Subject: organization announcement
given the growth in ees it has become apparent that it is time to consolidate the risk functions between ees and ews . this will provide ees with the systems , resources and risk expertise of the wholesale energy groups necessary for it to continue to grow and take advantage of current market opportunities .
with this in mind and in agreement with the management of ees , two new risk groups inside enron americas will be formed to provide ees with pricing , structuring , retail and wholesale commodity risk management , logistics and back - office services . these groups main function is to provide these services to ees . we have asked rogers herndon , currently vice president - trading in the eastern power group to manage this function in the eastern interconnect ( this includes both gas and power ) . rogers will continue to report to kevin presto . we have asked don black , formerly vice president - ees risk management and sourcing , to manage this function in the western u . s . don will manage this group from houston and will report to tim belden .
these groups will work very closely with ees to pursue shared goals while ensuring close coordination with the wholesale gas and power trading organizations .
these changes are effective immediately . please congratulate rogers and don on their new roles .
john lavorato & louise kitchen