JUNEAU -- Sealaska Corp., Southeast Alaska's regional Native corporation, announced Tuesday evening that Anthony Mallott has been named the company's new president and CEO.
Mallott, currently Sealaska's treasurer and chief investment officer, has worked for the company since 2008.
Mallott is the son of former Sealaska CEO and current Democratic gubernatorial candidate Byron Mallott, who is a member of the Sealaska board of directors. Byron Mallott recused himself from the CEO selection process when his son became a candidate, said company spokesperson Dixie Hutchinson.
Mallott replaces Chris McNeil, current president and CEO, who has been with Sealaska since 2001. Sealaska did not reveal what Mallott's salary would be, but McNeil earned a base salary of $350,000 last year, with the potential for bonuses. McNeil lives in Marysville, Wash.
Anthony Mallott will assume his new duties June 28. Byron Mallott did not seek re-election to the board of directors, and his term will end June 28.
Anthony Mallott is Tlingit and has roots in the village of Yakutat. He currently lives in Juneau, where Sealaska is headquartered, with his wife and three children. He has a bachelor's in industrial engineering from Stanford University and was formerly a vice president with a Bank of America subsidiary in San Francisco.
Sealaska recently announced losses last year of $35 million, and board chair Albert Kookesh said one of the duties of the new CEO would be to lead the company back to profitability.
By Pat Forgey