CIRI Board undertakes president and CEO recruitment and transition

Succession planning is one of the most important duties of the CIRI Board of Directors. Last September, the Board began succession planning discussions after President and CEO Margie Brown's announcement of her plan to retire in early 2013, after eight years in the position.

Working with a timeline it has developed, the Board is in the process of identifying qualified candidates, both within CIRI and from outside the Company. The Board intends to evaluate candidates for the position of President and CEO carefully and to provide for a smooth and orderly transition following the selection.

CIRI shareholders who feel they meet the qualifications set out in the job description are invited to submit their names to the CIRI Board for consideration. Interested shareholders should submit a letter of interest describing his or her qualifications for the position, a current resume, a list of references and a signed authorization for release of information. This material may be submitted in one of two ways.

The letter of interest and other required materials may be hand-delivered to CIRI's office at 2525 C Street, Suite 500, Anchorage, Alaska, or mailed to:

Dr. Jeffrey Gonnason
CIRI Compensation Committee Chair
Attn: Barbara Donatelli
P.O. Box 93330
Anchorage, Alaska 99509

Alternatively, letters of interest and other required materials may be sent or hand delivered to:

Mr. Bruce Gagnon
Atkinson, Conway & Gagnon
400 L Street, Suite 500
Anchorage, Alaska 99501

Letters of interest and all other required materials must be received by the CIRI Compensation Committee Chair or by Mr. Gagnon on or before April 20, 2012.

Candidates selected by the Board for further consideration will be asked to submit writing samples and be available for one or more personal interviews.