BOARD OF TRUSTEES

A governor-appointed board of six trustees sets APFC policy. Alaska law provides that the APFC Board be comprised of four public members, the Commissioner of Revenue and one additional cabinet member of the governor's choosing. Public members serve staggered four-year terms.

Meeting schedule Meeting minutes


Steve Frank
Steve Frank, Chair, appointed August, 2004

Mr. Frank has worked in banking and real estate, and now owns and operates Rivers Edge Resort in Fairbanks. He was elected to the State House in 1984 and to the Senate in 1988, where he served two 4-year terms. He has served on the Fairbanks Convention and Visitors Bureau Board, Alyeska Pipeline Company President's Community Panel, and Catholic Schools-Monroe Foundation Board of Directors. Mr. Frank was born and raised in Fairbanks. He studied at the University of Washington and the University of Alaska Fairbanks, where he earned a bachelor's degree in business administration. He was appointed to the APFC board in 2003, re-appointed in 2004 under Governor Murkowski, and re-appointed in July 2008 by Governor Palin to a four-year term. He served as vice-chair from 2004 to 2007, and has served as Chair since September 2007.

Bill Moran
Bill Moran, Vice Chair, appointed November, 2006

Mr. Moran is President and director of First Bancorp, Inc., and has served as Director for Community Bancshares since 2001. His community activities include the Ketchikan Pioneers Home Foundation, First City Players and British Petroleum Community Advisory Board. He is a member of the Alaska Bankers Association and the Alaska Forest Association. Mr. Moran holds a degree in Business Administration and Finance from the University of Notre Dame. He and his wife Anita have two grown sons. Mr. Moran was appointed to the APFC board in November, 2006, by Governor Murkowski, to a four-year term. Mr. Moran has served as Vice-Chair since September 2007.

Nancy Blunck 
Nancy Blunck, appointed September, 2007

Nancy Blunck is a Certified Financial Planner® and owner of Blunck Financial, an Anchorage-based financial planning and investment management firm. She had previously worked in public policy planning: at the Anchorage Borough as transportation planner, for the U.S. Interior Department on D-2 legislation implementation, and for the Alaska Public Forum, established by Governor Hammond to provide a neutral mechanism for public participation regarding the Permanent Fund. In that role, she traveled statewide to listen to Alaskans about the Permanent Fund, subsistence, and funding state government when oil revenues decline. Ms. Blunck earned her Bachelors degree from Iowa State University, her Masters degree from the College for Financial Planning. She cofounded the Aegis Group, a knowledge-sharing network of financial planning and management firms in eleven states.Ms. Blunck was appointed to the APFC board in September, 2007 by Governor Palin, for a four-year term.

Patrick Galvin
Patrick Galvin, appointed December, 2006

Mr. Galvin was a private practice attorney focusing on municipal, corporate, and tribal law. He earned his Bachelor's degree in Visual Arts and Quantitative Economics from the University of California, San Diego, a Law Degree from the University of San Diego, and an MBA from San Diego State. Mr. Galvin served as Director of the Division of Governmental Coordination, overseeing the Alaska Coastal Management Program, and also served as a Petroleum Land Manager for Department of Natural Resources. Mr. Galvin was appointed Commissioner of the Department of Revenue and to the APFC board in December, 2006, by Governor Palin.

Steve Rieger
Steve Rieger, appointed July, 2009

Steve Rieger currently operates his own management and finance consulting businesses in Anchorage, and is a state-registered investment adviser.He earned a bachelor’s degree in economics from Harvard University, and a master’s degree in business administration from Harvard’s Graduate School of Business Administration. Mr. Rieger served three terms in the Alaska House of Representatives and one in the Senate, representing south Anchorage. A member of both House and Senate finance committees, his extensive legislative experience included the state operating and capital budgets, economics, banking, and the Permanent Fund. As a legislative staffer before his election, Rieger helped develop the legislation establishing the Alaska Permanent Fund Corporation, and worked with Wall Street firms regarding its investment guidelines and governance. He was appointed to the APFC board in July, 2009 by Governor Palin, for a four-year term.

Larry Hartig
Larry Hartig, appointed November, 2009

Mr. Hartig is an attorney with more than 20 years experience in environmental law, regulations, permits and land use issues. Prior to his appointment in 2007 by Alaska Governor Sarah Palin as Commissioner of the Department of Environmental Conservation, he was in private practice as an attorney with the Anchorage law firm of Hartig Rhodes Hoge & Lekisch, PC. Joining the firm in 1983, Mr. Hartig worked primarily on environmental, natural resources, and commercial matters. His practice included assisting clients in obtaining environmental and other permits for natural resource development projects, as well as projects involving environmental compliance, and cleanup of contaminated properties. Clients included government, private developers, industry and Native Corporations, among others. He also worked as a landman in the Land/Legal Department of Alyeska Pipeline Service Company between 1972 and 1976. Mr. Hartig has a B.A. from the University of Utah and received his J.D. from Lewis and Clark College. He is a member of the Exxon Valdez Oil Spill Trustee Council and serves on the board of the Alaska Permanent Fund Corporation. He is also a member of the Alaska Bar Association, and a former member of the State Board of Forestry.