Clore, De Chabaneix Resign at KaiserTech

The Alan E. Clore era at KaiserTech has ended with the British investor’s resignation as chairman and director after the sale of his remaining stake in the Oakland-based company. Clore’s former financial adviser, Guy de Chabaneix, also resigned as a director.

Clore will be succeeded by Barry Munitz, 46, vice chairman of MCO Holdings, whose Maxxam Group subsidiary now holds 31.3% of KaiserTech’s voting stock--a stake increased by Maxxam’s purchase Tuesday of 8,235,294 shares of preferred stock held by Clore for $120 million. Maxxam’s principal operations are in forest products and real estate management and development. In a separate stock sale, KaiserTech bought 488,600 shares of common stock from Clore for a negotiated price of $17.375 a share.

Elected to replace De Chabaneix was C. V. Wood Jr., 67, assistant to the chairman of Lorimar Telepictures.

Clore and De Chabaneix also resigned from the board of Kaiser Aluminum & Chemical Corp., KaiserTech’s operating subsidiary. They were succeeded by Munitz and William C. Leone, 64, president of MCO and Maxxam and already a member of KaiserTech’s board.

Clore’s control of Kaiser Aluminum & Chemical, which later was reorganized, came in November, 1986, as the Briton became an equal partner in an investment group led by Joseph A. Frates of Tulsa, Okla. Frates had waged a hostile attempt to gain control of the company, but sold Clore his stake the next month as part of the reorganization.