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CEO of Juneau Native urban corporation to retire

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JUNEAU, Alaska (AP) — The president and CEO of Juneau's Native urban corporation will retire at the end of the year, a newspaper reported Tuesday.

Bob Loiselle said he would like to spend more time with his family, including two grandchildren, the Juneau Empire reported (http://is.gd/mwtkCR).

"Bob is going out at the top of his game and that of the company itself," Joe Kahklen, chairman of the Goldbelt board of directors, said in a statement. "We appreciate the ample notice Bob gave us so that we can find a replacement without any gaps in leadership."

Goldbelt named Loiselle president in January 2012.

During his tenure, the corporation diversified its portfolio by expanding East Coast government contracting operations. He also increased shareholder hire rates and renovated its Goldbelt Hotel in Juneau.

He also was instrumental in starting the Goldbelt Ancestral Trust, which is similar to the Alaska Permanent Fund and is intended to hold cash and assets for the benefit for shareholders.

"The Goldbelt Ancestral Trust is an accomplishment in the sense that it will provide benefits well into the future for stakeholders," Loiselle said.

The board of directors has formed a search committee to find a replacement.

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Information from: Juneau (Alaska) Empire, http://www.juneauempire.com

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