Jun 04, 2007. /Lesprom Network/. MAXXAM Inc. announced on June 1, 2007 that Shawn Hurwitz has been elected to the additional position of president of the company. Mr. Hurwitz currently serves as co-vice chairman of the MAXXAM board of directors and president and chief executive officer (CEO) of the MAXXAM Property Company (MPC), the company's real estate development subsidiary, whose primary business is community development and related real estate investment. Mr. Hurwitz also serves on numerous MPC-affiliated corporate boards, as well as serving as president and chief executive officer of Sam Houston Race Park, Ltd., which owns and operates a Texas Class 1 horse racing facility in Houston. Mr. Hurwitz, who begins his duties immediately, replaces former president Charles Hurwitz, who will remain CEO and chairman of MAXXAM's board of directors. "Shawn's leadership at MPC and the Company's other business interests has helped fuel the organization's performance," Charles Hurwitz said. "Shawn's knowledge of the company's various business interests will be incredibly valuable to the continued stability and growth of MAXXAM. We are confident that his business acumen and his strategic vision will serve the company well and will drive its future success." Mr. Hurwitz is a graduate of The University of California at Santa Barbara, and has an MBA from The University of Texas at Austin and lives in Houston with his wife and family. MAXXAM Inc. is a publicly-traded company, headquartered in Houston, Texas, with business interests in three industries: forest products, real estate investment and development and racing operations.