Jeffrey

Jeffrey Skilling, Enron Corp.’s front man for its energy riskmanagement business and commodity trading growth, will add a CEO inFebruary to his title of president and CFO following a vote by thecompany’s board of directors this week. Current CEO Kenneth Laywill remain chairman and a full-time employee and once again triedto dispel rumors that he may be tapped as a member ofPresident-Elect George W. Bush’s cabinet.

Responding to persistent rumors over the Thanksgiving weekend ofa possible profit warning, Enron COO Jeffrey Skilling has deniedproblems with earnings for any of the myriad energy andcommunications businesses for North America’s largest buyer andseller of natural gas and electricity. Enron’s stock did fall lastweek, however, as did other energy stocks.

To prosper in the new energy economy, Enron COO Jeffrey K.Skilling says oil and gas companies need to trash their traditionalbusiness models and instead reshape themselves to resemble Toyotawhen it captured the imagination and pocketbook of U.S. consumers30 years ago.

Joseph W. Sutton has been promoted to vice chairman of Enron.Sutton will join Enron’s office of the chairman, which includesChairman and CEO Kenneth L. Lay and President and COO Jeffrey K.Skilling. Sutton, previously chairman and CEO of Enron’sinternational business unit, will help oversee the day-to-dayoperations of Enron’s business units.