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 originally appointed to the Board on May 21, 2008. Mr. Welles served as the Senior Director of Business Development for the Alaska Native Tribal Health Consortium from 2019 through 2022. Prior to this position, Mr. Welles served as Vice President of Finance for the Arctic Slope Native Association, Ltd. from 2011 to 2019. Previously, he served as Chief Financial Officer of LifeMed Alaska, LLC, which provides medivac services in Alaska, and was the Chief Financial Officer for the Yukon-Kuskokwim Health Corporation. He has management experience in healthcare, civil construction, and commercial real estate. Over the past 15 years he has served on several economic development commissions in the State, as a city council member in Homer, Alaska, and on multiple boards. Mr. Welles received a Bachelor of Arts Degree in Foreign Service and International Business from Baylor University.
Kendell Koelsch - Vice-Chair
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.
Pam Leary – Delegate for the Department of Revenue
Ms. Leary is the first delegate for Janelle Earls, the Acting Commissioner of the DOR. Ms. Leary is the Director of the DOR – Treasury Division and serves as the State Treasurer. She previously served in the DOR as the State Comptroller from 2007-2013. Ms. Leary began her career as an auditor with Price Waterhouse and became a partner in the firm PricewaterhouseCoopers, LLP. After moving to Alaska, Ms. 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.
Anna Latham - Delegate for the Department of Commerce, Community, and Economic Development
Ms. Latham is the first delegate for Julie Sande, the Commissioner of the DCCED. Ms. Latham was named the Deputy Commissioner of Commerce in January of 2025. She has spent the last decade working on labor and commerce policy and has served as Special Assistant to the Commissioner of Labor, the Deputy Director of the Division of Insurance, and most recently the Deputy Legislative Director in the Office of the Governor. In her role as Deputy Commissioner, she supervises the operations of the Department’s six public-facing divisions and works closely with Department leadership on special projects and implementing policy reform. Ms. Latham also represents the Commissioner on the Alaska Student Loan Corporation Commission and State Bond Committee. She is a graduate of the University of Alaska Southeast.