Maxxam's chief financial officer to resign DATELINE: LOS ANGELES MAXXAM Inc. (MXM) announced Friday that its chief financial officer, James V. Iaco, will resign from his position, effective Dec. 31. No successor has been named at this time. Iaco, 45, noted that his decision was directly linked to MAXXAM's previously announced decision to relocate its headquarters from Los Angeles to Houston. The relocation is expected to be completed by the fall of this year. Iaco expressed his support for the company's future. ''My time with MAXXAM has been rewarding and fulfilling,'' he said. ''I will miss the people and the stimulating environment of MAXXAM.'' Iaco said that he had not yet made a decision regarding his future business activities. ''My immediate attention will be directed at fulfilling my obligations as MAXXAM's chief financial officer,'' he said. MAXXAM President William C. Leone noted that ''Jim Iaco has been a vital member of the senior management team that, during the past decade, shaped a blend of various companies into an integrated corporation with strongly enhanced values.'' MAXXAM, through its ownership of Kaiser Aluminum & Chemical Corp., a fully integrated aluminum producer, is engaged in aluminum production; through its ownership of The Pacific Lumber Co., is engaged in forest product operations; and through its ownership of various other subsidiaries, is engaged in real estate development. MAXXAM's common stock is traded on the American, Pacific and Philadelphia stock exchanges under the ticker symbol MXM. CONTACT: MAXXAM Inc., Los Angeles Byron Wade, 213/446-6136 Business Wire June 8, 1990, Friday 1990 Business Wire