Governors makes appointment to Permanent Fund

    Juneau, Alaska (KINY) Governor Bill Walker announced today the appointment of Department of Natural Resources (DNR) Commissioner Andy Mack to the Alaska Permanent Fund Corporation Board of Trustees.

    . The six-member board sets policy for the Alaska Permanent Fund Corporation (APFC), and other funds designated by law, including the Alaska Mental Health Trust Fund. Commissioner Mack will fill a board seat reserved for one of the Governor’s cabinet members; the seat was vacated when former Department of Revenue (DOR) Commissioner Randy Hoffbeck retired in August. DOR Commissioner Sheldon Fisher holds the other Governor’s Cabinet seat on the Board.  “The Alaska Permanent Fund has played an incredible role in our state and economy for decades, and moving forward, that role will be ever more important,” Governor Walker said. “As the Commissioner of the Department of Natural Resources, Andy is intimately aware of Alaska’s fiscal situation and the challenges we face providing quality services to our citizens. Combined with his vast understanding of Alaska’s natural resource wealth and his experience in the private sector, Andy makes a strong addition to the Permanent Fund Board and a valuable asset to the people of Alaska.”

    Prior to his appointment as DNR Commissioner in 2016, Mr. Mack was a managing director of Pt Capital, the only private equity fund based in Alaska. Born and raised in Soldotna, Mr. Mack brings over a decade of experience in Arctic policy and development. He has advised several Alaska Native Corporations engaged in oil and gas activities on the North Slope. In this role, he helped guide the regulatory drafting and implementation applied to drilling efforts in the Chukchi and Beaufort Seas.

    Mr. Mack holds a B.A. from Concordia College in Minnesota, and a J.D. from Loyola Law School in California. He is a former member of the Resource Development Council of Alaska Board of Directors.

     

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