Enron Mail

Subject:RE: Draft of Organizational Announcement
Date:Wed, 6 Jun 2001 08:17:00 -0700 (PDT)

I Shouldn't Kevin report into the OTC for wholesale as we discussed? Mark
-----Original Message-----
From: Whalley, Greg
Sent: 04 June 2001 12:21
To: Frevert, Mark
Subject: FW: Draft of Organizational Announcement

---------------------- Forwarded by Greg Whalley/HOU/ECT on 06/04/2001 12:19
PM ---------------------------
From: Kevin Garland/ENRON@enronXgate on 06/03/2001 11:08 PM
To: Greg Whalley/HOU/ECT@ECT
cc: Liz M Taylor/HOU/ECT@ECT
Subject: FW: Draft of Organizational Announcement

This has been reviewed by HR and Gene Humphrey. Please respond with any
comments. It is intended to go out on Tuesday at noon. I will have the
reorg group meeting Tuesday morning.


Announcing the Formation of One Corporate Equity Investing Unit

To better develop and manage equity investment opportunities related to our
core businesses, Enron has formed one corporate equity investment unit. This
new unit, Enron Principal Investments, will combine the existing investment
units of ENA, EBS and Enron Investment Partners. Additionally, the Enron
Wholesale Restructuring Group will also become part of Enron Principal
Investments. The strategy of Enron Principal Investments will be to work
with the all the business units of Enron to identify, execute, and manage
equity investments, which leverage the Enron's unique and proprietary
knowledge. These investments may be in the form of venture capital, LBO's,
traditional private equity and distressed debt positions.

Kevin Garland will serve as Managing Director of Enron Principal Investments,
overseeing all of its activities. Gene Humphrey, Michael Miller, Richard
Lydecker, and their groups, will join Kevin and his group to form this new
investments unit.

This new investment unit will report to Greg Whalley, in his capacity as an
Enron Policy Committee member. Please join me in congratulating and
supporting Kevin, Gene, Michael, Richard and the other members of this group
in this effort.

Jeff Skilling