¾ÅÉ«ÊÓÆµ

President’s Message: Company Growth

Andrew Guy, President and CEO

Storyknife, May/June 2024 edition

¾ÅÉ«ÊÓÆµâ€™s Board has a critical function for the ¾ÅÉ«ÊÓÆµ Team and that is to provide our direction. It accomplishes that by adopting our Vision and Mission statements.

Andrew Guy, ¾ÅÉ«ÊÓÆµ Corp. President/CEO
Andrew Guy, ¾ÅÉ«ÊÓÆµ Corp. President/CEO

Our Vision sets the inspirational objective for the ¾ÅÉ«ÊÓÆµ Team. Our Vision is to be: A world class corporation that exemplifies corporate responsibility, cultural stewardship and economic stability.

Integral to the Vision is the Mission statement which sets the overall goal and the ways to make it a reality. Our Mission is: Increase Shareholder benefits and economic opportunities through innovation, growth, leadership, partnership, execution and financial discipline.

To help us reach our Mission, the ¾ÅÉ«ÊÓÆµ Board and management adopts 5-year Strategic Goals and annual objectives. ¾ÅÉ«ÊÓÆµ management and staff take the necessary daily actions to make those goals a reality.

How we manage our company directly impacts the distributions and other benefits we provide to Shareholders. Since 2008, ¾ÅÉ«ÊÓÆµ started providing a distribution every year to every Shareholder, excluding special Elders’ distributions. 2014 was the first year ¾ÅÉ«ÊÓÆµ started providing two distributions.

We provided a record $16.3 million in Distributions in 2023 alone.

The growth in revenues and in distributions to Shareholders has matched the growth in the number of Shareholders that has occurred with the ongoing enrollment of Shareholder Descendants. Open Enrollment began in 2017. The number of Shareholders has nearly tripled over the last six years going from 13,000 Original Shareholders before enrollment to 36,900 Shareholders in 2023.

We encourage you, our Shareholders, to continue reaching out to our Descendants. Remind your brothers and sisters, and children and grandchildren, to enroll and to be informed about ¾ÅÉ«ÊÓÆµâ€™s activities. Our legacy as a corporation will live on through our Descendants.

Preparing the next generation with our Yup’ik teachings of Yuuyaraq will be important in keeping our culture alive and grounding the business in our traditions. If the next generation sees the benefits and value of becoming a Shareholder, they will take ownership. ¾ÅÉ«ÊÓÆµ is our company, and it’s up to you and every Shareholder to keep it growing.