BUILDING THE FOUNDATION OF CIRI

A Look at Those who have Led CIRI to Success
CIRI's strong foundation has been built and reinforced by its leaders. The following is a brief look at the four presidents who have led CIRI to be the successful corporation it is today.

George Miller, Jr.
George Miller, Jr. was the first president of CIRI in 1972. In that capacity, Miller received the first funds distributed to the corporation by the U.S. Department of Interior under the Alaska Native Claims Settlement Act. He stepped aside in 1973 and returned to his home community of Kenai to serve as president of the Kenai Natives Association, the corporation created under ANCSA to represent the Native people of Kenai. He held that position until 1986.

Roy Huhndorf, former CIRI president and former CIRI chairman, believes Miller's most significant contribution to CIRI may have come before the passage of ANCSA when Miller lobbied for an equal share in the settlement for urban Natives of the Cook Inlet region.

"There was a lot of argument that people living here were not Indians anymore and that they were integrated into Western society. So why would you recognize them?" Huhndorf said. "George had a fiery and forceful personality and without that personality I don't think this region would have fared as well."

Miller was born May 26, 1919, near Kenai and died Oct. 23, 1996, in Soldotna.

Ralph Andrew "Andy" Johnson
Ralph Andrew "Andy" Johnson was elected the second president of CIRI in 1973. During his tenure, Johnson worked two days a week at CIRI while still employed by Chugach Electric Association. While president, Johnson was instrumental in beginning to shape CIRI into a business corporation. He also was instrumental in beginning negotiations with the state and federal governments for CIRI land entitlements. His professional career also included 20 years as an electrical engineer for Chugach Electric as well as a variety of other engineering positions.

In addition to his involvement with CIRI, Johnson was a past president of the Salamatof Native Association, Inc., the village corporation created under ANCSA, and he was active in promoting subsistence rights and sovereignty for Alaska Natives.

Johnson was born in St. Michael in western Alaska on Sept. 1, 1914, and died May 3, 1992, in Seattle, Wash.

Roy M. Huhndorf
Roy M. Huhndorf was elected CIRI's third president in 1975, and he served in that position until 1995. He served as chairman of the CIRI board from 1996 to 1998, when he was named chairman emeritus.

Under Huhndorf's leadership, CIRI's assets grew from $34 million to $600 million, making CIRI one of Alaska's largest companies, with investments throughout the United States in real estate, tourism and telecommunications. These investments have provided quarterly dividends to CIRI shareholders since 1980, as well as employment opportunities, scholarships and other social enhancement benefits. Educational services to shareholders were enhanced through the establishment of The CIRI Foundation in 1982, which today has an endowment of more than $44 million.

Huhndorf became a statewide leader during his tenure at the helm of CIRI and has received numerous honors. Besides bringing CIRI into the forefront as a leading business in Alaska and nationally, Huhndorf's vision led to the creation of the Alaska Native Justice Center, the Alaska Native Heritage Center, Koahnic Broadcast Corp. and other entities serving all Alaska Natives and non-Natives as well.

Huhndorf, a Yup'ik Eskimo, was born May 5, 1940, in the Alaska Interior village of Nulato. He lived in the village until his family moved to Anchorage when he was in high school.

Carl H. Marrs
Carl H. Marrs, current president and chief executive officer of CIRI, was elected CIRI's fourth president in 1995.

Marrs began his career with CIRI in 1973. Under his leadership, CIRI has experienced significant growth, and since he became president CIRI's assets have grown from $600 million to $1.2 billion. With extensive experience in the company in many areas, Marrs has grown with CIRI and uses the knowledge he has gained in making critical decisions about future directions. He is committed to keeping shareholders informed and has significantly broadened outreach efforts with a major emphasis on education.

Under Marrs' leadership, a special distribution of $314 million was made to CIRI shareholders in 2000, followed by a distribution of $94.3 million in 2001. Marrs has also focused a great deal of his energy on making sure CIRI contributes substantially to the Alaska Native community, as well as to Anchorage and Alaska as a whole. Under Marrs, CIRI has become a philanthropic leader in Alaska.

Marrs has received numerous honors and awards. He was the recipient of the 2001 William A. Egan Outstanding Alaskan Award from the Alaska State Chamber of Commerce, and he was named the Alaska Federation of Natives Citizen of the Year in October.

Marrs has also become a statewide leader, serving in many capacities ranging from heading up the United Way campaign for Anchorage in 1999 to serving on the Governor's Subsistence Leadership Summit. He has encouraged the development of the Association of ANCSA Regional Corporation Presidents/CEOs and serves as its president.

A Timeline of Success

1971

Dec. 18, 1971 Alaska Native Claims Settlement Act passes

Jan. 26, 1972 George Miller, Jr. becomes president

July 1, 1972 CIRI incorporates

April 19, 1973 Ralph Andrew "Andy" Johnson becomes president

March 28, 1974 First payment to shareholders from Alaska Native Fund

April 25, 1974 First annual meeting of shareholders held

May 24, 1975 Roy Huhndorf becomes president

March 11,1976 Cook Inlet Land Exchange passed

May 1, 1976 CIRI building plans announced

Jan. 15, 1979 First Major land Conveyance

March 17, 1980 First dividend paid

1981

June 29, 1982 7(i) resources revenue sharing pact signed

Oct. 19, 1985 First CIRI Friendship Potlatch held

Oct. 22, 1986 NOL sale legislation

Feb. 3, 1988 1991 ANCSA amendments passed

1991

April 8, 1994 In an advisory ballot vote, shareholders want CIRI to remain Native-owned and controlled

Jan. 1 1995 Carl Marrs becomes president

April 3, 1998 Special shareholder vote maintains CIRI stock restrictions

Feb. 25, 2000 Elders' Program established

Dec. 28, 2000 Record special distribution of $314 million paid to shareholders

2001

May 18, 2001 Second special dividend of $94.3 million paid to shareholders

 

CIRI Made the Most of its Seed Money from ANCSA

The Alaska Native Claims Settlement Act called for creation of the Alaska Native Fund, which totaled $962.5 million. If the act had been solely a monetary settlement distributed to enrolled Alaska Natives, each individual would have received a total of about $12,000. Instead, it called for an ongoing settlement, whereby the fund provided seed money to establish the regional and village corporations, as well as provided cash to shareholders.

The Alaska Native Fund monies were distributed to the regional corporations on a per-capita basis based on enrollment figures as of Sept. 30, 1980. CIRI's share of the enrollment was 7.9 percent.

The money received from the fund had to be distributed in accordance with stipulations contained in ANCSA. Portions were distributed to shareholders, as well as the region's village corporations, with the remainder retained by the regional corporation to set up corporate operations. After making the distributions to shareholders and village corporations, required by ANCSA, CIRI retained about $34 million in Alaska Native Fund distributions.

From CIRIıs original entitlement of $34 million in cash plus land selection rights under ANCSA, the company has grown shareholder equity to $882 million at the end of 2000.

That achievement comes even after the payment of substantial dividends to shareholders. Over the years, CIRI has been able to increase its dividend distribution to shareholders while at the same time continuing to invest sufficient capital in the company to continuously build the overall value of each shareholderıs stock. After distribution of the 2001 third quarter dividend, CIRI will have paid out, since inception, approximately $727.7 million. In other words, at-large CIRI shareholders owning 100 shares have each received $116,004 since enrollment.

Much of the ANCSA anniversary special section is information compiled by CIRI Historian Alexandra (AJ) McClanahan and CIRI shareholder and researcher Charmaine Forbes. McClanahan is currently working on a book about the history of the Alaska Native Claims Settlement Act. She received the 2001 Alaska Federation of Natives Denali Award.

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