Walker appoints attorney general to Permanent Fund board

Gov. Bill Walker has appointed state attorney general Craig Richards to the Alaska Permanent Fund Corp. board.

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Craig Richards is replacing Larry Hartig, who is commissioner of Alaska’s Department of Environmental Conservation. Hartig was appointed to the board in 2009.

In a statement, Walker said he appointed Richards because of his extensive financial experience. Among other things, Walker noted that Richards practiced in the fields of public finance and project development for much of his career and that he has a Master of Business Administration from Duke University.

The corporation’s board consists of six members appointed by the governor. It sets policy for the corporation.

By law, two of the board members must be heads of principal state departments: the Revenue commissioner and another Cabinet member chosen by a governor.