Enron Taps Wholesale Execs To Help Lay With Strategy

Enron Corp. promoted two of the Houston company’s wholesale services veterans to join CEO Kenneth L. Lay in the Office of the Chairman, which sets company strategy. Greg Whalley, 39, and Mark Frevert, 46, moved to the top floor on Tuesday. Whalley, who assumes the president and COO spot, had been president and COO of Enron Wholesale Services, while Frevert, now vice chairman, had been chairman and CEO of that division. Enron Wholesale accounted for the bulk of the company’s second quarter revenue this year. All three, said Lay, will help guide the company.

August 29, 2001

Skilling Resigns From Enron; Lay Back as CEO

Enron Corp. said its board has accepted the resignation of Jeffrey K. Skilling, CEO and president. Kenneth L. Lay, currently chairman, will assume the additional responsibilities of president and resume his function as CEO. He has agreed to extend his employment agreement with the company through the end of 2005 to ensure a smooth transition. Skilling will continue to serve as a consultant to Enron and its board.

August 16, 2001


The City of Los Angeles Department of Water and Power (DWP) reported on Wednesday that Kenneth T. Lombard has been re-elected president of the Los Angeles Board of Water and Power Commissioners. He begins his fourth year on the commission and his second term as president.

July 19, 2001

Enron’s Lay: Power Market Rules ‘Aren’t Right’

Enron Chairman and CEO Kenneth L. Lay got in a few shots at theelectric industry in general, and the California marketspecifically, during a conference earlier this week that was calledto address spiraling winter gas prices.

September 22, 2000


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.

July 2, 1999

Deregulation, Technology Push Gas Demand

In the view of Enron CEO Kenneth L. Lay, deregulation andtechnological advances will be a boon to consumers and also naturalgas. As completion creates greater incentives for boostingefficiency, particularly with regard to power regulation, naturalgas stands to benefit. Lay pointed out combined-cycle generation,especially that fired by natural gas, accounts for 60% of total newinstalled generation capacity in the United States since 1991.

September 16, 1998
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