Raymond L. Gellein Jr., the newly appointed CEO of Strategic Hotels & Resorts, says he oversee the continuation of the company's turnaround strategy, which aims to reduce the company's debt. "That strategy continues. ... We're going to keep on keeping on," Gellein said. Gellein said the departure of former Strategic President and CEO Laurence Geller was the result of a mutual agreement between Geller and the company's board of directors. However, he declined to comment on speculation about a sale of the company.