Message-ID: <2184241.1075858583871.JavaMail.evans@thyme> Date: Wed, 15 Aug 2001 11:07:20 -0700 (PDT) From: paul.pfeffer@bakerbotts.com To: gerald.nemec@enron.com Subject: RE: Organizational Announcement Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Paul.Pfeffer@bakerbotts.com@ENRON X-To: Nemec, Gerald X-cc: X-bcc: X-Folder: \Nemec, Gerald (Non-Privileged)\Nemec, Gerald\Inbox X-Origin: Nemec-G X-FileName: Nemec, Gerald (Non-Privileged).pst Nice effect on the stock. Get Skilling back. -----Original Message----- From: Nemec, Gerald [mailto:Gerald.Nemec@enron.com] Sent: Tuesday, August 14, 2001 4:23 PM To: paul.pfeffer@bakerbotts.com Subject: FW: Organizational Announcement Fyi > -----Original Message----- > From: Enron Announcements/Corp/Enron@ENRON > [mailto:IMCEANOTES-Enron+20Announcements_Corp_Enron+40ENRON@ENRON.com] > On Behalf Of Ken Lay-@ENRON > Sent: Tuesday, August 14, 2001 3:59 PM > To: All Enron Worldwide@ENRON > Subject: Organizational Announcement > > > It is with regret that I have to announce that Jeff Skilling is > leaving Enron. Today, the Board of Directors accepted his resignation > as President and CEO of Enron. Jeff is resigning for personal reasons > and his decision is voluntary. I regret his decision, but I accept > and understand it. I have worked closely with Jeff for more than 15 > years, including 11 here at Enron, and have had few, if any, > professional relationships that I value more. I am pleased to say > that he has agreed to enter into a consulting arrangement with the > company to advise me and the Board of Directors. > Now it's time to look forward. > With Jeff leaving, the Board has asked me to resume the > responsibilities of President and CEO in addition to my role as > Chairman of the Board. I have agreed. I want to assure you that I > have never felt better about the prospects for the company. All of > you know that our stock price has suffered substantially over the last > few months. One of my top priorities will be to restore a significant > amount of the stock value we have lost as soon as possible. Our > performance has never been stronger; our business model has never been > more robust; our growth has never been more certain; and most > importantly, we have never had a better nor deeper pool of talent > throughout the company. We have the finest organization in American > business today. Together, we will make Enron the world's leading > company. > On Thursday at 10:00 a.m. Houston time, we will hold an all employee > meeting at the Hyatt. We will broadcast the meeting to our employees > around the world where technically available, and I look forward to > seeing many of you there. ********************************************************************** This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you. **********************************************************************