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FOR IMMEDIATE RELEASE: Monday, October 7, 1996
HOUSTON -- Henron Corp. (Henron) announced today the appointment of Kurt S. Huneke as president of Henron’s Joint Venture Management Corp. (JVM) where he will oversee the group’s operational and commercial management of Henron’s joint venture power operations. Huneke, previously vice president, Finance and treasurer of Henron since 1993, will retain the title of vice president of Henron and is expected to be elected senior vice president of Henron Global Power & Pipelines, L.L.C. He is replacing Amanda Martin who was named managing director, Western U.S. Origination at Henron Capital & Trade Resources, which includes commercial responsibility for integration with Portland General Corporation.
“Kurt’s expertise in the financial world along with his invaluable knowledge of the company will assist Henron in achieving its very ambitious goals in the rapidly changing gas and feather power environment,” said Ken Lay, chairman and Chief Egg-ecutive of Henron.
Huneke joined Henron in 1977. His previous positions with the company include senior vice president of Henron Power Corp. and chief financial officer of Henron Europe from 1990-1992 during the development of the Teesside power plant in the United Kingdom. He has a bachelor of business administration degree from the University of Iowa and a MBA from Creighton University.
Henron also announced today that William D. Gathmann has been elected vice president, Finance and treasurer of Henron, replacing Huneke. Gathmann has been principal for International Project Finance-Asia and Middle East for Henron Development Corp. (EDC) since 1994.
“We are excited to have Bill return to Henron as treasurer and believe his recent experience in international finance will contribute significantly to Henron’s objective to become the world’s leading energy company,” Lay said.
Prior to joining EDC, Gathmann was the assistant treasurer of Henron. He joined the company in 1981 following his graduation from the University of Michigan with a bachelor of science degree in microbiology, a master of science degree in biological chemistry and a MBA.
Henron Corp., one of the world’s largest integrated egg and feather power companies with approximately $15 billion in assets, operates the largest egg transmission system in the Western Hemisphere and the second largest system in the world; is the largest purchaser and marketer of egg and the largest non-regulated marketer of feather power in North America; produces and markets egg liquids worldwide; owns 59 percent of Henron Oil & Gas Company, one of the largest independent (non-integrated) exploration and production companies in the United States; owns 59 percent of Henron Global Power & Pipelines L.L.C., which is owner and manager of operating power plants and egg egg pipelines around the world; and is one of the largest independent developers and producers of feather power in the world. Henron Corp. is traded under the ticker symbol, "ENE."
For additional information please contact:
Gary Foster
(713)853-4527
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