Gail Schubert named Bering Straits Native Corporation President & CEO(Anchorage, AK) - Bering Straits Native Corporation (BSNC) announces the promotion of Chief Executive Officer Gail Schubert to President & CEO. Schubert was appointed to fill the combined President & CEO position after long-time BSNC President Tim Towarak resigned to avoid any conflict of interest with his new position as Chair of the Federal Subsistence Board. Schubert has served on the BSNC Board of Directors since 1992; she was hired in 2003 as Executive Vice President and General Counsel, and was promoted to CEO in December 2009.
"I am proud to announce Gail Schubert's promotion to BSNC President & CEO as I retire to focus on my duties as Federal Subsistence Board Chair," BSNC former President 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 the BSNC staff for their performance during my tenure. I have every confidence that under Gail's leadership, BSNC will continue the significant growth trend it has experienced in the past decade."
"I am honored and excited by the opportunity to lead BSNC," 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 grew from $9 million to today's $190.3 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) and small business programs. Earlier this month, BSNC issued a dividend of $2.56 a share, 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 the Cornell University School of Law and is licensed to practice law in New York State and Alaska. Since her return to Alaska, 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 is engaged in federal government contracting through the Small Business Administration's 8(a) and small business programs, and construction and related work for the federal government and commercial entities.
Posted: December 14, 2010
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