El Paso Corp. (ticker: EP, exchange: New York Stock Exchange (.N))
News Release -
5-Jan-1998
El Paso Energy International Announces Changes to Management TeamHouston, Texas, January 5, 1998-El Paso Energy International Company has named
two new members to its executive management team.
Wayne B. Allred has been promoted to senior vice president and chief financial officer
of El Paso Energy International, reporting to John D. Hushon, president of
El Paso Energy International. Mr. Allred, 49, has served as vice president and
treasurer of El Paso Energy Corporation since the acquisition of Tenneco Energy in
December 1996. Prior to the acquisition, he was vice president and controller of Tenneco
Energy. Allred has been with the company since 1993 and has held various financial
positions in the energy industry during the past 20 years. He is a certified public
accountant and earned a bachelors degree in Accounting and Business Administration from
Weber State University.
Jeffrey J. Ellena has been promoted to vice president and controller of El Paso
Energy International, reporting to Mr. Allred. Mr. Ellena, 37, has been with the company
since 1995 and has been controller of El Paso Energy International since 1996. Prior
to that, he was director of international transactions and finance at Tenneco Energy. He
is a certified public accountant and earned a degree in Accounting from Juniata College in
Pennsylvania.
El Paso Energy Corporation provides total energy solutions through five business
units: El Paso Natural Gas Company, Tennessee Gas Pipeline Company, El Paso
Field Services Company, El Paso Energy Marketing Company and El Paso
International Company. With offices worldwide, the company has operations in interstate
natural gas transmission, gas gathering and processing, energy marketing and international
infrastructure development.
This release includes forward-looking statements and projections, made in
reliance on the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. The companies have made every reasonable effort to ensure that the information and
assumptions on which these statements and projections are based are current, reasonable,
and complete. However, a variety of factors could cause actual results to differ
materially from the projections, anticipated results or other expectations expressed in
this release. While the companies make these statements and projections in good faith,
neither the companies nor their managements can guarantee that the anticipated future
results will be achieved. Reference should be made to the companies' (and their
affiliates') Securities and Exchange Commission filings for additional important
factors that may affect actual results. |