Enron Promotes Whalley to President, Frevert to Vice President

August 28, 2001 by Jeff Shepard

Enron Corp. (Houston, TX) promoted two veteran leaders of its core wholesale business to fill out its top executive team, two weeks after the surprise departure of one of the energy powerhouse's chief architects. Enron named Greg Whalley as president and COO, and Mark Frevert, Whalley's boss at Enron Wholesale Services, as vice chairman.

Jeffrey Skilling resigned as Enron CEO and president on August 14, 2001, and Chairman Kenneth Lay took over those posts. Lay had been president and CEO for 15 years before Skilling took over in February. Both Whalley and Frevert will join Lay in the office of the chairman, which oversees all top-level decisions for Enron.

"They both have had extensive experience in virtually all of our businesses. They have each developed and grown very significant new businesses for the company," Lay commented.