Business Digest

Staff reports

Posted: Monday, December 20, 2004

Alaskan sells out of its seasonal ale

JUNEAU - Juneau-based Alaskan Brew Crew has depleted its 2004 stocks of Alaskan Winter Ale.

"Due to unprecedented consumer demand, we have run out and will not be brewing more this season," Alaskan Director of Marketing and Sales Fred Hees said. "We brewed 12 percent more and it sold out." He said all that is left is what is already on store shelves.

The brewing company produces Alaskan Amber, Pale ESB and Stout year-round, in addition to its line of seasonal beers. It distributes its product throughout Alaska, Washington, Oregon, Idaho, Montana, Wyoming, California and Nevada. It will expand into Arizona at the end of the month.

The brewery uses the fresh new growth from Sitka spruce to impart a floral aroma, and the tips are only harvested in the spring. According to the company, the practice of adding spruce to beer goes back to Capt. James Cook, who directed beer to be brewed with spruce to prevent vitamin C deficiency among his crew during his exploration of Alaska in the late 1700s.

"We have bumped up the production date for our Alaskan Summer Ale for the southwestern desert states, so there will still be a seasonal beer available in late February," Hees said

Trust names new chairwoman

JUNEAU - With the death in Anchorage last week of Ruth Willard, who chaired the Kootznoowoo Permanent Fund Settlement Trust, the board has named a new chairwoman.

Jodi Mitchell, chief financial officer of the Auke Bay-based Inside Electric Cooperative, has been named to chair the trust formed in 1994 by the Kootznoowoo Board of Directors.

Willard, who also had been a director of the Native corporation from 1982 to 1991, had chaired the trust since 2000. The trust began in the form of a balanced fund with assets exceeding $11 million.

According to Mitchell, under Willard's leadership the Kootznoowoo Permanent Fund investment policy was evaluated and enhanced to maximize performance while allowing regular distributions to its 900 holders. She also noted that administration costs were substantially reduced in both 2002 and 2003.

"Ruth Willard worked tirelessly to ensure the Kootznoowoo unit holders could be confident that their fund was managed prudently and that the costs of doing so were minimal," Mitchell said. "The wisdom and integrity she brought to the trust board will be especially missed."



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