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After becoming the newly created top executive, Lay later became chairman of the board
and in 1989 hired Jeffrey Skilling as Chief Executive Officer. This move helped Enron launches its Gas Bank, a program under which buyers of natural gas can lock in long-term supplies at fixed prices. The company also begins to offer financing for oil and gas producers. Approximately three years later Enron acquires Transportadora de Gas del Sur, Enron's first pipeline presence in South America and the start of a push to expand on the continent. Moving into 96-97 Enron underwent some drastic change Skilling is elected president and chief operating officer and will continue in his role as chairman and CEO of Enron Capital & Trade Resources...
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