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Enron Mail |
As promised...
If more coverage surfaces, I'll send it along. d.s. ---------------------- Forwarded by Dave Schafer/OTS/Enron on 06/27/2000 06:41 AM --------------------------- Jason Hannagan 06/26/2000 04:55 PM To: Stanley Horton/Corp/Enron@Enron, Dave Schafer/OTS/Enron@ENRON, Gina Taylor/OTS/Enron@Enron, Scott Vonderheide/Corp/Enron@ENRON, Dana.Gibbs@eott.com/Mary.Ellen.Coombe@eott.com cc: Subject: The EOTT articles in the Press Below is the coverage on the Mike Burke June 23 release. The Houston Chronicle article for Sat. June 24 is below along with a couple of AP online sources. Jason Hannagan Paper: Houston Chronicle Headline: CEO at pipeline operator leaveshis post abruptly DOCID: 35830 Date: 06/24/00 Section: BUSINESS Page: 2 Edition: 3 STAR Byline: MICHAEL DAVIS Credit: Staff Length: 4 Keys: Resignations Proc: edtcmc Slug: eott Michael Burke resigned abruptly Friday from the chief executive's post at crude oil pipeline operator EOTT Energy Partners. The Houston company said its board of directors had accepted the resignation of Burke, "effective immediately." Burke, 56, is leaving the company "to focus on emerging investment and business opportunities," the company said in a written statement. The partnership has lost money the last three years in a row but it was profitable in the first quarter of this year with a net income of $2.2 million. Burke's resignation came just days after the pipeline partnership revised its first-quarter net income upward by $100,000. The revisions were made as a result of a review of the company's computerized marketing and accounting system, the company said. In a filing with the Securities and Exchange Commission, the company said the computer problems resulted in "unexplained variances in financial results reported by the system." Stanley Horton, chairman of EOTT , will assume the duties of chief executive officer. Dana Gibbs, currently executive vice president and chief commercial officer, will become president and chief operating officer of EOTT . Horton and Gibbs will comprise the office of the chairman for EOTT . Previous Next Return to Hitlist Return to Search Screen Change Document Display (Next article from Reuters) EOTT Energy CEO Burke resigns Reuters Company News - June 23, 2000 16:37 Copyright 2000 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. NEW YORK, June 23 (Reuters) - EOTT Energy Partners LP said on Friday that Michael Burke has resigned as chief executive officer, effective immediately. The Houston-based independent energy company said that Stanley Horton, chairman of EOTT, will assume the duties of chief executive and will remain chairman and CEO for the Enron Gas Pipeline Group. Dana Gibbs, currently executive vice president and chief commercial officer, will become president and chief operating officer of EOTT, the company said. Horton and Gibbs will comprise the Office of the Chairman for EOTT. Shares of EOTT ended the day flat at 14-1/16 on the New York Stock Exchange. ------------------------------------------------------------------------------ -- (The last article from Hoover's online) EOTT Energy Partners, L.P. Announces Management Changes PR Newswire - June 23, 2000 17:23 Jump to first matched term HOUSTON, June 23 /PRNewswire/ -- The EOTT Energy Partners, L.P. (NYSE: EOT) (EOTT) Board of Directors announced today that it has accepted the resignation of Michael D. Burke, effective immediately. Mr. Burke is leaving the company to focus on emerging investment and business opportunities. Stanley C. Horton, chairman of EOTT, will assume the duties of chief executive officer. Mr. Horton will remain chairman and chief executive officer for the Enron Gas Pipeline Group. Dana R. Gibbs, currently executive vice president and chief commercial officer, will become president and chief operating officer of EOTT. Horton and Gibbs will comprise the Office of the Chairman for EOTT. EOTT Energy Partners, L.P. is a major independent marketer of crude oil in the United States and Canada. Together with its predecessors, the Partnership has been serving the petroleum industry since 1946. Both EOTT Energy Partners, L.P. and EOTT Energy Corp., the general partner, are headquartered in Houston, Texas. The common units of EOTT Energy Partners, L.P. trade on the NYSE under the symbol "EOT". Contact: Gina Taylor (713) 853-7681 SOURCE EOTT Energy Partners, L.P. /CONTACT: Gina Taylor of EOTT Energy Partners, L.P., 713-853-7681/ /Company News On-Call: http://www.prnewswire.com/comp/118371.html or fax,
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