Appointment of Chief Operating Officer, Energy Management Division

Appointment of Chief Operating Officer, Energy Management Division Invensys, a global leader in the management of production and energy resources, today announces the appointment of Dan Leff to lead its Energy Management Division. Dan, 42, joins Invensys from a position as Chairman and CEO of the Energy Services Division of Enron Corporation. He was appointed to this role in late December 2001 following the company's filing for chapter 11 bankruptcy. In March 2002, Dan was asked to join the new senior management team of Enron and assume responsibility for maximising the value of the creditors' and stakeholders' holdings and assets across Enron's global wholesale and retail energy businesses. From February 2001 through to December 2001 Dan was Chief Operating Officer of the Enron Energy Services division, leading businesses covering energy demand, engineering, construction, operations, maintenance, and facilities management services for the energy and Heating, Ventilation and Air Conditioning (HVAC) sectors of commercial and industrial properties throughout the US and Europe. Between 1992 and 1997 Dan founded, built and operated his own company, FMES Inc. This became a successful large-scale energy services company addressing commercial and industrial customers in the US. It was preparing for a public offering or private investment to finance its growth strategy in 1997 when Dan was approached by Enron to sell his business and join Enron Energy Services. Prior to that he was President and CEO at Pilot Energy Corporation. He began his career at United Technologies Carrier Corporation in a number of US and international postings. CEO, Rick Haythornthwaite said: "Dan Leff was the outstanding candidate for this role. His entire career has focused on the provision and management of energy services for commercial and industrial users and is perfectly matched to our vision. "The knowledge Dan brings of large-scale energy solutions and infrastructural management more than qualifies him to lead our Energy Management Division. At the same time, his experience of the evolving US and European energy markets will deepen our understanding of the growth opportunities in this relatively young industry. "In the aftermath of the Enron collapse, we should not lose sight of the fact that the company contained many good people and real businesses. We are very pleased to have attracted Dan." Invensys' Energy Management Division, created as part of the Group's recent strategy review, focuses on markets connected with power and energy infrastructure for industrial, commercial and residential buildings. The Division works with customers involved in the supply, measurement and consumption of energy to help them control costs and comply with increasing environmental requirements. Contact: Julie Weldon Tel: +44 (0) 20 7821 3767 Invensys Pascale Krzywicki Tel: +44 (0) 20 7344 1314 Edelman Public Relations Notes: Invensys plc, the international production technology and energy management group, specialises in helping companies to improve efficiency, performance and profitability. Invensys is headquartered in London, England. Our Production Management businesses work closely with customers in order to drive up performance of their production assets and maximise the return on investments in product technologies. The division includes Foxboro, Wonderware, Triconex, APV, Eurotherm and Baan and it addresses the oil, gas and chemicals; food beverage and personal healthcare; and discrete and hybrid manufacturing sectors. Our Energy Management businesses actively work with clients involved in both the supply and consumption of energy, developing systems using innovative technologies that improve the reliability and security of power supplies. The division includes Energy Solutions, Metering Systems, Appliance, Home and Climate Controls and Power Systems and focuses on markets connected with power and energy infrastructure for industrial, commercial and residential buildings ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/05/10/20020510BIT00200/wkr0001.doc http://www.waymaker.net/bitonline/2002/05/10/20020510BIT00200/wkr0002.pdf