Jeff smisek biography

Continental Airlines (NYSE: CAL) announced today that Jeff Smisek, 54, Continental's president and chief operating officer and a member of the board of directors, will become chairman and chief executive officer, effective January 1, 2010.

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Smisek will succeed Larry Kellner, 50, who has decided to return to private equity at year-end after 14 years with Continental, the last five of them as chairman and CEO.

"It has been a great honor to lead the professional men and women of Continental and be part of the premier airline in the industry," Kellner said.

"I have worked closely with Jeff throughout my tenure, and he is a strong and effective leader. I am confident Jeff will maintain Continental's unique culture and successfully lead the Continental team through these challenging times.

"While I will deeply miss my co-workers at Continental, it is the right time for this transition.

Continental has gained approval from DOT of our Star Allian