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Enron Mail |
Louise, Did you know that you had two children???? -Dan -----Original Message----- From: djcustomclips@djinteractive.com [mailto:djcustomclips@djinteractive.com] Sent: Friday, December 07, 2001 8:40 AM To: 303435@mailman.enron.com Subject: EnronOnline: Briton who took trading online Business Briton who took trading online Rupert Steiner 12/02/2001 Sunday Times - London Final 1 5 (Copyright Times Newspapers Ltd, 2001) ENRON'S fastest-rising star was a British mother-of-two. Anonymous in the UK, Louise Kitchen, the 32-year-old former Powergen manager, made her name with the audacious manner in which she set up the power company's online trading arm, writes Rupert Steiner. It paid off and her story is used as a case study in management schools throughout America. In just seven months, Kitchen, president and chief operating officer of EnronOnline, enabled the web-based trading of natural gas in North America after developing the idea and progressing it to days before launch without seeking board approval. She joined the company in London in the spring of 1994 and was responsible for building its natural gas trading business in Europe. A self-confessed loudmouth, she established a reputation for being larger than life. She is certainly no shrinking violet - her colleagues describe her as blunt, pushy and inspiring. Her career took off one April morning in 1999. She was in a taxi on her way to Heathrow airport, bound for a large gas-processing plant in Teesside. John Sherriff, managing director of Enron Europe, and Greg Whalley, Enron's chief gas trader in Houston, called and asked if she would prepare some research on trading gas contracts online. She spotted the opportunity and set out to do more than just review Enron's options for online trading. She enlisted the support of Enron's sceptical top traders and scoured the company for software developers and other experts. Her volunteers worked nights and weekends while carrying on with their regular jobs. Kitchen did not attempt to get corporate approval or seek permission to change the way the company traded, she simply presented the project as a fait accompli a few weeks before it went live. It was a huge risk but one which was credited with the remaking of the company. By mid-summer 2000 it had revolutionised the energy- trading business, notching up more than $1 billion in average daily trading transactions and lifting Enron's sales by 75% in the second quarter. It raised Enron's market value by billions of dollars. She has been promoted seven times in five years and is listed in Fortune league table of the world's most powerful women. Her future now looks uncertain. Folder Name: EnronOnline Relevance Score on Scale of 100: 83 ______________________________________________________________________ To review or revise your folder, visit http://www.djinteractive.com or contact Dow Jones Customer Service by e-mail at custom.news@bis.dowjones.com or by phone at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511 or contact your local sales representative.) ______________________________________________________________________ Copyright © 2001 Dow Jones & Company, Inc. All Rights Reserved
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