Shugrue Moves to Continental

Martin R. Shugrue, former vice chairman and chief operating officer of ailing Pan Am Corp., was named today as president of Continental Airlines.

Shugrue, 47, had been with Pan Am for 19 years before being ousted late last month in a sweeping management reshuffle that also forced out Pan Am Chairman C. Edward Acker. Some of the Pan Am unions had reportedly demanded that Acker and Shugrue be fired in exchange for more than $330 million in labor concessions that they agreed to with management last month.