He replaces current CFO Jeff McMahon who has been promoted to president and chief operation officer after incumbent finance chief Lawrence Whalley stepped down.
The appointment of Bowen comes as the Energy group named restructuring specialist Stephen Cooper, from the US restructuring firm Zolfo Cooper, as interim chief executive to try and lead it out of the US’s largest ever bankruptcy.
The appointment of Cooper is ironic for embattled auditors Andersen. Cooper was part of the team that restructured embattled appliance maker Sunbeam which received a £76m payout from the firm in May of last year in settling a fraud lawsuit.
In a statement, Enron said Cooper and his team would ‘begin working immediately with Enron’s current management and its creditors committee on the company’s continuing efforts to reorganise and emerge from bankruptcy’.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies