Dear Shareholders & Descendants,
As the winter chill settles in and snow creeps down the mountains, I am proud of all that we have accomplished this year and grateful to our shareholders who were able to attend our Annual Meeting in October.
The 51st Annual Meeting of Shareholders in the Seattle area, our first-ever held outside of Alaska, was a tremendous success. Our shareholder numbers continue to grow within this region; 29% of our shareholders live there today. We are grateful to be able to host an annual meeting and connect with new shareholders and their families. A special “thank you” to The Aleut Corporation staff and Board, the Unangax̂ Dancers, and our artists, and vendors, who helped make this special event a success.
Congratulations to our returning board members! Jenifer Nelson, Anthony Lekanof, and Tara Bourdukofsky were reelected to their seats. Full election and prize info on page 4. We appreciate their commitment and guidance for the Corporation. I would like to express my sincere gratitude to all the candidates who put their names forward and for their willingness to serve our people and to all our shareholders who voted.
We are thrilled to announce the addition of Mike Jenks to our team as the new General Manager of Aleut Real Estate. Mike, a TAC shareholder, brings a wealth of experience and a commitment to our Unangax̂ community. Many of you may know him as the previous interim Executive Director of The Aleut Foundation. As the GM, he will be responsible for growing the ARE real estate investment portfolio. His background in real estate and management make him a valuable addition to our team.
We are equally excited to introduce Kyla Morris as the new Executive Director of The Aleut Foundation. Kyla’s passion for our community and her dedication to making a positive impact are inspiring. You can read more about Kyla and her vision for The Aleut Foundation on page 12.
During the Annual Meeting, I reported good news on the Corporation’s performance year-to-date. TAC’s revenue is up 42% from this time last year, reporting $146 million in revenue (an increase of $43 million)! TAC’s operating income is $9.5 million, an increase of $8.9 million from this time last year! We are proud of our subsidiaries and all the hard work they’ve put in to produce these results.
I am thankful for your ongoing support of The Aleut Corporation as we continue to develop a strong and enduring organization for our Unangax̂ shareholders and descendants. For our Alaska shareholders and descendants, I look forward to seeing you in Anchorage on Saturday, 12/9 for our Shareholder Meeting & Holiday Reception.
Qaĝaasakung,
Skoey Vergen
President & CEO