Message-ID: <10736260.1075844070604.JavaMail.evans@thyme>
Date: Wed, 6 Sep 2000 10:10:00 -0700 (PDT)
From: office.chairman@enron.com
To: all.worldwide@enron.com
Subject: Organizational Changes
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In support of Enron=01,s continuing efforts to increase its return on inves=
ted=20
capital and direct resources towards our highest return businesses, David=
=20
Haug, Chairman and CEO of Enron CALME, Jim Hughes, President and COO of Enr=
on=20
APACHI, Joe Kishkill, Managing Director of Enron South America, and Frank=
=20
Stabler, formerly a Managing Director of Enron CALME, will join Mark Metts =
in=20
a corporate wide effort, to help monetize some of Enron=01,s assets.  David=
 will=20
help transition the CALME business activities into other parts of Enron whi=
le=20
working with Mark on the asset monetization projects.  David will continue =
as=20
an Executive Vice President for Enron Corp and a member of Enron=01,s Execu=
tive=20
Committee.  Cliff Baxter will oversee this effort.

Consistent with these changes, the CALME group will be divided as follows. =
=20
Enron Global LNG and Enron=01,s Caribbean Basin activities will become part=
 of=20
the new Enron Global Markets (EGM) group headed by Mike McConnell.  Rick=20
Bergsieker, President/COO of LNG will continue in that role and in his dual=
=20
role as President/COO of Enron Middle East, which will also join EGM. Shawn=
=20
Cumberland, President and COO of the Caribbean Basin unit and his executive=
=20
team will carry out the transition process for the Caribbean business unit'=
s=20
people and businesses as part of EGM.  Management of its Colombia and=20
Venezuela businesses will transfer to Enron South America and its LNG-relat=
ed=20
activities to EGM as described above.=20

The EES related initiatives and people will be transferred to those units. =
=20
All of the various international businesses will participate as usual in th=
e=20
upcoming budget process with their new alignment and continue to meet their=
=20
plan targets for 3rd and 4th quarters.

Concurrently, we are consolidating our trading and merchant activities in=
=20
Japan and Australia into Enron Europe.  Joe Hirl and Paul Quilkey will repo=
rt=20
to Enron Europe=01,s Office of the Chairman.

We congratulate David Haug and Rebecca McDonald for proposing these=20
realignments, which we agree, will maximize both the financial and=20
intellectual capital in Enron.  Over the coming weeks, specific assignments=
=20
and reporting relationships will be determined and communicated.