Continental Airlines Announces Election Of Kirby Jon H. Caldwell To Board Of Directors

Continental Airlines (NYSE: CAL and CAL.A) announced today that Kirbyjon H. Caldwell has been elected to its board of directors. He replaces former U.S. Sen. Lloyd Bentsen, who recently declined to stand for re-election for personal reasons.

Bentsen, former U.S. Secretary of the Treasury and one-time Democratic Party vice presidential nominee, was elected to Continental`s board in September 1996.


“Senator Bentsen has served the board extremely well,” said Gordon Bethune, chairman and chief executive officer of Continental Airlines. “His friendship, wisdom and insight have been invaluable, and we will miss him very much.”


Caldwell, a prominent Houston clergyman and former investment banker and Wall Street broker, was elected to Continental`s board of directors at today`s stockholders meeting.


“We`re pleased to welcome Pastor Caldwell to our Board,” said Bethune. “He is a widely-respected community leader whose business acumen and community spirit will be of tremendous value. He will bring a fresh, new perspective to our business.”
Caldwell, an MBA graduate from the University of Pennsylvania`s Wharton School of Business, worked at First Boston Corporation and at a Houston-based investment banking firm before becoming pastor of Windsor Village United Methodist Church, one of the largest churches in Texas. He is a well-known social entrepreneur whose economic reform programs have captured attention nationwide. Newsweek magazine named Caldwell to its “Century Club” list of 100 People to Watch in the year 2000 and beyond. Similarly, he has also been featured in FORTUNE magazine, The Wall Street Journal, U.S. News & World Report and various television news shows.

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In addition to Continental Airlines, Caldwell serves on numerous business and civic organization boards of directors, including Chase Bank of Texas National Association, Chase Bank of Texas - Houston Region, Memorial Hermann Healthcare System and the Greater Houston Partnership, a business development group.


Caldwell, a native of Houston, is pastor of Windsor Village United Methodist Church and author of a recently published book, The Gospel of Good Success.


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