Permanent Fund board selects longtime state employee as new chief executive
October 12, 2022
JUNEAU (AP) — Acting state Revenue Commissioner Deven Mitchell has been chosen as the new chief executive of the Alaska Permanent Fund Corp.
The announcement was made Oct. 3. The corporation said in a statement that the selection “is contingent on the successful negotiation of a salary and benefits package” and that a start date has not yet been set.
Mitchell has called Alaska’s nest-egg oil wealth fund the state’s “trump card” as a renewable source of revenue, the Anchorage Daily News reported. His message to the board was that he would not chase short-term cash yields, as th...