Message-ID: <14341315.1075855818296.JavaMail.evans@thyme>
Date: Mon, 17 Jan 2000 10:04:00 -0800 (PST)
From: enron.announcements@enron.com
To: all.worldwide@enron.com
Subject: Global Risk Management Operations
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Recognizing Enron=01,s increasing worldwide presence in the wholesale energ=
y=20
business and the need to insure outstanding internal controls for all of ou=
r=20
risk management activities, regardless of location, a global risk managemen=
t=20
operations function has been created under the direction of Sally W. Beck,=
=20
Vice President.  In this role, Sally will report to Rick Causey, Executive=
=20
Vice President and Chief Accounting Officer. =20

Sally=01,s responsibilities with regard to Global Risk Management Operation=
s=20
will mirror those of other recently created Enron global functions.  In thi=
s=20
role, Sally will work closely with all Enron geographic regions and wholesa=
le=20
companies to insure that each entity receives individualized regional suppo=
rt=20
while also focusing on the following global responsibilities:

1. Enhance communication among risk management operations professionals.
2. Assure the proliferation of best operational practices around the globe.=
 =20
3. Facilitate the allocation of human resources. =20
4. Provide training for risk management operations personnel.
5. Coordinate user requirements for shared operational systems.=20
6. Oversee the creation of a global internal control audit plan for risk=20
management activities.
7. Establish procedures for opening new risk management operations offices=
=20
and create key benchmarks for measuring on-going risk controls.  =20

Each regional operations team will continue its direct reporting relationsh=
ip=20
within its business unit, and will collaborate with Sally in the delivery o=
f=20
these critical items. The Houston-based risk management operations team und=
er=20
Sue Frusco=01,s leadership, which currently supports risk management activi=
ties=20
for South America and Australia, will also report directly to Sally.  =20

Sally retains her role as Vice President of  Energy Operations for Enron=20
North America, reporting to the ENA Office of the Chairman.  She has been i=
n=20
her current role over Energy Operations since 1997, where she manages risk=
=20
consolidation and reporting, risk management administration, physical produ=
ct=20
delivery, confirmations and cash management for ENA=01,s physical commodity=
=20
trading, energy derivatives trading and financial products trading. =20

Sally has been with Enron since 1992, when she joined the company as a=20
manager in Global Credit.  Prior to joining Enron,  Sally had four years=20
experience as a commercial banker and spent seven years as a registered=20
securities principal with a regional investment banking firm.  She also own=
ed=20
and managed a retail business for several years.=20

Please join me in supporting Sally in this additional coordination role for=
=20
global risk management operations.