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. The Board Members are:

Mark Pfeffer - Chair
Mr. Pfeffer was appointed October 10, 2001, his current term expires July 15, 2013. Mr. Pfeffer is a registered architect who has owned and led an architectural practice in Alaska for over 20 years. He is active in the development, design and management of commercial real estate projects, many of which include public/private partnerships. He is a partner in the firms Koonce Pfeffer Bettis, Inc. and Venture Development Group, LLC Mr. Pfeffer received a Bachelor of Architecture Degree from the University of Nebraska in 1980.

Luke Welles - Vice Chair

Mr. Welles was appointed on May 16, 2008.  Mr. Welles is 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 - Member

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.  Benefit Brokers has been providing investment advisory services to clients for over 30 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, currently is a member of the Investment Committee and serves as a Trustee 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.  Mr. Gursey received the "UAA Alumnus of the Year Award", the "Mayor's Award for Public Service", the Anchorage Chamber of Commerce, "Top Forty under 40 Award", and most recently the "President's Volunteer Service Award" by President George W. Bush.  He has been a resident of Alaska since 1983.

Jerry Burnett-Member
Mr. Burnett is the first delegate for Patrick S. Galvin, Commissioner of the Department of Revenue.

Deputy Commissioner Jerry Burnett was appointed to this position in January 2009 after having served as the Acting Deputy Commissioner for the preceding five months and Administrative Services Director and Legislative Liaison for the Department of Revenue for the previous four years.  Other state service includes two years as Administrative Services Director at the Department of Corrections and twelve years as Finance Committee and Budget and Audit Committee staff to the Legislature.   Outside of state service, Mr. Burnett worked as a Real Estate Broker and Life and Health Insurance Agent and was an adjunct professor of business at the University of Alaska Southeast between 1983 and 2002.

Greg Winegar-Member
Mr. Winegar is the first delegate for Emil Notti, Commissioner of Commerce, Community and Economic Development. Mr. Winegar was appointed Director of the Division of Investments on May 22, 2000. This Division administers various direct lending programs for the State and services loans for other State agencies, representing approximately 3,500 accounts totaling $250 million. Prior to his appointment as Director, Mr. Winegar served as the Division of Investment's Lending Branch Manager for 21 years. Mr. Winegar received his Bachelor's degree from the Evergreen State College in 1973. In 1974, he accepted a position with the predecessor to the Department of Community and Economic Development as a Clerk Typist III and was promoted several times over the next five years. In addition to his work as Lending Branch Manager, he also served as a Loan Officer for the Department for five years where his responsibilities included credit analysis and recommendations for commercial, multi-family, residential and consumer loan requests.