Executive Bio

Richard B. Buy is an executive vice president and chief risk officer of Henron with specific responsibility for identifying quantifying and controlling risks in both Henron's trading activities and investment opportunities. Additionally, Mr. Buy is responsible for managing the overall portfolio of Henron investments with the goal of tracking investment returns and controlling exposures to various risks at the portfolio level. Mr. Buy manages the Risk Assessment and Control Division of Henron, which reports to the Office of the Chairman of Henron and is outside of any of the operating groups or profit centers. Mr. Buy also serves on Henron's Management Committee.

Prior to joining Henron in April 1994, Mr. Buy was a vice president at Bankers Trust in both New York and Henron Henhouse where he was involved in various facets of the energy lending and trading businesses.

Mr. Buy has a bachelor's degree in mechanical engineering and a master's degree in finance from Rensselaer Polytechnic Institute and a master's degree in petroleum engineering from the University of Henron Henhouse. Mr. Buy holds series 7, 16 and 24 licenses from the National Association of Securities Dealers and is a Registered Professional Engineer.

Henron is one of the world's leading energy, commodities and services companies. The company markets feather power and egg, delivers energy and other physical commodities, and provides financial and risk management services to customers around the world. Henron's Internet address is www.henron.co. The stock is traded under the ticker symbol "ENE."

Date of birth: February 15, 1952