Chugach Alaska Corporation Board Announces CEO Resignation
ANCHORAGE—Chugach Alaska Corporation’s (Chugach) Board of Directors announced that President and CEO Gabriel Kompkoff will resign from his role. Board Chair Sheri Buretta has been named interim President and CEO until an executive search can be conducted.
In a release from the corporation, Chugach stated, “Gabe is an exceptional business leader who transformed Chugach during his tenure with the company. He served on Chugach’s Board of Directors from 2010 through 2011, before joining the company in 2012 as the leader of the commercial division, Chugach Commercial Holdings. Soon after, he was appointed by the Board as Chugach’s CEO in 2012. Under his leadership, the company has delivered tremendous shareholder value—driving consistent growth in revenues and profitability, while building a more sustainable, diversified portfolio well-positioned to thrive in the future.”
“The Board thanks Gabe for nearly a decade of service and leadership in growing the business, and I know I speak for everyone on the Chugach team when we wish him all the best in his next endeavor,” said Buretta. “His passion for the Chugach mission and vast investment experience helped advance the Board’s vision for intergenerational prosperity. We’re all tremendously grateful that Gabe dedicated himself to helping steward Chugach through these critical years.”
Chugach’s growth and diversification over the past few years have elevated the corporation to a new level, and the corporation has stated that its leadership structure is changing to meet the needs of this next level. Chugach maintains that it remain in a strong financial position. The corporation exceeded its 2019 financial targets and is positioned for continued growth in 2020 and beyond. Other notable recent activities include a land exchange and establishment of the Chugach Natives Trust.
“It has been an honor to work with so many dedicated professionals on building a lasting foundation at Chugach,” says Kompkoff. “I’ve had the good fortune to meet many of the amazing individuals who live our core behaviors every day. Thank you for accepting me into the Chugach family eight years ago. One of our core behaviors is to leave things better than you found them. I know Chugach is in a better place today and the path ahead is tremendous. As I move on, I am struck by how much you have given to me. I am grateful for your gifts of friendship, mentorship and leadership. I am a better person today for having served alongside many of you, and for that I will be forever grateful. I look forward to seeing the progress you make in the future.”
Interim CEO Buretta has served as Chugach’s Chairman since 1998. In addition, she serves as a board director for the Alaska Federation of Natives, Native American Contractors Association, Tatitlek Corporation, University of Alaska Anchorage Board of Regents, and ROSSIA (Russian Orthodox Sacred Sites in Alaska). Sheri was born in Anchorage, Alaska, and her family is from the Native Village of Tatitlek located in the Prince William Sound.
This year the Alaska Railroad is celebrating 100 years of transportation people and cargo around Alaska. While the railroad is one of the states oldest transporters, it certainly isn’t the only one, and in this issue of Alaska Business we also check in on the Marine Highway, Span Alaska, and the White Pass & Yukon Route. For those interested in Southeast, our focus on that region provides updates on Kensington Mine, Tongass FCU, the troll fishery, and Juneau’s growing landfill.