Message-ID: <22171787.1075850607849.JavaMail.evans@thyme> Date: Tue, 12 Jun 2001 02:08:00 -0700 (PDT) From: steven.kean@enron.com To: kelly.kimberly@enron.com Subject: FW: Draft of Organizational Announcement Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Steven J Kean X-To: Kelly Kimberly X-cc: X-bcc: X-Folder: \Steven_Kean_Nov2001_5\Notes Folders\Sent X-Origin: KEAN-S X-FileName: skean.nsf The other memo will follow shortly from Maureen. ---------------------- Forwarded by Steven J Kean/NA/Enron on 06/12/2001 09:07 AM --------------------------- From: Sherri Sera/ENRON@enronXgate on 06/11/2001 04:51 PM To: Steven J Kean/NA/Enron@Enron cc: Subject: FW: Draft of Organizational Announcement Steve, Kevin Garland sent this to me hoping to get Jeff's approval to send it out from the office of the chairman. Would it make sense to incorporate it into the memo you're working on? Please advise. Thanks, SRS -----Original Message----- From: Garland, Kevin Sent: Monday, June 11, 2001 3:28 PM To: Sera, Sherri Subject: FW: Draft of Organizational Announcement 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 Special Asset Group will also become part of Enron Principal Investments. The strategy of Enron Principal Investments will be to work with all the business units of Enron to identify, execute, and manage equity investments, which leverage 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, overseeing all activities of Enron Principal Investments. Gene Humphrey, Michael Miller, Dick Lydecker, and their groups, will join Kevin and his group to form Enron Principal Investments. This new business unit will report to an investment committee, consisting of Greg Whalley, Ken Rice and Dave Delainey. Please join me in congratulating and supporting Kevin, Gene, Michael, Dick and the other members of this group in this effort. Jeff Skilling