organizational changes forwarded cassandra schultz na enron 11 08 2000 05 20 pm ken lay jeff skilling 11 08 2000 04 59 pm sent enron announcements enron worldwide cc subject organizational changes making number significant organizational changes changes intended accomplish four key objectives first need realign wholesale businesses around successful business model developed last decade north america europe model relies extensive physical transactional networks built around relatively small strategic asset position second need significantly streamline corporate reporting relationships particularly joe sutton departure ability directly manage day day activities 15 independent business units become increasingly difficult third need accomplish changes without way compromising ongoing profitability businesses without delaying hindering effort monetize significant portion lower yielding asset positions fourth always need take advantage reorganization redeploy talent highest value opportunities enron wholesale services today forming enron wholesale services ews consolidate global wholesale businesses closer alignment wholesale businesses accomplish following 1 enhanced communication coordination across business units 2 rapid deployment people higher valued opportunities 3 effective prioritization opportunities across wholesale business 4 rapid extension enron wholesale business model capabilities new industries markets enron wholesale services include current north american european including japan australia global markets industrial markets operations expanded include enron net works business unit well new unit enron global assets addition enron merchant businesses outside north america europe integrated new structure described mark frevert currently chairman wholesale units assume role chairman ceo enron wholesale services greg whalley currently chairman ceo enron net works join mark office chairman president chief operating officer providing impetus organizational changes several international business unit leaders elected move new leadership positions rebecca mcdonald currently ceo enron apachi join ews president ceo enron global assets enron global assets responsibility managing enron existing energy asset portfolio outside north america europe joining rebecca office chairman coo jim hughes currently coo enron apachi rebecca jim report ews office chairman sanjay bhatnagar currently ceo enron india joined ebs ceo middle east asia region sanjay responsible building broadband business region current ebs team region report sanjay role sanjay report ebs office chairman addition sanjay continue remain responsible enron wholesale energy business india transition business enron global assets near future diomedes christodoulou currently co ceo enron south america joined ebs chief commercial officer diomedes located london focus origination activities global opportunities near term attention wholesale enterprise sectors diomedes report ebs office chairman jim bannantine currently co ceo enron south america joining ees lead ees commercial efforts outside north america europe order ensure smooth transition south american businesses facilitate asset sales activities jim remain south america least next several months continue serve ceo enron south america throughout transition jim report cliff baxter office chairman enron wholesale services following transition jim join ees addition changes international asset operations activities making following changes merchant wholesale businesses commercial support functions enron net works louise kitchen assume greg previous responsibilities president ceo enron net works reporting mark greg enron americas concurrent transfer enron global assets responsibility operating enron south central america asset base trading marketing new asset development activities regions report new entity enron americas enron americas responsibility wholesale merchant businesses across north central south america dave delainey president ceo john lavorato chief operating officer comprise office chairman enron americas enron europe enron europe organization includes enron businesses australia japan enron metals remains unchanged leadership john sherriff president ceo michael brown chief operating officer enron global markets enron global markets leadership mike mcconnell president ceo jeff shankman chief operating officer continue responsibility enron middle east lng operations exception ecoelectrica puerto rico operating power plants associated personnel caribbean central america transfer enron global assets enron global markets also continue manage commodity businesses crude products coal weather insurance equities interest rates foreign exchange agricultural products enron industrial markets enron industrial markets organization leadership jeff mcmahon president ceo ray bowen chief operating officer remains unchanged commercial support ews commercial support functions ews remain managed individual business units creating incremental overhead creation ews fact hope reduce operating costs efficient utilization sharing resources across ews end asked several people take expanded role across ews addition ongoing roles within business units newly defined roles follows mid back office operations sally beck lead mid back office operations across ews services become part enron net works sally reporting louise kitchen rick causey executive vice president chief accounting officer alignment creates coordinated services organization e commerce platforms support wholesale businesses maximize opportunities commercialize services mid back office services commercial activities continue organized dedicated operations controllers responsible specific commodities geographic locations legal mark haedicke serve role general counsel ews regulatory government affairs function remain organized regional basis rick shapiro support ews businesses operating americas mark schroeder based london support european eastern hemisphere operations rick mark also continue support enron businesses operating respective regions continue report steve kean executive vice president chief staff public relations function also organized primarily regional basis eric thode responsibility north american activity enron net works enron industrial markets jackie gentle continue role enron europe including japan australia john ambler responsibility activity outside north america europe well providing support enron global markets enron global assets individuals also continue split reporting relationship mark palmer vice president communications business analysis reporting wes colwell expand role cover ews reporting addition current role north america attached review organization chart enron wholesale services summarizes changes described organization continues evolve keep informed additional changes enron global exploration production enron wind part company wide initiative examine assets investments around world considering variety options respect egep ewc consequence putting businesses cliff baxter direction jeff sherrick ceo egep jim noles ceo enron wind report cliff corporate staff consolidating corporate staff functions human resources government affairs public relations communications administration regard cindy olson executive vice president human resources community relations report steve kean executive vice president chief staff committee structure light increased leadership opportunities created enron growth executive committee expanded include business unit leaders primary role committee continue communication relevant information across enron businesses coordination activities across businesses also drawing group lead company wide initiatives performance review process evaluation creation new businesses executive committee membership shown attached list also forming new committee enron corporate policy committee group responsible overall corporate policy personnel management policy corporate strategy enron corporate policy committee membership also shown attached list confident changes align talent capital highest return opportunities please join us congratulating supporting individuals new roles