Chugach shareholder Peter Andersen was promoted to Chugach Commercial Holdings (CCH) President, after joining CCH as Vice President of Operations in January of 2018. He will continue to focus on bringing stable, enduring growth to Chugach’s commercial businesses, including Heide & Cook, Rex Electric & Technologies, Chugach Alaska Services and All American Oilfield.
Angela Astle, who has served as Interim President of Chugach Investment Holdings (CIH) since November 2019, was appointed President of CIH. In the role, Astle will focus on optimizing financial returns through Chugach’s portfolio of private equity and real estate investments. She will continue to serve as Chugach’s Executive Vice President and Chief Financial Officer (CFO).
The appointment of these two current Chugach leaders to new positions is a continuation of the transition process that has been underway since the Board adopted its new leadership organizational structure last year.
“I am pleased to see such capable and talented leaders continue to rise within the ranks of Chugach’s executive team,” said Daniel Fenza, President & Chief Operating Officer (COO) of Chugach. “Both Peter and Angie have excelled in these roles over the past several years, and bring outstanding achievements and a depth of experience from which our customers, employees and shareholders will benefit greatly from.”
For more information, contact Randi Jo Gause at (907) 301-8886.
Biographies:
Peter Andersen: Andersen has more than 25 years of combined leadership and management experience, including seven years with the Chugach family of companies. Andersen has previously served as President of Chugach Alaska Services and in senior leadership positions at UIC Arctic Response Services and Alyeska Pipeline Service Company. A Chugach shareholder and lifelong Alaskan born and raised in Cordova, Alaska, Andersen spent many years as a commercial fisherman on the waters of Prince William Sound, Kodiak Island and the Bering Sea. He is also an active member of the Providence Alaska Foundation Board of Directors, with a passion for supporting the needs of at risk youth in our communities.
Angela Astle: Astle has held a variety of roles at Chugach during her 22-year tenure, and has been a key member of Chugach’s executive management team since 2010. She has more than 25 years of progressively responsible experience in accounting and finance, including serving as a senior auditor for Deloitte and Touche. Angela holds a bachelor’s degree in accounting and finance and a master’s in accounting from University of Montana. She has been a Certified Public Accountant in Alaska since 1997, a Chartered Global Management Accountant and a current member of the American Institute of Certified Public Accountants (AICPA) and Financial Executives International (FEI). In her spare time, she is an active community volunteer for organizations like the University of Montana Business School Advisory Board, the Anchorage Regional Landfill Closure and Post-Closure Fund Investment Board, Alaska Run for Women and YWCA.
About Chugach Alaska Corporation:
Established in 1972 under the Alaska Native Claims Settlement Act, Chugach Alaska Corporation exists to serve the interests of the Alaska Native people of the Chugach region with a focus on profitability, celebration of our heritage and ownership of our lands. Through responsible management of our lands, businesses and assets, we provide meaningful opportunities and benefits to our community of 2,500 shareholders. Chugach fulfills its mission through a range of investments and operating businesses that provide government, facilities and energy services.
About Chugach Commercial Holdings:
Chugach Commercial Holdings, LLC (CGS) is a holding company of Chugach, and serves a variety of commercial customers in the energy services and facilities services industries. Learn more here.
About Chugach Investment Holdings:
Chugach generates financial returns through a portfolio of private equity and real estate investments. Most of these investments are managed through a holding company, Chugach Investment Holdings (CIH). Learn more here.