Background Of Resigned Enron CEO Kenneth Lay
NAME: Kenneth L. Lay
BIRTH DATE: April 15, 1942.
EDUCATION: Bachelor's and master's degree, University of Missouri; Ph.D. in economics, University of Houston.
EXPERIENCE: Worked as economist at Exxon beginning in 1965. Later served as president of Continental Resources Company. Became chairman and chief executive of Houston Natural Gas, 1984. Was named chairman and CEO of Enron Corp. in 1986 following the merger of Houston Natural Gas and InterNorth Inc. Lay was CEO until he resigned that position in Feb. 2001 but continued as chairman. Jeffrey Skilling took the position of CEO on Feb. 12, 2001. When Skillling resigned in August 2001, Lay reassumed the position until resigning as CEO and chairman amid scandal on Jan. 23, 2002.
FAMILY: Wife, Linda; five children, six grandchildren
QUOTE: "I want to see Enron survive, and for that to happen we need someone at the helm who can focus 100 percent of his efforts on reorganizing the company and preserving value for our creditors and hard-working employees."
BIRTH DATE: April 15, 1942. EDUCATION: Bachelor's and master's degree, University of Missouri; Ph.D. in economics, University of Houston.
EXPERIENCE: Worked as economist at Exxon beginning in 1965. Later served as president of Continental Resources Company. Became chairman and chief executive of Houston Natural Gas, 1984. Was named chairman and CEO of Enron Corp. in 1986 following the merger of Houston Natural Gas and InterNorth Inc. Lay was CEO until he resigned that position in Feb. 2001 but continued as chairman. Jeffrey Skilling took the position of CEO on Feb. 12, 2001. When Skillling resigned in August 2001, Lay reassumed the position until resigning as CEO and chairman amid scandal on Jan. 23, 2002.
FAMILY: Wife, Linda; five children, six grandchildren
QUOTE: "I want to see Enron survive, and for that to happen we need someone at the helm who can focus 100 percent of his efforts on reorganizing the company and preserving value for our creditors and hard-working employees."
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