ENRON CORP. NAMED A RESTRUCTURING SPECIALIST AS INTERIM CHIEF EXECUTIV...

World | January 30, 2002, Wednesday // 00:00

Enron Corp. named a restructuring specialist as interim chief executive on Tuesday who vowed to revive the fallen energy trading giant even though analysts say it is likely to be liquidated. Stephen Cooper, managing principal of New York-based restructuring firm Zolfo Cooper, was tapped to replace embattled Enron Chairman and Chief Executive Kenneth Lay, who resigned last week under pressure from the creditors' committee of bankrupt Enron. "With more than 19,000 employees worldwide, Enron has real businesses with real value," Cooper said in a statement, saying he would focus on building value for Enron stakeholders.

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