Chief Executive Officer. Mark Frevert will retain his rol= e=20 as Chairman of Enron North America in addition to his role as Chairman of= =20 both Enron Global Markets and Enron Europe. Please join us in congratulating everyone in their new assignments and in= =20 supporting the new Enron Global Markets organisation.
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