JUNEAU (AP) -- The executive director of the Alaska Industrial Development and Export Authority has submitted his resignation.
Randy Simmons will leave the authority June 30, according to board Chairman Wilson Hughes.
AIDEA is a state agency with the mission of encouraging economic growth and diversity. The authority provides financing assistance to businesses and can own and operate facilities that assist businesses.
Simmons has worked with AIDEA since December 1996.
Hughes said Simmons played an important role in creating the authority's dividend program, which has contributed more than $91 million to the state's general fund.
Simmons led the agency through the purchase of the Juneau's Snettisham hydroelectric project, expansion of the port serving the Red Dog Mine north of Kotzebue, and construction of the Healy Clean Coal project.
Simmons also helped negotiate the sale of the Four Dam Pool hydroelectric projects this year to the communities they serve.
Before joining AIDEA, Simmons was deputy commissioner and director of management and finance for the state Department of Transportation. In the private sector, he had been employed as a tax manager by Coopers & Lybrand. He also had worked as an attorney in Anchorage and Palmer.
AIDEA's finance and legal affairs manager, Keith Laufer, will serve as acting director of the agency until a replacement is picked.
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