Message-ID: <27300497.1075844190025.JavaMail.evans@thyme>
Date: Wed, 23 Aug 2000 09:16:00 -0700 (PDT)
From: office.chairman@enron.com
To: all.worldwide@enron.com
Subject: Organizational Announcement - Introducing Enron Industrial Markets
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968
Content-Transfer-Encoding: quoted-printable
X-From: Office of the Chairman
X-To: All Enron Worldwide
X-cc: 
X-bcc: 
X-Folder: \Richard_Shapiro_June2001\Notes Folders\All documents
X-Origin: SHAPIRO-R
X-FileName: rshapiro.nsf

We are pleased to announce the creation of a new business unit =01) Enron=
=20
Industrial Markets =01) within our Wholesale Energy business.  Enron Indust=
rial=20
Markets will be responsible for leading all worldwide business activities i=
n=20
the Paper, Pulp, Lumber, and Steel markets, including trading, origination=
=20
and energy outsourcing activities.

Enron Industrial Markets is being created to accelerate the growth of Enron=
=20
North America=01,s  existing Paper, Pulp, & Lumber business and to establis=
h and=20
grow a new business in the Steel market.  The formation of Enron Industrial=
=20
Markets will allow the Enron North America and Enron Europe management to=
=20
continue to focus its efforts on the aggressive expansion of our core gas a=
nd=20
electricity business.  As a standalone business unit, Enron Industrial=20
Markets can accelerate the growth of the Paper, Pulp & Lumber and Steel=20
businesses into major contributor=01,s to Enron=01,s overall growth and, wo=
rking=20
closely with Enron NetWorks, position Enron as the leader in the=20
transformation of these industries into new economy markets. =20

Enron Industrial Markets will be headed by Jeff McMahon, President and Chie=
f=20
Executive Officer, and Ray Bowen, Chief Operating Officer.  They will repor=
t=20
to Mark Frevert who will be Chairman of Enron Industrial Markets.  Mark,=20
Jeff, and Ray will comprise the Office of the Chairman for Enron Industrial=
=20
Markets.

Included in this new business unit and reporting to the Office of the=20
Chairman will be the following individuals and their respective groups:

Pulp, Paper, & Lumber Origination   Bryan Burnett
Pulp, Paper & Lumber Trading    Bob Crane
Steel Trading      Greg Hermans
Transaction Development    Rodney Malcolm

Enron Industrial Markets has established an operating group to manage the=
=20
operations of physical assets.  This unit will temporarily report to the=20
Enron Industrial Markets Office of the Chairman.

Coincident with the establishment of Enron Industrial Markets, all energy=
=20
outsourcing activities associated with industries other than paper, pulp,=
=20
lumber and steel will be the responsibility of Enron Energy Services.

With Jeff McMahon=01,s departure from Enron NetWorks, Louise Kitchen will a=
ssume=20
the role of President and Chief Operating Officer.

Please join us in congratulating these individuals for their new roles.