Message-ID: <23270645.1075861152613.JavaMail.evans@thyme> Date: Mon, 4 Feb 2002 16:47:55 -0800 (PST) From: announcements.enron@enron.com To: dl-ga-all_enron_worldwide1@enron.com Subject: Ken Lay Resigns from Board Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Enron General Announcements X-To: DL-GA-all_enron_worldwide1 X-cc: X-bcc: X-Folder: \Teb_Lokey_Mar2002\Lokey, Teb\Inbox X-Origin: Lokey-T X-FileName: tlokey (Non-Privileged).pst Ken Lay announced today that he has resigned from Enron's Board of Directors. His resignation is effective immediately. In a press release, Ken said, "I want to see Enron survive and successfully emerge from reorganization. Due to the multiple inquiries and investigations, some of which are focused on me personally, I believe that my involvement has become a distraction to achieving this goal." He added, "My concern is for current and former Enron employees and other stakeholders, and I feel that it is in their best interest for me to step down from the Board."