HOUSTON, May 13 /PRNewswire-FirstCall/ -- Continental Airlines (NYSE: CAL)
announced today that its executive vice president and chief financial officer,
Jeff Misner, has informed the company that he has decided to retire effective
Aug. 31, 2008, following his 55th birthday.
"Jeff has made great contributions to Continental during his 13 year
tenure," said Larry Kellner, Continental's chairman and chief executive
officer. "He has been a valued and trusted member of our senior management
team, and everyone will miss him. We wish him well in his retirement."
Misner has served as Continental's chief financial officer since 2001. He
joined the company in 1995 as vice president of treasury operations and was
promoted to vice president and treasurer in 2000.
Zane Rowe, 37, Continental's senior vice president for network strategy,
will succeed Misner as executive vice president and chief financial officer
upon Misner's retirement.
"Zane has served Continental for more than 15 years and has proven
financial, analytical and operational experience," said Kellner. "He is an
integral part of our senior management team and the perfect choice to succeed
Jeff as our next CFO."
Rowe was named senior vice president for network strategy in September
2006, after assuming responsibility for Continental's network strategy,
including schedule planning and profitability analysis, as vice president
network strategy in 2005. He joined Continental in 1993, and was elected
staff vice president for financial planning and analysis in February 2001. He
was promoted to vice president of financial planning and analysis in September
2003.
Misner will continue to serve as executive vice president and chief
financial officer until his retirement at the end of August, and will work
with Rowe over the next several months to transition his responsibilities as
part of the succession.
Continental Airlines is the world's fifth largest airline. Continental,
together with Continental Express and Continental Connection, has more than
3,100 daily departures throughout the Americas, Europe and Asia, serving 145
domestic and 138 international destinations. More than 550 additional points
are served via SkyTeam alliance airlines. With more than 45,000 employees,
Continental has hubs serving New York, Houston, Cleveland and Guam, and
together with Continental Express, carries approximately 69 million passengers
per year. Continental consistently earns awards and critical acclaim for both
its operation and its corporate culture.
For the fifth consecutive year, FORTUNE magazine named Continental the
No. 1 World's Most Admired Airline on its 2008 list of World's Most Admired
Companies. Additionally, Continental again won major awards at the OAG Airline
of the Year Awards including "Best Airline Based in North America" for the
fourth year in a row, and "Best Executive/Business Class" for the fifth
consecutive year. For more company information, visit continental.com.
SOURCE Continental Airlines
