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SEIDL TO RESIGN AT MAXXAM, KAISER ALUMINUM, KAISER ALUMINUM & CHEMICAL, AND PACIFIC LUMBER; HURWITZ, HUTCHCRAFT TO TAKE ON ADDED POSTS

SEIDL TO RESIGN AT MAXXAM, KAISER ALUMINUM, KAISER ALUMINUM & CHEMICAL,
 AND PACIFIC LUMBER; HURWITZ, HUTCHCRAFT TO TAKE ON ADDED POSTS
 HOUSTON, Oct. 5 /PRNewswire/ -- MAXXAM Inc. (AMEX: MXM) announced today that, effective the end of the year, John M. Seidl will resign as president of MAXXAM, as chairman and chief executive officer of its subsidiary companies, Kaiser Aluminum Corp. (KAC) (NYSE: KLU) and Kaiser Aluminum & Chemical Corp. (KACC), and as chairman of MAXXAM-owned The Pacific Lumber Co. Seidl also will resign as a director of MAXXAM, the Kaiser companies, and Pacific Lumber.
 Charles Hurwitz, MAXXAM's chairman and chief executive officer, will take on the added positions of president of MAXXAM and chairman of Pacific Lumber. A.S. Hutchcraft, Jr., KAC and KACC president, will assume the added positions of chairman and chief executive officer of KAC and KACC.
 "I have been lucky enough to have held interesting and exciting leadership positions in a number of companies in American business and industry since 1978," Seidl said. "Those fourteen years have been great fun. I also have had the good fortune to have enjoyed challenging positions in the academic world and the federal government in Washington, D. C., before my business career. 1993 is the right year for me to reflect on all those experiences and decide how I wish to spend the next ten to fifteen years of my life."
 "Mick Seidl has made a major contribution to our organization, and we wish him well," Hurwitz said. "We are very fortunate to have an individual of Steve Hutchcraft's experience and competence on board to move into Mick's Kaiser responsibilities."
 Seidl, 53, joined the MAXXAM organization in January of 1989 as chairman and chief executive officer of Kaiser Tech Ltd., the predecessor to KAC, and its operating subsidiary, KACC. He was named president of MAXXAM and chairman of Pacific Lumber in 1990. Seidl came to MAXXAM from Enron Corp., a diversified energy-based corporation, where he was president.
 Hutchcraft, 62, is a 36-year Kaiser veteran. He has been president of KAC since 1988 and a director since 1991, and he has been president, chief operating officer, and a director of KACC since 1982. Prior to 1982, he served KACC in a variety of managerial capacities, including general manager of the Aluminum Raw Materials and Reduction Division and general manager of the Aluminum Fabricated Products Division. Hutchcraft is a graduate of Yale University.
 MAXXAM is a Fortune 200 company that operates in aluminum, through 87.3-percent-owned KAC and KACC; forest products, through wholly owned Pacific Lumber; and real estate management and development through various subsidiaries.
 -0- 10/5/92
 CONTACT: Robert W. Irelan of Kaiser Aluminum, 713-267-3722/
 (MXM KLU) CO: MAXXAM Inc.; Kaiser Aluminum; Kaiser Aluminum & Chemical;
 Pacific Lumber Co. ST: California IN: SU: PER


TM-GT -- SF004 -- 6698 10/05/92 15:39 EDT
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Publication:PR Newswire
Date:Oct 5, 1992
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