Message-ID: <13492585.1075854462739.JavaMail.evans@thyme> Date: Thu, 7 Dec 2000 06:57:00 -0800 (PST) From: kay.chapman@enron.com To: enron.administration@enron.com Subject: Organizational Changes Cc: chris.behney@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: quoted-printable Bcc: chris.behney@enron.com X-From: Kay Chapman X-To: Enron Messaging Administration X-cc: Chris Behney X-bcc: X-Folder: \David_Delainey_Dec2000\Notes Folders\Sent X-Origin: Delainey-D X-FileName: ddelain.nsf Adriana Domingues/SA/Enron Adriana Perrone/SA/Enron@Enron, Adriana=20 Salvia/SA/Enron@Enron, Adriano Pereira/SA/Enron@Enron, Adriano=20 Santos/SA/Enron@Enron, Alexandre Bueno/SA/Enron@Enron, Ana Cristina=20 Santos/SA/Enron@Enron, Andre Salomao/SA/Enron@Enron, Andreia=20 Almeida/SA/Enron@Enron, Annelise Vendramini/SA/Enron@Enron, Antonio=20 Duarte/SA/Enron@Enron, Bernardino Santos/SA/Enron@Enron, Breno=20 Nogueira/SA/Enron@Enron, Carlos Luvizotto/SA/Enron@Enron, Carlos Gustavo=20 Azevedo/SA/Enron@Enron, Cecilia Mercio/SA/Enron@Enron, Christian=20 Krelling/SA/Enron@Enron, Christian Vasconcellos/SA/Enron@Enron, Claudia=20 Brun/SA/Enron@Enron, Claudia de Araujo Bomfim/SA/Enron@Enron, Claudia=20 Lemos/SA/Enron@Enron, Cristiana Mateus/SA/Enron@Enron, Cristiane=20 Ronza/SA/Enron@Enron, Debora Klinger/SA/Enron@Enron, Dilma=20 Lopes/SA/Enron@Enron, Edineth R Santos/SA/Enron@Enron, Edmundo=20 Picucci/SA/Enron@Enron, Eduardo Cancian/SA/Enron@Enron, Eduardo=20 Camara/SA/Enron@Enron, Eliana Marcon/SA/Enron@Enron, Eliane=20 Eusebio/SA/Enron@Enron, Elio Kumoto/SA/Enron@Enron, Elizabeth=20 Serralheiro/SA/Enron@Enron, Emmanuel Rengade/SA/Enron@Enron, Erica=20 Wolf/SA/Enron@Enron, Fabiana Lopes/SA/Enron@Enron, Fernanda=20 Fernandes/SA/Enron@Enron, Fernando Bacellar/SA/Enron@Enron, Flavio=20 Ferrari/SA/Enron@Enron, Flavio Silberberg/SA/Enron@Enron, Francesco M=20 Sirangelo/SA/Enron, Francisco Carneiro/SA/Enron@Enron, Francisco=20 Riggio/SA/Enron, Francy Botaro/SA/Enron@Enron, Franz Coelho/SA/Enron@Enron,= =20 Fred Sampaio/Sao Paulo/ELEKTRO, Giovanna Poladian/SA/Enron@Enron, Gisela=20 Schwalm/SA/Enron@Enron, Gisele S Braz/SA/Enron@Enron, Gisele=20 Soares/SA/Enron@Enron, Glauco Palhoto/SA/Enron@Enron, Gustavo=20 Moraes/SA/Enron@Enron, Guy Ishikawa/SA/Enron@Enron, Idel=20 Metzger/SA/Enron@Enron, Isaque Nagata/SA/Enron@Enron, Ivan=20 Padilha/SA/Enron@Enron, Ivan G Rodrigues/SA/Enron@Enron, Joao Carlos=20 Albuquerque/SA/Enron@Enron, Joao Guimaraes/SA/Enron@Enron, Joao=20 Machado/SA/Enron@Enron, Joca Paciello/SA/Enron@Enron, Jose Lucio=20 Reis/SA/Enron@Enron, Jose Salles/SA/Enron@Enron, Jose Anson/SA/Enron@Enron,= =20 Joyce Teixeira/SA/Enron@Enron, Juliana Rocha/SA/Enron@Enron, Julie=20 Ramos/SA/Enron@Enron, Katia Cardeano/SA/Enron@Enron, Karla=20 Azevedo/SA/Enron@Enron, Liliana Casey/SA/Enron@Enron, Lindolfo Ernesto=20 Paixao/SA/Enron@Enron, Livia Cabral/SA/Enron@Enron, Luciana=20 Rinaldi/SA/Enron@Enron, Luis Berti/SA/Enron@Enron, Luiz=20 Watanabe/SA/Enron@Enron, Luiz Baccaro/SA/Enron@Enron, Luiz=20 Otavio/SA/Enron@Enron, Luiz Maurer/SA/Enron@Enron, Marcel=20 Mattos/SA/Enron@Enron, Marc Grossmann/SA/Enron@Enron, Marcelo=20 Alves/SA/Enron@Enron, Marcelo Rassekh/SA/Enron@Enron, Marcelo=20 Parodi/SA/Enron@Enron, Marcia Manarin/SA/Enron@Enron, Marcus=20 Stephan/SA/Enron@Enron, Margaret Santos/SA/Enron@Enron, Maria Ines=20 Brunetti/SA/Enron@Enron, Maria Pereira/SA/Enron@Enron, Marianne M=20 Arake/SA/Enron@Enron, Marina Silva/SA/Enron@Enron, Marlene S=20 Muniz/SA/Enron@Enron, Mary Ann Oliveira/SA/Enron@Enron, Mateus=20 Andrade/SA/Enron@Enron, Mervyn Lowe/SA/Enron@Enron, Milena=20 Matone/SA/Enron@Enron, Mina Miyakawa/SA/Enron@Enron, Moacyr=20 Carmo/SA/Enron@Enron, Monica Brissac/SA/Enron@Enron, Monica=20 Matias/SA/Enron@Enron, Murilo Hyai/SA/Enron@Enron, Nadege=20 Araujo/SA/Enron@Enron, Nilson Busto/SA/Enron@Enron, Patricia=20 Dutra/SA/Enron@Enron, Patricia Scholz/SA/Enron@Enron, Paula=20 Oliveira/SA/Enron@Enron, Plinio Prado/SA/Enron@Enron, Regina=20 Oliveira/SA/Enron@Enron, Renata Teke/SA/Enron@Enron, Ricardo D=20 Cunha/SA/Enron@Enron, Ricardo Mucci/SA/Enron@Enron, Ricardo=20 Konishi/SA/Enron@Enron, Ricardo Lisboa/SA/Enron@Enron, Ricardo=20 Szlejf/SA/Enron@Enron, Robert Gross/SA/Enron@Enron, Roberta=20 Luccas/SA/Enron@Enron, Roberto Hukai/SA/Enron@Enron, Roberto=20 Silveira/SA/Enron@Enron, Roberto Schloesser/SA/Enron@Enron, Roderick=20 Blackham/SA/Enron@Enron, Rodrigo Garcia/SA/Enron@Enron, Rosane=20 Fabozzi/SA/Enron@Enron, Sami Arap/SA/Enron@Enron, Samira=20 Ravagnani/SA/Enron@Enron, Sandra Vassel/SA/Enron@Enron, Sergio=20 Nomura/SA/Enron@Enron, Sergio Santos/SA/Enron@Enron, Silvana=20 Granata/SA/Enron@Enron, Simone Noda/SA/Enron@Enron, Sueli=20 Soave/SA/Enron@Enron, Suhail Arap/SA/Enron, Tomas Mohovic/SA/Enron, Tu=20 Ling/SA/Enron@Enron, Vera Elias/SA/Enron@Enron, Walter Lopes/SA/Enron@Enron= ,=20 Jorge Gumucio/SA/Enron, Orlando Gonzalez/SA/Enron, Britaldo Soares/SA/Enron= ,=20 Marcia Rezende/SA/Enron, Rejane Pansiera/SA/Enron, Rinaldo Pecchio/SA/Enron= ,=20 Sergio Assad/SA/Enron, Alfredo Bottone/SA/Enron, Andre=20 Cangucu/ENRON_DEVELOPMENT, Fabio Garcia/NA/Enron, Paulo Squariz/SA/Enron,= =20 Ricardo Sassatani/SA/Enron@Enron, Adela Viana Presa/SA/Enron@Enron, Anderso= n=20 Bastos/SA/Enron@Enron, Andrea Marques/SA/Enron@Enron, Ane=20 Borges/SA/Enron@Enron, Armando Laudorio/SA/Enron@Enron, Carla=20 Santanna/SA/Enron@Enron, Celina Ozorio/SA/Enron@Enron, David=20 Mouta/SA/Enron@Enron, Eduardo Requena/SA/Enron@Enron, Fabio=20 Silva/SA/Enron@Enron, Fernanda Araujo/SA/Enron@Enron, Francisco=20 Panaro/SA/Enron@Enron, Gabrielle Silva/SA/Enron@Enron, Isabel=20 Pojo/SA/Enron@Enron, Joana Alvares/SA/Enron@Enron, Joao=20 Milanez/SA/Enron@Enron, Joao Nelson/SA/Enron@Enron, Jose=20 Garcez/SA/Enron@Enron, Leymir Melo/SA/Enron@Enron, Marcio=20 Goes/SA/Enron@Enron, Orlando Puppin/SA/Enron@Enron, Paula=20 Porto/SA/Enron@Enron, Sergio Cunha/SA/Enron@Enron, Valeria=20 Lima/SA/Enron@Enron, Erik Kingshill/NA/Enron@Enron, Ezequiel=20 Benitez/NA/Enron@Enron, Felipe Ospina/NA/Enron@ENRON, Flavia=20 Negrete/NA/Enron@Enron, G G Garcia/NA/Enron@Enron, Gerald L=20 Gobbi/NA/Enron@Enron, Glenn E Matthys/NA/Enron@Enron, Grisela=20 Escamilla/NA/Enron@Enron, Jeremy Dawson/NA/Enron@Enron, Joana Ryan=20 Bekerman/NA/Enron@Enron, John Guidry/NA/Enron@Enron, John R=20 Ayres/NA/Enron@Enron, Joy Oliver/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Karen= E=20 Campos/NA/Enron@Enron, Kathleen Wagner/NA/Enron@Enron, Keith=20 Miceli/Corp/Enron@Enron, Lewis May/SA/Enron@Enron, Lisa B=20 Alderman/NA/Enron@Enron, Lisa Connolly/NA/Enron@Enron, Lisa=20 Wolfe/NA/Enron@Enron, Luly Stephens/NA/Enron@Enron, Lynn Aven/NA/Enron@Enro= n,=20 Mary Kimball/NA/Enron@Enron, MaryHelen Martinez/NA/Enron@Enron, Mercy=20 Gil/NA/Enron@Enron, Michael Cunningham/NA/Enron@Enron, Michael J=20 Popkin/NA/Enron@Enron, Miguel Padron/NA/Enron, Mike G Smith/NA/Enron@Enron,= =20 Molly Bobrow/NA/Enron@Enron, Nancy H Vu/NA/Enron@Enron, Nancy=20 Muchmore/NA/Enron@Enron, Neil Sainsbury-Carter/NA/Enron@Enron, Peter E=20 Weidler/NA/Enron@Enron, Rafael Rangel/NA/Enron@Enron, Rick=20 Hopkinson/NA/Enron@Enron, Rob G Gay/NA/Enron@Enron, Robin L=20 Treadwell/NA/Enron@Enron, Samantha Bryce/NA/Enron@Enron, Sergio=20 Avila/NA/Enron@Enron, Terri Denning/Corp/Enron@Enron, Thach C=20 Phan/Corp/Enron@Enron, Tracee Bersani@ECT, Veronica Perez/NA/Enron@Enron,= =20 Yvette Pinero/NA/Enron, Roberto Daniels/NA/Enron, Alberto Carreno/NA/Enron,= =20 Andrea Calo/SA/Enron, Ariel Bruch/ENRON_DEVELOPMENT, Bernardo=20 Andrews/ENRON_DEVELOPMENT, Carolina Waingortin/ENRON_DEVELOPMENT, Cecilia= =20 Morellato/ENRON_DEVELOPMENT, Cristian Folgar/ENRON_DEVELOPMENT, Diego=20 Hollweck/ENRON_DEVELOPMENT, Eduardo Ojea Quintana/ENRON_DEVELOPMENT, Erica= =20 Mestre/SA/Enron, Federico Boveda/SA/Enron, Gabriela Aguilar/SA/Enron,=20 Guillermo Atenor/SA/Enron, Guillermo Canovas/SA/Enron, Guillermo=20 Mulville/SA/Enron, John J Shoobridge/ENRON_DEVELOPMENT, Julian=20 Poole/ENRON_DEVELOPMENT, Julieta Sedarkevich/SA/Enron, Laura=20 Feldman/SA/Enron, Luis Juarros/SA/Enron, Maria Pia Beccaccini/SA/Enron, Mar= ia=20 Fernanda Perez Cometto/ENRON_DEVELOPMENT, Mariana Loaiza/SA/Enron, Mario=20 Aguilar Benitez/SA/Enron, Marisa Pardellas/SA/Enron, Marta Ortiz/SA/Enron,= =20 Miguel Cordoba/SA/Enron, Nadia Rodriguez/SA/Enron, Nancy Dominguez/SA/Enron= ,=20 Pablo Acevedo/SA/Enron, Pablo De Rose/SA/Enron, Patrick=20 Hansen/ENRON_DEVELOPMENT, Rodolfo Freyre/SA/Enron, Santiago=20 Porta/ENRON_DEVELOPMENT, Veronica Leppez/ENRON_DEVELOPMENT, Gustavo=20 Bertocchi/SA/Enron, Carlos Bastos/SA/Enron, Fabian Valle/SA/Enron, Silvia= =20 Dalton/SA/Enron, Sara Dorfman/SA/Enron, Maria Belen Salvador/SA/Enron,=20 Leandro Colosqui/SA/Enron, Jorge Lamoure/SA/Enron, Bernardita De=20 Negri/SA/Enron, Maria Jose Minguillon/SA/Enron, Steve Hopper/TRANSREDES, Ra= y=20 Alvarez/TRANSREDES, Frank M Sugranes/TRANSREDES, John A Hatton/TRANSREDES,= =20 Nasim H Khan/TRANSREDES, Denise Almoina/ENRON_DEVELOPMENT, Ernesto=20 Blanco/ENRON_DEVELOPMENT, Mark Provenzano/ENRON_DEVELOPMENT, Ronald=20 Pantin/Ventane/Enron, Miguel Mendoza/ENRON_DEVELOPMENT, Enrique=20 Cadena/HOU/EES, Carlos Alencar/SA/Enron@Enron, Carlos Leme/SA/Enron@Enron,= =20 Claudio Camargos/SA/Enron@Enron, Helder Mendes/SA/Enron@Enron, Lauro=20 Perdiz/SA/Enron@Enron, Olga Guerreiro/SA/Enron@Enron, Ricardo=20 Cavalcanti/SA/Enron@Enron, Taciana Amaral/SA/Enron@Enron,=20 Garcia.edi@compagas.com.br, Aamelia@scgas.com.br, Estefano=20 Vaine/SA/Enron@Enron, Jacy Britto/SA/Enron@Enron, Rblima@scgas.com.br, D'Ar= cy=20 Carroll/SA/Enron@Enron, James M Bannantine/ENRON_DEVELOPMENT, Jose=20 Bestard/ENRON_DEVELOPMENT, Joe Kishkill/SA/Enron@Enron, Jose=20 Linardi/SA/Enron@Enron, Ricky Lynn Waddell/SA/Enron@Enron, Brett R=20 Wiggs/SA/Enron@Enron, Edward E Graham/SA/Enron@Enron, John=20 Novak/SA/Enron@Enron, Vicky Martinez/SA/Enron@Enron, James Joseph=20 Monroe/SA/Enron@Enron, Remi Collonges/SA/Enron@Enron, Michael=20 Guerriero/SA/Enron, Jeff Kabel/SA/Enron, Federico Cerisoli/SA/Enron, David = M=20 Rosenberg/SA/Enron@Enron, Maria Ines Granado/SA/Enron, Abraham=20 Moreno/NA/Enron@Enron, Allen W Ueckert/NA/Enron@Enron, Blanca=20 Bollom/NA/Enron@Enron, Brenda Garza-Castillo/NA/Enron@Enron, Brian=20 Swinford/NA/Enron@Enron, Clarissa Cooper/NA/Enron@Enron, Connie F=20 Estrems/NA/Enron@Enron, Danthea Dumayas/NA/Enron@Enron, Darryl S=20 Free/NA/Enron@Enron, Erik Kingshill/NA/Enron@Enron, Ezequiel=20 Benitez/NA/Enron@Enron, Felipe Ospina/NA/Enron@ENRON, Flavia=20 Negrete/NA/Enron@Enron, G G Garcia/NA/Enron@Enron, Gerald L=20 Gobbi/NA/Enron@Enron, Glenn E Matthys/NA/Enron@Enron, Grisela=20 Escamilla/NA/Enron@Enron, Jeremy Dawson/NA/Enron@Enron, Joana Ryan=20 Bekerman/NA/Enron@Enron, John Guidry/NA/Enron@Enron, John R=20 Ayres/NA/Enron@Enron, Joy Oliver/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Karen= E=20 Campos/NA/Enron@Enron, Kathleen Wagner/NA/Enron@Enron, Keith=20 Miceli/Corp/Enron@Enron, Lewis May/SA/Enron@Enron, Lisa B=20 Alderman/NA/Enron@Enron, Lisa Connolly/NA/Enron@Enron, Lisa=20 Wolfe/NA/Enron@Enron, Luly Stephens/NA/Enron@Enron, Lynn Aven/NA/Enron@Enro= n,=20 Mary Kimball/NA/Enron@Enron, MaryHelen Martinez/NA/Enron@Enron, Mercy=20 Gil/NA/Enron@Enron, Michael Cunningham/NA/Enron@Enron, Michael J=20 Popkin/NA/Enron@Enron, Miguel Padron/NA/Enron, Mike G Smith/NA/Enron@Enron,= =20 Molly Bobrow/NA/Enron@Enron, Nancy H Vu/NA/Enron@Enron, Nancy=20 Muchmore/NA/Enron@Enron, Neil Sainsbury-Carter/NA/Enron@Enron, Peter E=20 Weidler/NA/Enron@Enron, Rafael Rangel/NA/Enron@Enron, Rick=20 Hopkinson/NA/Enron@Enron, Rob G Gay/NA/Enron@Enron, Robin L=20 Treadwell/NA/Enron@Enron, Samantha Bryce/NA/Enron@Enron, Sergio=20 Avila/NA/Enron@Enron, Terri Denning/Corp/Enron@Enron, Thach C=20 Phan/Corp/Enron@Enron, Tracee Bersani@ECT, Veronica Perez/NA/Enron@Enron,= =20 Yvette Pinero/NA/Enron, Roberto Daniels/NA/Enron, Alberto Carreno/NA/Enron,= =20 Andrea Calo/SA/Enron, Ariel Bruch/SA/Enron, Bernardo Andrews/SA/Enron,=20 Carolina Waingortin/SA/Enron, Cecilia Morellato/SA/Enron, Cristian=20 Folgar/SA/Enron, Diego Hollweck/SA/Enron, Eduardo Ojea=20 Quintana/ENRON_DEVELOPMENT, Erica Mestre/SA/Enron, Federico Boveda/SA/Enron= ,=20 Gabriela Aguilar/SA/Enron, Guillermo Atenor/SA/Enron, Guillermo=20 Canovas/SA/Enron, Guillermo Mulville/SA/Enron, John J Shoobridge/SA/Enron,= =20 Julian Poole/ENRON_DEVELOPMENT, Julieta Sedarkevich/SA/Enron, Laura=20 Feldman/SA/Enron, Luis Juarros/SA/Enron, Maria Pia Beccaccini/SA/Enron, Mar= ia=20 Fernanda Perez Cometto/SA/Enron, Mariana Loaiza/SA/Enron, Mario Aguilar=20 Benitez/SA/Enron, Marisa Pardellas/SA/Enron, Marta Ortiz/SA/Enron, Miguel= =20 Cordoba/SA/Enron, Nadia Rodriguez/SA/Enron, Nancy Dominguez/SA/Enron, Pablo= =20 Acevedo/SA/Enron, Pablo De Rose/SA/Enron, Patrick Hansen/SA/Enron, Rodolfo= =20 Freyre/SA/Enron, Santiago Porta/SA/Enron, Veronica Leppez/SA/Enron, Gustavo= =20 Bertocchi/SA/Enron, Carlos Bastos/SA/Enron, Fabian Valle/SA/Enron, Silvia= =20 Dalton/SA/Enron, Sara Dorfman/SA/Enron, Maria Belen Salvador/SA/Enron,=20 Leandro Colosqui/SA/Enron, Jorge Lamoure/SA/Enron, Bernardita De=20 Negri/SA/Enron, Maria Jose Minguillon/SA/Enron, Steve Hopper/TRANSREDES, Ra= y=20 Alvarez/TRANSREDES, Frank M Sugranes/TRANSREDES, John A Hatton/TRANSREDES,= =20 Nasim H Khan/TRANSREDES, Denise Almoina/ENRON_DEVELOPMENT, Ernesto=20 Blanco/ENRON_DEVELOPMENT, Mark Provenzano/ENRON_DEVELOPMENT, Ronald=20 Pantin/Ventane/Enron, Miguel Mendoza/ENRON_DEVELOPMENT, Enrique=20 Cadena/HOU/EES, German Mutis/ENRON_DEVELOPMENT, Adriana=20 Cabrera/ENRON_DEVELOPMENT, Alberto Levy/SA/Enron, Marilyn Rios/Ventane/Enro= n,=20 Jesus Rivero/SA/Enron, Sandra Lugo/ENRON_DEVELOPMENT, Mark Frevert/NA/Enron= ,=20 Greg Whalley/HOU/ECT, David W Delainey/HOU/ECT, John J Lavorato/Corp/Enron,= =20 Mark E Haedicke/HOU/ECT, Richard Shapiro/NA/Enron, Wes Colwell/HOU/ECT, Dav= id=20 Oxley/HOU/ECT, Joseph Deffner/HOU/ECT, Rebecca McDonald/ENRON_DEVELOPMENT,= =20 James A Hughes/ENRON_DEVELOPMENT, Nicki Daw/NA/Enron, Kay Chapman/HOU/ECT,= =20 Kimberly Hillis/HOU/ECT ------------------------------------------------------------message-- ----------------------------------------------------------------- I need ASAP-- South America is going home & they are off tomorrow ----Thank= s,=20 kay On November 8, the Office of the Chairman, issued an important communicatio= n,=20 announcing significant organizational changes in Enron's worldwide=20 operations. The purpose of this memo is to share with you the decisions tha= t=20 are underway to restructure Enron=01,s operations in South America. The b= asic=20 organizational framework has been set.=20 As you know, Diomedes Christodoulou and Jim Bannantine will be assuming new= =20 responsibilities within Enron. Replacing them will be Orlando Gonzalez and= =20 Joe Kishkill, who will become the Co-Presidents of South America, reporting= =20 to Dave Delainey and John Lavorato. They will share overall responsibility= ;=20 however, Orlando=01,s focus will be on direct sales origination,=20 commercial/government relationships and regulatory issues. Joe=01,s focus = will=20 be on wholesale origination, financial and operating performance and overal= l=20 country management. In addition, Orlando will continue as President and CE= O=20 of Elektro until its ultimate sale. The existing, large integrated asset base in South America (excluding=20 Elektro) will be managed and operated by Rebecca McDonald and Jim Hughes in= =20 Enron Global Assets, which is part of Enron Wholesale Services under Mark= =20 Frevert. Ultimately, there will be very close coordination in both Brazil a= nd=20 Argentina between Enron Americas and Enron Global Assets to ensure that our= =20 reputation in South America is protected, our asset positions are being=20 managed prudently and that commercial opportunities surrounding these asset= s=20 are pursued. The remaining natural gas and electrical commercial activities in South=20 America will be organized around the highly successful North American netwo= rk=20 business model. This model employs people, market making, physical=20 commodities, capital and assets to provide reliable, flexible and high-valu= e=20 products to our customers. It is people and intellectual capital based and= =20 enjoys high rates of return on invested capital. In the interest of pursuing this strategy, the following teams will report = to=20 Joe and Orlando: =20 The Commercial Origination team will be lead by Brett Wiggs. The team will= =20 focus on covering South American markets, primarily Brazilian and Argentine= =20 natural gas and electricity, with the following goals: ? Generating new, innovative, reliable and high value products and services= =20 needed by the market by utilizing our commodity, asset and capital=20 capabilities; ? Providing those products and services across South America and across the= =20 value chain, including wholesale and retail, based upon the highest value= =20 opportunity; ? Finding structural value arbitrages in the South American market and move= =20 quickly to capitalize; ? Assisting the Risk Management and Trading organization in managing the=20 overall risk of the organization; ? Managing all new power and asset development opportunities in South Ameri= ca=20 consistent with this strategy, and ? Providing the Risk Management and Trading organization information and de= al=20 flow. The Commercial Origination team will consist of a diverse group of people w= ho=20 work as a single team which bring the required skills including commodity,= =20 capital, regulatory, asset, development, market, structuring, deal executio= n,=20 finance and country knowledge necessary to reach our goals.=20 The Trading and Risk Management team will be headed by Remi Collonges. The= =20 team will continue to develop pricing information and manage the price book= =20 for the relevant energy markets in support of the wholesale and direct sale= s=20 efforts. Additionally, the team will work toward implementation of activel= y=20 trading South American energy commodities. This group will be responsible= =20 for managing Enron South America=01,s overall risk and will have a direct= =20 reporting relationship with John Lavorato in his role as head of the Americ= as=20 risk activities. The Argentine effort will be integrated into the overall South American=20 Commercial Origination and Trading and Risk Management groups; however, we= =20 will continue to maintain an Argentine office headed by Michael Guerriero. = =20 The goal of the reorganization is to create a flat team oriented organizati= on=20 that is very market and commercially focused. The following support=20 functions will assist the overall business objectives of the commercial tea= m=20 and will report into Joe and Orlando, plus into their line functions in=20 Houston. The overall goal is to ensure that the South American business=20 units have an adequate support organization to evaluate opportunities, as= =20 well as manage day-to-day business and risk. Otherwise, the Houston=20 infrastructure will provide resources as needed to manage peak requirements= =20 in South America, not unlike other businesses in Enron Americas. These groups include: The Government Affairs team, which will be headed by Sergio Assad, will=20 manage the relationships with the relevant regulatory agencies as well as= =20 governmental ministries. The primary regulatory goal will be to facilitate= ,=20 in the near term, substantive changes to the regulatory rules to allow a=20 functioning wholesale traded market in Brazil and Argentina. Sergio will=20 assume his responsibilities upon completion of the Elektro sale. During th= is=20 interim period, Jose Bestard will continue to be in charge of the regulator= y=20 function. Once Sergio makes the transition, he will also report to Rick=20 Shapiro in Enron Government Affairs. The Finance team will be headed by Britaldo Soares. The team will manage t= he=20 interface with Enron Global Finance. Britaldo will transition from his=20 current duties at Elektro upon completion of the Elektro sale. Britaldo wi= ll=20 also report to Joe Deffner in Enron Global Finance. Rob Gay will be=20 assisting Britaldo during the transition, while continuing his work on the= =20 Cuiaba project. The Legal team, which will be lead by Randy Young, as general counsel, and= =20 John Novak, as deputy general counsel, will manage South America=01,s legal= =20 requirements. Randy and John will also report to Mark Haedicke in Enron=20 Wholesale Services - Legal Department. Miguel Padron will become Chief of Staff. Human Resources, Information=20 Technology, Treasury, Accounting & Reporting, as well as Administration wil= l=20 report to Miguel. This will bring focus to essential, but non-commercial= =20 functions, as well as more efficiently manage key matrix reporting=20 relationships with Enron. Miguel will also report to David Oxley in Enron= =20 Wholesale Services =01) Human Resources and Wes Colwell in Enron Wholesale= =20 Services =01) Business Analysis and Reporting. These changes are consistent with Enron's evolving business strategy and=20 reflect our continuing commitment to grow the company by maximizing our=20 financial and intellectual capital. However, in line with the new=20 organizational structure and the near term potential for business in the=20 region, further budget reductions will be necessary. People directly=20 affected will be notified shortly. =20 Enron is committed to continue the successful implementation of its=20 businesses in South America. We believe that as the markets develop, we ar= e=20 uniquely positioned to leverage Enron=01,s core capabilities and create=20 shareholder value.=20