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BSNC promotes Gail Schubert to CEO


(Anchorage, AK) - Bering Straits Native Corporation (BSNC) announces the promotion of Executive Vice President Gail Schubert to Chief Executive Officer. Schubert has served on the BSNC Board of Directors since 1992 and as executive vice president and general counsel since 2003.

"I am proud to announce Gail Schubert's promotion as part of our transitional leadership change as I prepare to retire as an officer within the next few years," BSNC President/CEO Tim Towarak said. "She has excellent judgment and leadership skills and has served BSNC's shareholders well since joining our management team. I want to thank BSNC staff for their performance during my tenure as CEO. I trust they will give her the allegiance they have provided me for the last ten years. I have every confidence that Gail will continue the fabulous growth BSNC has had in the past decade."

"I'm honored and excited by the opportunity to take on a greater role in BSNC's leadership," Schubert said. "We have an active and involved Board and a talented management team. It's been a pleasure working with such a dynamic, dedicated group of people to the benefit of our shareholders and communities. I'm looking forward to continuing that mission."

Towarak has lead the company since August 2000, during which time BSNC's gross revenues have grown from $9 million to today's $162 million. During the past several years, BSNC expanded its Anchorage office leading to dramatically increased involvement in federal contracts through the Small Business Administration's 8(a) program. That effort resulted in the recent award of the contract to build the new Norton Sound Regional Hospital to BSNC's joint venture with Neeser Construction, Inc. In October, the BSNC Board declared a dividend of $1.50 a share in October, the corporation's largest to date.

Prior to joining BSNC, Schubert practiced law in Anchorage for ten years after a successful career at several Wall Street firms, including the Federal Reserve Bank of New York. Originally from the northwest Alaska village of Unalakleet, she is the daughter of Betty Anagick and the late Lowell Anagick Sr. She earned an undergraduate degree from Stanford University, followed by an MBA from Cornell University's Johnson School of Management with an emphasis in accounting and finance. She graduated from Cornell University School of Law and joined the New York bar. In addition to the BSNC board, she serves on the boards of several other Alaska organizations including AFN, the Alaska Native Heritage Center, Alaska Native Justice Center and the Alaska Retirement Management Board.

BSNC has approximately 6,300 shareholders and includes the villages of Brevig Mission, Council, Diomede, Golovin, King Island, Koyuk, Mary's Igloo, Nome, Shaktoolik, Shishmaref, Solomon, St. Michael, Stebbins, Teller, Unalakleet, Wales and White Mountain.

Headquartered in Nome, the corporation's regional operations include real estate management and development, tourism, construction, mining services and sales of rock and aggregate. BSNC's Anchorage office and other subsidiaries outside Alaska provide services to the federal government and other customers through the Small Business Administration's 8(a) program.

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