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Enron Mail |
FYI Also-- I talked to John Ale ,the GC of Azurix today. They are looki=
ng=20 for attys. I don't know their attitude about recruiters. ---------------------- Forwarded by Richard B Sanders/HOU/ECT on 07/06/99= =20 05:06 PM --------------------------- =20 =09Enron Capital & Trade Resources Corp. =09 =09From: Office Chairman @ ENRON 07/01/99 12:33 = PM =09 To: Enron Worldwide cc: =20 Subject: Organizational Changes Interoffice Memorandum Enron's performance has been exceptional. This performance is reflected in= =20 our stock price, in the recognition we receive in the media and financial= =20 communities, and, most importantly, in the enthusiasm of our people. It ha= s=20 been clear to us for some time that we are driving fundamental change in th= e=20 marketplace and that our natural gas, electricity and communications networ= ks=20 can be positioned for even greater growth. A =01&new economy=018 is emergi= ng, an=20 economy based on intellectual capital and the compelling economics of=20 networks. Capturing the opportunities in this new economy calls for=20 increased coordination and integration across our wholesale (ECT, ECM, EI),= =20 retail (EES), and communications (ECI) businesses. It is our intention to= =20 combine the operations of these businesses into a cohesive organization tha= t=20 will ensure we realize the growth we foresee in all our businesses. To this end, we are initiating a number of organization and staffing change= s=20 in these businesses and related changes in the Enron Office of the Chairman= ,=20 in Corporate Staff groups, and in a number of management/personnel=20 committees. Other business units, EOG, GPG, PGE, and Azurix, will not be= =20 directly affected. Accordingly, the following changes are effective=20 immediately. Enron Office of the Chairman Joe Sutton will join the Office of the Chairman as Vice Chairman. In his n= ew=20 role, Joe will work with the two of us to manage the operations of the=20 company. =20 Rebecca Mark, previously Vice Chairman of the company, will now fully=20 concentrate on her responsibilities as Chairman and CEO of Azurix, our most= =20 recent public company. Rebecca has also been elected to the Enron Board of= =20 Directors, effective today. Ken Harrison, previously Vice Chairman of the company, will fully concentra= te=20 on his responsibilities as Chairman and CEO of Portland General Electric an= d=20 Non-Executive Chairman of Enron Communications. Ken will continue to serve= =20 on Enron's Board of Directors. Redefined Business Units ECT, ECM, EI, EES, and ECI will be regrouped into eight regions/businesses= =20 and five global functions. Each region/business will be operated as an=20 independent entity but will coordinate staffing, career paths, compensation= =20 and performance review across all units. Each global function will provide= =20 its specialized expertise across all regions/businesses. Included in these= =20 functions is a new technology function, which will focus on information=20 systems and growth of our e-commerce capabilities where we believe there is= =20 enormous potential. These organizational units and their leadership are as= =20 follows: Regions/Businesses North America: Cliff Baxter, CEO; Kevin Hannon, COO Europe: Mark Frevert, CEO; John Sherriff, President; Dan McCarty, COO South America: Jim Bannantine, Co-CEO; Diomedes Christodoulou, Co-CEO India: Sanjay Bhatnagar, CEO Caribbean, Middle East: David Haug, CEO Asia, Africa: Rebecca McDonald, CEO EES: Lou Pai, CEO; Tom White, Vice Chairman ECI: Joe Hirko, Co-CEO; Ken Rice, Co-CEO (Ken Harrison =01) non-executive= =20 Chairman) Global Functions Risk Management: Greg Whalley, CEO Finance: Andy Fastow, CFO; Jeff McMahon, Treasurer Asset Operations: Kurt Huneke, CEO EE&CC: Larry Izzo, CEO Technology: Mike McConnell, CEO Corporate Staff All corporate and EI staff units will be regrouped into six corporate staff= =20 groups. These staff groups will support all operations of Enron. These=20 organizational units and their leadership are as follows: Legal: Jim Derrick, EVP and General Counsel; Rob Walls, SVP and Deputy=20 General Counsel Risk Assessment and Control: Rick Buy, EVP Accounting and HR: Rick Causey, EVP and Chief Accounting Officer Investor Relations: Mark Koenig, EVP Other Staff Groups: Steve Kean, EVP and Chief of Staff Corporate Development: To be determined. Committees A new Executive Committee will be formed to replace the existing Management= =20 and Operating Committees. Membership will be as follows: Ken Lay, Chairman Jeff Skilling, Alternate Chairman Joe Sutton Stan Horton Jim Bannantine Kurt Huneke Cliff Baxter Larry Izzo Sanjay Bhatnagar Steve Kean=20 Rick Buy Mark Koenig Rick Causey Rebecca Mark (Ad hoc) Diomedes Christodoulou Mike McConnell=20 Jim Derrick Rebecca McDonald Andy Fastow Jeff McMahon Peggy Fowler Lou Pai Mark Frevert Mark Papa (Ad hoc) Kevin Hannon Ken Rice Ken Harrison John Sherriff=20 David Haug Greg Whalley Joe Hirko Tom White =20 Four other committees, which will be essential to the success of this new= =20 organization, will be formed. These committees are: Managing Director and SVP Personnel Committee: Jeff Skilling, Chairman Vice President Personnel Committee: Kevin Hannon, Chairman Vision and Values Committee: Joe Sutton, Chairman Workforce Diversity: Ken Lay, Chairman Details of membership on these committees will follow shortly. Summary Over the next several weeks all of the specifics of this reorganization wil= l=20 be further ironed out and communicated. In the meantime, please bear with = us=20 - we are confident that these changes will have a significant, positive=20 impact on the operation and growth of the company. =20
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