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IN BRIEF / AIRLINES

Continental Airlines' CEO to Retire

January 17, 2004|From Bloomberg News

Continental Airlines Inc. said Chairman and Chief Executive Gordon Bethune, 62, who restored profit at the fifth-largest U.S. carrier, would retire Dec. 31. President and Chief Operating Officer Larry Kellner will succeed him.

Continental also said David Bonderman would quit as a director.

Bonderman has faced union criticism for staying on the board after selling his Continental stake while retaining a stake in America West Holdings Corp., parent of rival America West Airlines.

Continental shares rose 45 cents to $17.45 on the New York Stock Exchange.

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