JOSEPH W. SUTTON TO LEAVE ENRON
FOR IMMEDIATE RELEASE: Tuesday, October 24, 2000
HOUSTON -- Enron announced today that Joseph W. Sutton, vice chairman, has notified the company that he will be leaving effective Nov. 1, 2000. Sutton joined Enron in 1992 and held a variety of leadership positions in Enron’s international businesses. He was promoted to vice chairman in 1999.
“Enron is a great company, and I have enjoyed working with our outstanding employees over the last eight years,” said Sutton. “As Enron’s focus has shifted away from the international asset development business, I have decided to pursue opportunities where I can make greater use of my skills and experience in the development and operation of energy assets.”
“Joe has been instrumental in making Enron a successful global company. We will miss him, and we wish him the very best as he pursues new endeavors,” said Kenneth Lay, chairman and CEO of Enron Corp.
Enron is one of the world’s leading electricity, natural gas and communications companies. The company, with revenues of $40 billion in 1999 and $60 billion for the first nine months of 2000, markets electricity and natural gas, delivers physical commodities and financial and risk management services to customers around the world, and is developing an intelligent network platform to facilitate online business. Fortune magazine has named Enron “America’s Most Innovative Company” for five consecutive years, the top company for “Quality of Management” and the second best company for “Employee Talent.” In addition, Enron ranks in the top quarter of Fortune's "Best 100 Companies to Work For in America.” Enron’s Internet address is www.enron.com. The stock is traded under the ticker symbol “ENE.”
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Mark Palmer
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