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Enron Mail |
Jim, Diomedes, this looks good. Thanks, Joe
James M Bannantine 02/09/2000 09:37 AM Sent by: Marcia Manarin To: Kenneth Lay@ENRON, Jeff Skilling@ENRON, Joseph W Sutton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff Baxter@ECT, Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rick Buy@ECT, Diomedes Christodoulou/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James V Derrick@ENRON, Andrew S Fastow@ECT, Peggy Fowler@ENRON, Mark Frevert@ECT, Kevin P Hannon@ECT, Ken Harrison@ENRON, David Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joe Hirko@ENRON COMMUNICATIONS, Stanley Horton@ENRON, Kurt S Huneke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Larry L Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J Kean@EES, Mark Koenig@ENRON, Rebecca P Mark@AZURIX, Mike McConnell/HOU/ECT@ECT, Rebecca McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeffrey McMahon@ECT, Lou L Pai@EES, Mark Papasergia@ENRON, John Sherriff@ECT, Greg Whalley@ECT, Tom White@Enron Communications, krice@ect.enron.com, Cindy Olson@ENRON, Kelly Kimberly/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bob Hall@Enron cc: Subject: ESA ORGANIZATIONAL ANNOUNCEMENT Interoffice Memorandum To: All ESA Employees From: James Bannantine Diomedes Christodoulou Subject: ESA ORGANIZATIONAL ANNOUNCEMENT Date: January 24, 2000 1999 was a great year for Enron South America. In addition to consolidating our unique position in the region and despite the economic upheaval from the currency devaluation in Brazil, we were able to generate significant net income and position ESA as an important business unit for Enron. Moreover, 1999 was a great year for Enron as a whole. The success of the strategy to rely increasingly on intellectual capital is reflected in the recent rise in our stock price. To keep the momentum going in our region we must now steer the business toward the creation of a regional merchant platform. To facilitate this goal we have decided to reorganize by customer type. Below are the highlights of the new structure, which will consist of five major P/L centers: The Wholesale Merchant Unit will be responsible for gas and power marketing and supply at the wholesale level. This team will also handle asset development projects, financial products and all other deals involving wholesale suppliers and customers. Brett Wiggs will lead the Wholesale Merchant Unit. The Direct Sales Unit will focus on developing the industrial market. A key objective will be to expand our role from that of an energy supplier at the user gate to a broader role inside the fence and become a total energy manager for the industrial customer through outsourcing with Enron. Don Black will lead the Direct Sales effort. Our asset platform will be reorganized into three major units to include: (a) Generation and Pipeline Assets, to be led by Peter Weidler; (b) Gas Distribution Assets, which will continue to manage all our gas distribution companies, to be led by Rick Waddell, and © Electricity Distribution Assets (Elektro), which will continue to be operated under the leadership of Orlando Gonzalez. All our assets will be organized internally to reflect our merchant strategy. In addition, we will continue to have the existing support functions with some minor modifications. The M&A function will be expanded to include capital management of our assets and will become part of the Regional Finance Unit headed by Joe Kishkill. The Regional Finance Unit will also include funding, accounting, treasury, information systems and communications. The Risk Management function will also be expanded and will include structuring, modeling and pricing. This function will support the activities of all the P/L centers. We are currently actively recruiting internally for this position. Legal, Regulatory and Government Affairs, and Human Resources/Administration will continue to be under the leadership of Randy Young, Jos, Bestard and Miguel Padron respectively. We are also actively recruiting for the head of Public Relations for the region. The Executive Committee of ESA will be represented by all the above mentioned individuals. A copy of the organizational chart reflecting these changes is included. Further communications will be sent to all ESA employees as we complete the organizational process.
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