MAXXAM names Seidl president, La Duc CFO

DATELINE: HOUSTON

    The board of directors of MAXXAM Inc.  Wednesday named John M. Seidl 
president and John T. La Duc senior vice president and chief financial officer.

   Seidl will continue as chairman and CEO of MAXXAM's Kaiser Aluminum & Chemical 
Corp. subsidiary, and La Duc will continue as Kaiser vice president and CFO.

   Commenting on Seidl's and La Duc's appointments, MAXXAM chairman and CEO 
Charles E. Hurwitz said, ''I stated when Mick Seidl came on board in January of 
1989 that we felt very fortunate to have attracted a man with his broad business, 
government, and academic experience to be chairman of Kaiser during its new era 
of growth and profitability.  Mick has lived up to all of our expectations, and 
we are delighted to reward him with these new responsibilities at MAXXAM. John La 
Duc has played a key role at Kaiser Aluminum, and this new position is an 
excellent and deserved opportunity for him.''

   Seidl, 51, joined Kaiser Aluminum in January 1989 as chairman and CEO. Before 
that, he served as president, chief operating officer, and a director of Enron 
Corp., a diversified energy-based corporation which operates America's largest 
natural gas pipeline network.

   La Duc, 47, has served as vice president and CFO of Kaiser Aluminum since 
January of this year. He served as corporate treasurer beginning in 1987 and as 
vice president and treasurer beginning in 1989.

   Seidl will succeed Dr.  William C. Leone,  66, who announced in March that he 
would retire as MAXXAM president in September 1990. Leone will continue as a vice 
chairman, consultant to and director of MAXXAM and certain subsidiaries, 
concentrating on policies relating to MAXXAM's real estate and forest products 
businesses, and he will continue on the executive committees of MAXXAM, Kaiser 
Aluminum, and The Pacific Lumber Co. La Duc will succeed James V. Iaco Jr., who 
announced in June his intention to resign later this year.

   MAXXAM (AMEX:MXM) is engaged in aluminum operations through Kaiser Aluminum, 
forest products operations through Pacific Lumber and real estate operations 
through several wholly owned subsidiaries.

   CONTACT: MAXXAM Inc., Houston             Robert W. Irelan, 713/267-3675             


                                 
Business Wire
September 26, 1990, Wednesday
Copyright 1990 Business Wire Inc.