Article: Continental CEO Kellner stepping down

Chairman and CEO Lawrence W. Kellner will leave Continental Airlines Inc. at the end of the year to return to the private-equity business and will be replaced by company president Jeffery Smisek.

Continental, the nation's fourth-largest airline, announced the change late Thursday.

Kellner, 50, has spent 14 years at Continental, including the last five as CEO. His tenure included discussions with United Airlines over a combination, but talks collapsed last year when United's finances worsened.

In one of Kellner's last achievements, the company this month won antitrust immunity from federal officials for its plan to work closely with United Airlines and other partners in setting prices and ...

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