The Alaska Permanent Fund Board of Trustees has chosen longtime Alaskan Deven Mitchell to lead the corporation as the new president. The Alaska Permanent Fund Corporation has been without a president since the trustees fired Angela Rodell last December.
With Mitchell, the trustees have found someone who has a remarkable record of good relationships throughout government, including the Alaska Legislature, where he has testified many times on the state’s various financial portfolios.
In September, Mitchell was named by Gov. Mike Dunleavy as the acting commissioner for the Department of Revenue, to fill in for Lucinda Mahoney, who retired for health reasons.
Mitchell brings a wealth of knowledge and experience to APFC, the trustees said. He has extensive experience with financial securities and working for the Alaska Department of Revenue since 1992. His service as Alaska’s debt manager as well as executive director and treasurer of the Alaska Municipal Bond Bank Authority, a public corporation of the State, provides a solid foundation of fiduciary duty.
As acting commissioner of Revenue and a serving trustee of the corporation, Deven declared his candidacy during the annual meeting and was excused from the board’s selection process. It is also important to note that he applied for this position in late July, well before being appointed the Acting Commissioner of Revenue.
The APFC Board of Trustees made the selection at a public meeting on Oct. 3 in Juneau and via teleconference. The selection is contingent on the successful negotiation of a salary and benefits package, and a start date is yet to be determined. Mitchell resides in Juneau, where he and his wife Erin raised their two sons.