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ENRON PROMOTES JOSEPH SUTTON TO VICE CHAIRMAN
FOR IMMEDIATE RELEASE: Thursday, July 01, 1999
HOUSTON - Enron announced today that Joseph W. Sutton has been promoted to vice chairman of the company. Sutton will join Enron’s office of the chairman, which includes Chairman and CEO Kenneth L. Lay and President and COO Jeffrey K. Skilling. Sutton, previously chairman and CEO of Enron’s international business unit, will help oversee the day-to-day operations of Enron’s business units.
“Joe has done a tremendous job developing our international business,” said Skilling. “His promotion will facilitate the transfer of Enron’s knowledge and skills across our energy and communications networks.”
In related moves, Enron announced that Rebecca P. Mark, currently chairman and CEO of Azurix and formerly vice chairman of Enron, has been elected to Enron’s Board of Directors. Mark will focus on leading Azurix, a global water company in which Enron holds a substantial interest. Also, Ken Harrison, formerly vice chairman of Enron, will focus on his joint responsibilities as chairman and CEO of Portland General Electric, Enron’s electric utility subsidiary, and as non-executive chairman of Enron’s growing communications business. Harrison will continue to serve on Enron’s Board of Directors.
“Rebecca and Ken have been very instrumental in building Enron’s energy and communications networks. These moves will allow each of them to fully concentrate on their respective businesses,” said Lay.
Sutton, a native of Pennsylvania, holds a bachelor’s degree in business from Ohio University and master’s degrees from Indiana and Long Island Universities. He joined Enron in 1992 and was named chairman and CEO of Enron International in March 1999.
Mark, a native of Missouri, holds a bachelor’s degree in psychology and a master’s degree in international management from Baylor University. In addition, Mark earned an MBA with distinction from Harvard University. She joined Enron in 1982 and led the successful IPO of Azurix in June 1999.
Harrison, a native of Texas, holds a bachelor’s degree in general science and a master’s degree in psychology and sociology from Oregon State University. He joined Portland General Electric in 1975 and became its chairman and CEO in 1988.
Enron is one of the world's leading electricity, natural gas, and communications companies. The company, which owns approximately $30 billion in energy and communications assets, produces electricity and natural gas, develops, constructs and operates energy facilities worldwide, delivers physical commodities and risk management and financial services to customers around the world, and is developing an Internet–based communications network. Enron's Internet address is www.enron.com, and the stock is traded under the ticker symbol, "ENE."
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For additional information please contact:
Mark A. Palmer
(713) 853-4738
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