Sealaska Chief,147 Loescher leaving Sealaska

Posted: Tuesday, January 30, 2001

JUNEAU (AP) -- Sealaska President and Chief Executive Officer Robert Loescher resigned without explanation Monday.

Loescher referred questions about his resignation to corporate spokesperson Ross Soboleff, who wouldn't give a reason for the resignation.

The corporation's board of directors appointed an interim executive team to oversee operations until Loescher's replacement is chosen.

Loescher has been head of the Juneau-based regional Native corporation since September 1997 and began his career with the company in 1978.

The company has reported its 2000 year-end results will show its first loss in years. In 1999, Sealaska reported a net income of $10 million. Last year, it paid $8 million in dividends to its 16,000 shareholders, down from $9.4 million in 1999.

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