A second generation of Mallotts is taking over the helm at Sealaska.
The regional Native corporation’s board of directors named Anthony Mallott as president and CEO during a shareholders’ meeting Tuesday night in Anchorage.
He’s the son of former CEO and long-time board member Byron Mallott, who’s running for governor as a Democrat.
The younger Mallott says he has a good relationship with his father. But they limit their conversations.
“We do not discuss business. We’ve kept that outside our relationship. Of course, he’s offered fatherly advice my whole entire life,” he says
Anthony Mallott has been Sealaska’s treasurer and chief investment officer for the past eight years.
The 39-year-old says that, and his previous experience, got him the job.
“I’ve spent 18 years in the investment management field. I have a very experienced background in that regard. And I really think the board saw that as one of the very important attributes that we need in a CEO as we move into this phase of acquiring new investments and operating entities,” he says.
Sealaska is in the midst of changing some of its financial policies, with a goal of providing more jobs and higher dividends to shareholders.
To do that, it must recover from last year’s substantial shortfall.
Sealaska reported about $57 million of operating losses during 2013. Revenues from investments and other sources brought that down to around $35 million.
Mallott says the corporation is still financially strong.
“We have assets, that at a minimum, will provide a strong level of income in this coming year. So the turnaround’s already happening,” he says.
He’ll take over the reins from current CEO Chris McNeil Jr. on June 28th, the day of Sealaska’s annual meeting.
Mallott is the first CEO who is not an original Sealaska shareholder. He is among several thousand younger Southeast tribal members born after the Alaska Native Claims Settlement Act created corporations.
Sealaska has a total of about 22,000 Tlingit, Haida and Tsimshian shareholders.
Mallott is a Juneau resident with roots in Yakutat and Interior Alaska. He has a bachelor’s degree in industrial engineering from Stanford University.
He is Tlingit, Eagle, Tsaagweidí (Killerwhale) Clan, as well as Koyukon Athabascan, Caribou Clan.
His Tlingit name is Gunnuk.
- The Washington Post’s style section reports that Jose DelReal was blocked Wednesday from covering a campaign event for vice presidential nominee Mike Pence in Wisconsin.
- The Republican presidential nominee faced a day of harsh criticism from across the political spectrum for appearing to urge Russia to hack his Democratic rival's email.
- The Ketchikan School Board approved a new policy Wednesday establishing programs to help reduce child abuse and sexual assault. There was no discussion before the unanimous roll-call vote in favor of the policy, which calls for age-appropriate information for students in all grade levels to teach about appropriate conduct, and resources available for students.
- The United Fishermen of Alaska is working on a project to figure out what issues the salmon fleet is concerned about – and how to reach them.