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Enron Mail |
Given the evolution of a number of our businesses, we have decided to make =
an=20 organizational change. The change is in response to a number of factors. = =20 First, as a part of our new initiative in Enron Net Works, it is becoming= =20 clear that we have the opportunity to quickly expand Enron=01,s underlying= =20 business model to other commodity markets. Such an expansion requires a=20 coordinated focus on strategy as we select and develop these opportunities.= =20 Second, the success of EnronOnline and the continued expansion of our=20 wholesale activities in North America and Europe have increased the=20 coordination requirements across our North American and European operations= . =20 As a result of these two factors, we are making the following organizationa= l=20 changes effective immediately: Cliff Baxter will move from Enron North America to Enron Corp. as Executive= =20 Vice President and Chief Strategy Officer. Mark Frevert will become Chairman and CEO of North America, replacing Cliff= . =20 In addition, Mark will remain Chairman of Enron Europe.=20 John Sherriff will become President and CEO of Enron Europe. We are confident that these changes will increase the effectiveness of our= =20 organization. Please join us in congratulating Cliff, Mark and John on the= ir=20 new responsibilities.
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