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.
- A swath of downtown Juneau went dark for about a half hour on Friday morning. AEL&P blamed the outage on unspecified equipment failure in a feeder circuit.
- It aims to preserve Alaska Native culture by giving tribes and tribal organizations the ability to oversee local child welfare problems, rather than social workers coming in from outside their communities. That often results in children being removed from their communities.
- Dressed in full Gwich’in regalia, Potts recounted growing up in a modest dirt-floor hunting cabin in Eagle, losing someone close to suicide, and taking the conventions theme of strength in unity to get back to enjoying life again.
- The Juneau School District wants to consolidate its two high school football programs and cheer squads. Superintendent Dr. Mark Miller said at a press conference Thursday afternoon that the decision to send a formal request to the Alaska School Activities Association has been two years in the making.