Sealaska Board of Directors Elect New CFO

Sealaska announced today that its board of directors unanimously elected Doug Morris as vice president and chief financial officer of the corporation, headquartered in Juneau, Alaska. “I am pleased Mr. Morris will serve in this new capacity as vice president and CFO,” said Chris E. McNeil, Jr., Sealaska president and CEO. “He is a highly respected member of our executive management team who has held senior accounting and executive positions with Sealaska and its subsidiaries since 1990. He understands Sealaska and his contribution and passion will continue to help us achieve our mission.”

“Mr. Morris has proven during his tenure, and as interim CFO, that he has the leadership, financial expertise and experience to meet Sealaska’s aggressive goals for the future.”

“Sealaska is a complex institution operating in 30 states, in commercial and federal arenas and with a large ANCSA land base,” McNeil said. “These are a few examples of Sealaska business that command accounting and financing expertise to ensure compliance with state and federal generally accepted accounting policies.”

Sealaska CFO has financial oversight responsibility for corporate and subsidiary operations and directs finance and accounting policy. The officer is responsible for financial strategic planning, cash resource management, and reporting of financial performance to Sealaska’s board of directors and executive managers. Mr. Morris will report directly to Mr. McNeil.

Prior to serving as Sealaska’s interim CFO, Mr. Morris served as Sealaska’s director of accounting and corporate controller. He has also served as accountant, controller, vice president of finance and vice president and CFO of Sealaska Timber Corporation. He holds a bachelor’s degree in business administration with a concentration in accounting from the University of Alaska, Fairbanks School of Management.

“Doug has had a long-term relationship with the board of directors and has built an impressive understanding of Sealaska and its operations through his years of service,” said Jodi Mitchell, Sealaska director and chair of the audit committee. “He will fill a challenging role in 7(i) reporting and administration, tax reporting, insurance oversight, budgeting, and strategic planning and implementation.”

“As Sealaska continues to grow I am confident that Doug’s leadership will ensure smooth transition of each of these areas of responsibility.”

Mr. Morris and his wife have three grown children. He currently serves on a board of trustees for a large nonprofit organization. He has lived in Alaska for 37 years and resides in Juneau, Alaska.

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