| In 1971, Congress significantly departed from its established federal Indian policy by enacting the Alaska Native Claims Settlement Act (ANCSA). Instead of the reservation system, used extensively in other parts of the United States, a system of corporate ownership of assets was developed to ensure long-term profitability and financial independence for Alaska Natives. Chugach Alaska Corporation (CAC) was formed in 1972 as an ANCSA Corporation. A nine member Board of Directors, elected from more than 2,200 shareholders, directs CAC’s management team. The Board, all of whom are Alaska Natives, selects the President and is assisted by an experienced and qualified managerial staff with responsibilities for the day-to-day operations of CAC and its subsidiaries and joint ventures.
CAC’s
corporate offices are located in Anchorage, AK. In 2007, CAC ranked
2nd in Alaska Business Monthly’s Magazine of Top 49ers –
a ranking of the top Alaskan-owned and operated businesses. CAC
currently targets the following areas of business interests - base
operating services, educational services, construction services,
environmental services, information technology, telecommunications,
and full-service employment services. CAC management strongly believes
that these special disciplines provide healthy opportunities for
shareholder hire and is committed to maximizing those opportunities
through the parent company and its active subsidiaries. |
