Alaska Permanent Fund Corp. board ousts CEO Rodell

The board that oversees Alaska’s multibillion dollar investment portfolio on Thursday removed Angela Rodell as chief executive officer.

KTOO Public Media reported board members voted 5-1 to remove Rodell immediately. The board is holding its quarterly meeting in Anchorage, according to an agenda on its website.

Rodell in October asked if the board was committed to building the corporation’s capacity to manage its investments using its own employees, KTOO reported at the time.

There was a proposal before the board in October that would have cut $900,000 in employee pay. The measure failed, and the board passed the $218 million budget.

“Should we continue to be building this agency, or is it time to put our hands up and go, ‘Maybe it’s time to shrink this. Maybe it’s time to move it over, back to Department of Revenue. Maybe it’s–’ And how do we think about that? So it’s bigger, it’s more philosophical. It’s just trying to understand where we want to go with this organization,” Rodell said in October.

Rodell, who was a commissioner of the state Department of Revenue under then-Gov. Sean Parnell, has led the corporation since 2015. Since then, the investment fund whose earnings support government expenses and the annual checks paid to residents has grown from $51 billion to nearly $81 billion.

More in News

The Dimond Courthouse in Juneau, Alaska, is seen in this undated photo. (Michael S. Lockett / Juneau Empire file)
Juneau man pleads guilty to murder of infant

James White pleaded guilty yesterday to the murder of 5-and-half-week-old Kathy White

U.S. Coast Guard Rear Admiral Megan Dean shakes hands with the new Arctic District commander Rear Admiral Bob Little on Friday. Vice Admiral Andrew J. Tiongson, commander of the Pacific Area, smiles. (Jasz Garrett / Juneau Empire)
US Coast Guard receives new commander, new name for Alaska

The Arctic District’s new icebreaker will visit Juneau next month

City and Borough of Juneau City Hall is photographed on July 12, 2025, in Juneau, Alaska. (Photo by Erin Thompson/Juneau Empire file)
Municipal election candidate filing period opens July 18

The filing period runs from July 18 at 8 a.m. to July 28 at 4:30 p.m.

The Mendenhall River roars more than 13 feet above normal levels in August 2023. (Mark Sabbatini / Juneau Empire)
Suicide Basin predicted to fill by Aug. 8

The change in the prediction of when the basin will fill was based on heavy rain last week

(Michael Penn / Juneau Empire file photo)
Police calls for Monday, July 14, 2025

This report contains public information from law enforcement and public safety agencies.

The Norwegian Bliss arrives in Juneau on Monday, April 14, 2025. (Jasz Garrett / Juneau Empire file photo)
Ships in port for the week of July 16

This information comes from the Cruise Line Agencies of Alaska’s 2025 schedule.… Continue reading

A male sea otter pup, estimated at 2 weeks old, was rescued near Homer and admitted to the Alaska SeaLife Center rehabilitation program on June 23, 2025, in Seward, Alaska. Photo courtesy of the Alaska SeaLife Center
Seward’s SeaLife Center admits 2 seal pups, 1 orphaned otter

The three pups join the Alaska SeaLife Center’s ‘growing’ patient list

Alaska Seaplane pilot Vance Tilley stands in front of the Piatus PC-12 in Klawock on June 23 during the inaugural trip of the new service between Juneau, Ketchikan and Klawock. (Photos by Gemini Waltz Media/courtesy Alaska Seaplane)
New Juneau-Ketchikan nonstop flight service launches

The flight leaves Juneau at 3:45 p.m., and the trip lasts 1 hour 25 minutes

Most Read