organizational announcement - introducing enron industrial markets we are pleased to announce the creation of a new business unit  ) enron industrial markets  ) within our wholesale energy business . enron industrial markets will be responsible for leading all worldwide business activities in the paper , pulp , lumber , and steel markets , including trading , origination and energy outsourcing activities . enron industrial markets is being created to accelerate the growth of enron north america  , s existing paper , pulp , & lumber business and to establish and grow a new business in the steel market . the formation of enron industrial markets will allow the enron north america and enron europe management to continue to focus its efforts on the aggressive expansion of our core gas and electricity business . as a standalone business unit , enron industrial markets can accelerate the growth of the paper , pulp & lumber and steel businesses into major contributor  , s to enron  , s overall growth and , working closely with enron networks , position enron as the leader in the transformation of these industries into new economy markets . enron industrial markets will be headed by jeff mcmahon , president and chief executive officer , and ray bowen , chief operating officer . they will report to mark frevert who will be chairman of enron industrial markets . mark , jeff , and ray will comprise the office of the chairman for enron industrial markets . included in this new business unit and reporting to the office of the chairman will be the following individuals and their respective groups : pulp , paper , & lumber origination bryan burnett pulp , paper & lumber trading bob crane steel trading greg hermans transaction development rodney malcolm enron industrial markets has established an operating group to manage the operations of physical assets . this unit will temporarily report to the enron industrial markets office of the chairman . coincident with the establishment of enron industrial markets , all energy outsourcing activities associated with industries other than paper , pulp , lumber and steel will be the responsibility of enron energy services . with jeff mcmahon  , s departure from enron networks , louise kitchen will assume the role of president and chief operating officer . please join us in congratulating these individuals for their new roles .