Board of Directors

The powers of the Bond Bank are vested in the Board of Directors consisting of three public members appointed by the Governor, the Commissioner of Revenue, and the Commissioner of Community and Economic Development, or their delegates.

Mark Pfeffer - Chair

Mr. Pfeffer was appointed October 10, 2001. He is CEO of Pfeffer Development, a commercial real estate development firm in Alaska. Mr. Pfeffer is also CEO of Conrac Solutions Project Delivery, a rental car facility developer delivering projects across the country. He has completed more than $800 million in projects spanning over 4.2 million square feet throughout the United States. Mr. Pfeffer's experience includes delivery of both private sector and public-private projects. He is an expert in financing, design-build construction, real estate analysis and real estate acquisition. Mr. Pfeffer earned a Bachelor of Science degree in Architecture from the University of Nebraska.

Luke Welles - Member

Mr. Welles was appointed on May 21, 2008. Mr. Welles became Vice President of Finance of the Arctic Slope Native Association, Ltd. in March 2011.  Prior to this position, Mr. Welles served as Chief Financial Officer of LifeMed Alaska, LLC which provides medivac services in Alaska.  Previously, Mr. Welles was the Chief Financial Officer for the Yukon Kuskokwim Healthcare Corporation which administers healthcare in 52 rural communities including a hospital located in Bethel, Alaska.  He has management experience in healthcare, civil construction, and commercial real estate. Over the past 17 years he has served on several economic development commissions in the State, a city council in Homer, Alaska and multiple boards. Mr. Welles received a Bachelor of Arts in Foreign Service and International Business from Baylor University in 1989.

Gregory Gursey - Vice Chair

Mr. Gursey was appointed on June 22, 2009. Mr. Gursey became President of Benefit Brokers, Inc in 2001, after working as Vice President of Investments for Wedbush Morgan Securities for 11 years. Mr. Gursey also serves as a FINRA industry arbitrator in both civil and industry arbitration cases. After graduating from the University of Alaska Anchorage with a degree in finance, Mr. Gursey became involved with the University of Alaska Foundation. He served as the first Chairman of the UAA College of Fellows, served as a Trustee to the UA Foundation, and was a member of the Investment Committee to the UA Foundation. Mr. Gursey has served on the U.S. Treasury's Taxpayer Advocacy Panel, State of Alaska's Dental Examiner's Board, the Investment Commission for the Municipality of Anchorage, as well as numerous other boards.

Pamela Leary - Delegate for the Department of Revenue

Ms. Leary is the first delegate for Randy Hoffbeck, Commissioner of the Department of Revenue.  She is the Director of Treasury Division in the Department of Revenue and acts as the State Treasurer.  She previously served in the Department as State Comptroller from 2007 through 2013.  Ms. Leary began her career as an auditor with Price Waterhouse and became a partner in the firm PricewaterhouseCoopers. After moving to Alaska, Leary owned and operated a business before reentering the accounting profession with the Alaska Permanent Fund Corporation. She holds a bachelor’s degree in economics from the Wharton School, University of Pennsylvania, and is a certified public accountant in the State of Alaska.

Michael Lamb - Delegate for the Department of Commerce, Community, and Economic Development

Mr. Lamb is the first delegate for Chris Hladick, Commissioner of the Department of Commerce, Community and Economic Development. Mr. Lamb has served as the chief financial officer for the Alaska Industrial Development and Export Authority (AIDEA) and the Alaska Energy Authority (AEA) for the last three years. Prior to that, for almost 15 years, Mr. Lamb was the chief financial officer for the Fairbanks North Star Borough.  For almost 9 years, prior to the Borough, Michael was the chief financial officer for the City of St. Paul, Alaska.  Mr. Lamb is a Certified Public Accountant (CPA), a Certified Government Financial Manager (CGFM) and a Chartered Global Management Accountant (CGMA). He has over 25 years’ experience as a chief financial officer and has worked in private, public, and governmental financial management positions.  He currently serves on the board, and is President, of the Alaskan Municipal League Investment Pool, and is a past president of the Alaska Government Finance Officers Association. Mr. Lamb is a graduate from the University of Washington, School of Business with a Bachelor of Arts in Business Administration, with an emphasis in accounting.