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Governor Appoints Former Rep. Hudson to Perm Fund Board


September 25, 2003
Thursday - 12:50 am

Anchorage - Speaking to a crowd at the annual meeting of the Permanent Fund Corporation, Governor Frank Murkowski on Wednesday announced he has appointed former Juneau state Rep. Bill Hudson to a four-year term on the Alaska Permanent Fund Corporation's Board of Trustees. Hudson replaces Juneau attorney Clark Gruening, who has served as a trustee since 1995.

"I would like to thank Clark Gruening for his many years of service to the people of Alaska, both as a legislator who helped to design the Permanent Fund at its conception, and as a trustee for the past eight years," Murkowski said. "Alaskans will continue to benefit from his work for generations to come."

"Bill Hudson is a highly qualified addition to the board of trustees, who brings a wealth of knowledge and experience to the position. He, too, was there at the inception, as a close confidant of Governor Jay Hammond. As a legislator for 14 years, Bill has been involved in many decisions over how the Permanent Fund should be managed. I believe that, over the next four years, he will provide sound advice and a steady hand for the Permanent Fund trustees."

Hudson, 70, represented Juneau in the Alaska State Legislature from 1987-2003, with a break of one term when he opted to run for lieutenant governor in 1994. Most recently, he has worked as a consultant on government, marine systems and marketing. Hudson served 20 years in the U.S. Coast Guard, retiring in 1973 as a commander. From 1974-79 he was director of the Alaska Marine Highway System, before being appointed by Hammond as Commissioner of Administration. From 1983-86 Hudson served as executive director of the Alaska Seafood Marketing Institute.

"As a person who was there when the Permanent Fund was born and who has been involved in its growth, I believe I can offer unique insight, continuity of intent, and a strong commitment to the integrity of the fund's future," Hudson said. "I believe my diversified background will contribute to the trustees' management of the fund."

Hudson will begin his term as trustee on Oct. 1, 2003.



Source of News Release:

Office of the Governor
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