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'l <br />Kaiser Ventures' CEO Resigns <br />2-2-2-2-2 <br />I .t <br />li <br />Stoddard, who a long with Larson led Kaiser Steel Corporation out of <br />bankruptcy in 1988, has served as Chairman of the Board since the <br />reorganization and formerly as CEO from 1988 to 1993. A former attorney, <br />prior to joining Kaiser, he specialized in reorganizing financially distressed <br />companies. <br />Larson, who is a Yale Law School graduate and former private <br />practice attorney, joined Kaiser in 1988 during the bankruptcy <br />reorganization. He was named President in late 1988 and was later <br />appointed to the Board of Directors and became CEO in January 1994. In <br />addition to his corporate responsibilities, Mr. Larson has served on numerous <br />community Boards and is the current Chairman of the Inland Empire <br />Economic Partnership, a public-private economic development organization. <br /># # # <br />TZ:60 86..LT Had 80d 96S - 3NOlSA3a9 86ZGTZL202