Angela Rodell was named executive director/CEO of the Alaska Permanent Fund Corp., Juneau, pending successful contract negotiations, said a spokeswoman for the $52 billion sovereign wealth fund on Friday.Michael Burns retired as executive director/CEO on June 1. Valerie Mertz, chief financial officer, filled in while the search for a permanent replacement took place.
Ms. Rodell is a former commissioner of the Alaska Department of Revenue and was a member of the permanent fund’s board of trustees.
Alaska Permanent also announced on Thursday that Jim Parise was named acting chief investment officer, the spokeswoman said.
Mr. Parise, the fund’s director of fixed income, replaces Jay Willoughby who is set to become CIO of The Investment Fund for Foundations on Monday.
Mr. Parise will retain his fixed-income responsibilities as acting CIO.
Once approved, a job posting for a permanent CIO will be available on the permanent fund’s website. There is no targeted posting date.