The Alaska Permanent Fund Corp. board of trustees has elected a new chair ahead of the release of a final report on the abrupt removal of the corporation’s former CEO, Angela Rodell, late last year.
to explain the reasons for Rodell’s firing, but he declined to give more information.
Richards gave no explanation during last week’s board meeting why he was not seeking another one-year term as chair. He did not respond to requests for comment from the Daily News. “It has been a brutally tough year and I have never spent as much time as I have this year working on Permanent Fund stuff,” Richards said Thursday. “And a lot of it has not been time that was productively spent.”
The board is set to choose a new CEO of the Alaska Permanent Fund Corp. from among three finalists during a special meeting Monday in Juneau. The corporation has been led by acting CEO Valerie Mertz, who had been chief financial officer since 2012.
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