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.

Luke Welles - Chair

Mr. Welles was appointed on May 21, 2008. Mr. Welles is the Senior Director of Business Development & Strategic Partnerships for the Alaska Native Tribal Health Consortium.  Prior to this position, Mr. Welles served as Vice President of Finance for the Arctic Slope Native Association.  Mr. Welles has also served as Chief Financial Officer for LifeMed Alaska LLC, which provides medivac services in Alaska, and the Chief Financial Officer for the Yukon-Kuskokwim Healthcare Corporation. He has management experience in healthcare, civil construction, and commercial real estate. 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.

Bruce Tangeman - Vice-Chair

Mr. Tangeman was appointed to the Board on May 28, 2020. Mr. Tangeman most recently served as the Commissioner of the Department of Revenue under Governor Michael Dunleavy. Prior to that, he served as Policy Director for the Senate Majority during the 2017/2018 sessions. Mr. Tangeman also served as Vice President and Chief Financial Officer for the Alaska Gasline Development Corporation, as Deputy Commissioner for the Department of Revenue, as Chief Financial Officer for Doyon Utilities, and as Corporate Budget Officer for the Alaska Railroad. He has served on many boards and commissions throughout his career, including the Alaska Permanent Fund Board, the Alaska Housing Finance Corporation Board, and the Alaska Retirement Management Board. Mr. Tangeman received a Bachelor of Science Degree in Public Finance and Double Minors in Economics and Management from Indiana University.  

Mike Barnhill - Delegate for the Department of Revenue

Mr. Barnhill is the first delegate for Lucinda Mahoney, Commissioner of the Department of Revenue ('DOR'). Mr. Barnhill was named Acting Commissioner of the DOR in December 2019 and was named the Deputy Commissioner of the DOR in February 2020. He most recently served as the Director of Policy in the Office of Management and Budget. He previously served in the DOR as an Investment Officer and Deputy Commissioner, in the Department of Administration as Deputy Commissioner, and in the Department of Law as an Assistant Attorney General. Mr. Barnhill is a graduate of Cornell Law School, where he was editor of the Cornell International Law Journal, and he earned his undergraduate degree in religious studies from the College of Wooster.

John Springsteen - Delegate for the Department of Commerce, Community, and Economic Development

Mr. Springsteen is the first delegate for Julie Anderson, Commissioner of the Department of Commerce, Community, and Economic Development ('DCCED'). Mr. Springsteen is the Deputy Commissioner in DCCED, and began his working career as an environmental engineer. He has served as an economic advisor to multi-national corporations, a management consultant to industrial and high-tech companies, and as Chief Financial Officer of a U.S. publicly traded natural gas exploration company. More recently, he was COO at the Alaska Industrial Development and Export Authority (AIDEA) where he worked in project finance and industrial infrastructure investment. Deputy Commissioner Springsteen received his undergraduate degree in Civil Engineering from the Massachusetts Institute of Technology and holds a Master of Business Administration (MBA) from the Kellogg Graduate School of Management, Northwestern University.

Kendell Koelsch - Member

Mr. Koelsch was appointed to the Board on May 28, 2020. He is currently a member of Juneau’s Economic Stabilization Task Force. He served as Mayor of the City and Borough of Juneau from 2016 to 2018. Prior to that, he was Deputy Mayor from 2001 to 2003 and a Borough Assembly member from 1997 to 2001. His work experience also includes United States Customs Inspector and Port Director from 1980 to 2003 and Port Director and founding member of Customs and Border Protection, United States Department of Homeland Security from 2003 to 2014. Mr. Koelsch also taught English, history, and government at Juneau-Douglas high school from 1968 to 1996. He has a Bachelor of Arts Degree from Michigan State University, a Master of Arts in Teaching from the University of Alaska Fairbanks, and a Masters in Administration from the University of Alaska Southeast Juneau.