Gov. Mike Dunleavy has reappointed Ethan Schutt to the Alaska Permanent Fund Board of Trustees, where he serves as the current chairman.
This move allays concerns by some that if he was not reappointed, trustee Ellie Rubenstein might ascend to the chairmanship of Alaska’s $80 billion investment account. She has been identified as having conflicts of interest with her own investment groups and that of her father, Carlyle Group’s founder David Rubenstein.
A leaked email revealed by the Alaska Landmine showed that Rubenstein had said she had spoken to Dunleavy and that he was not going to reappoint Schutt, which would have set her up to take his place.
“I am honored to continue serving on the APFC Board of Trustees,” Schutt said in a prepared statement. “My commitment to serving in the best interest of Alaskans – both current and future generations – remains steadfast. In working together, we ensure the growth and prosperity of Alaska’s renewable financial resource.”
Schutt will continue to serve in one of the four public member seats, which have staggered four-year terms. He served his first term on the Board from 2020 to 2024, and has served as chair since 2022.
An Athabascan from Tok, Schutt has a bachelor of science degree with honors in mathematics from Washington State University and a Juris Doctor degree from Stanford Law School.
Grinning all the way to the bank!
Barf