Message-ID: <22052599.1075840278335.JavaMail.evans@thyme> Date: Thu, 14 Dec 2000 01:12:00 -0800 (PST) From: michael.horning@enron.com To: kenneth.lay@enron.com Subject: Succession Plan Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: quoted-printable X-From: Michael Horning X-To: Kenneth Lay X-cc: X-bcc: X-Folder: \Kenneth_Lay_Dec2000\Notes Folders\Notes inbox X-Origin: LAY-K X-FileName: klay.nsf Ken, Thank you for your leadership and inspiration. =20 Best wishes to you and yours. Regards, Michael P. Horning Director Enron Media Services Global Media Risk Management Phone: 713-853-9181 Fax: 713-646-8436 Cell: 713-303-0742 ----- Forwarded by Michael Horning/Enron Communications on 12/13/00 09:18 P= M=20 ----- =09Ken Lay@ENRON =09Sent by: Enron Announcements@ENRON =0912/13/00 06:01 AM =09=09=20 =09=09 To: All Enron Worldwide =09=09 cc:=20 =09=09 Subject: Succession Plan It is my great pleasure to announce that the Board has accepted my=20 recommendation to appoint Jeff Skilling as chief executive officer, effecti= ve=20 at the time of their next board meeting on February 12, 2001. Jeff will al= so=20 retain his duties as president and chief operating officer. I will continu= e=20 as chairman of the Board and will remain at Enron, working with Jeff on the= =20 strategic direction of the company and our day-to-day global operations. Jeff will assume the role at a time when the company is hitting on all=20 cylinders and is positioned for phenomenal growth. He is clearly ready for= =20 the job, and after 15 years as CEO of this great company, I=01,m ready for = a=20 somewhat different role. Our succession plan has been clear for some time. This has afforded Jeff a= nd=20 me the freedom to combine our strengths toward building a company that=20 continues to exceed everyone=01,s expectations, including our own. We look= =20 forward to furthering that relationship as Jeff expands his role. There are no plans for any other changes in our management team nor broad= =20 shifts in strategy and direction. Please join me in congratulating Jeff. I look forward to a great 2001.