|  October 20, 2014  |  
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Koniag Inc. President Will Anderson Steps Down, Board Appoints Interim President

(Anchorage, Alaska) – Koniag, Inc., the regional Native corporation for the Kodiak Island region, announced today that Will Anderson has agreed to step down as President and Chief Executive Officer effective immediately.

Tom Panamaroff will serve as interim President with Ron Unger, Koniag’s Chairman serving as Interim CEO. Mr. Panamaroff has been with Koniag for several years, most recently as President and CEO of Koniag Development Corporation. Mr. Unger has served on Koniag’s Board for the past nine years and as its Chairman since October 2012.

“Mr. Anderson has made a substantial contribution to Koniag during his seven years as President, growing and diversifying the company’s business operations,” stated Mr. Unger. “He also made significant strides in promoting regional unity and preserving cultural programs. The Board of Directors thanks Mr. Anderson for his long-term commitment to Koniag, our region and our shareholders.”

About Koniag, Inc.
Koniag, Inc. is one of the 13 Alaska Native regional corporations established in 1971 by the Alaska Native Claims Settlement Act (ANCSA). Koniag represents the Alutiiq people from Alaska’s Kodiak Island region. Koniag manages a diverse portfolio of real estate holdings and operating companies. For more information, visit www.Koniag.com.

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