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Alaska Railroad Board offers thanks to President Gamble

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On behalf of the Alaska Railroad Corporation Board of Directors, ARRC Board Chairman John Binkley expressed congratulations to ARRC President & CEO Patrick Gamble on his selection as the new University of Alaska president. "He is deserving of the trust that the university regents have placed in Pat's leadership, management and familiarity with Alaskan issues," said Binkley.  

"The
Alaska Railroad has benefited from Pat’s executive experience and superb
leadership. His guidance has been integral to the railroad’s steady growth and
success. He continued the momentum on an aggressive capital program, and in
fact oversaw the railroad’s first sale of revenue bonds as a means to
accelerate infrastructure improvements," said Binkley. "As a result, the railroad’s
assets tripled in the last nine years, growing from $252 million at the
beginning of 2001 to $863 million at the end of 2009. Net earnings more than
doubled over the same period."

"Pat
Gamble has long had a passion for higher education," Binkley continued. "In
fact, he has been a staunch supporter of continuing education here at the railroad.
Our in-house training programs have developed significantly during Pat’s tenure
and we are reaping the rewards of a better equipped and skilled workforce." 

"We
would like to thank Pat Gamble for nine years of service," said Binkley. "Pat
will undoubtedly be an equally excellent asset to the university. We wish him
well in his new position as he continues to serve the people of Alaska."

The
Alaska Railroad Board of Directors will meet March 25 to discuss how to proceed
with recruiting and selecting a new President and CEO.

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