CEO TALK

Legacy of Leadership

 

If 1972 had not been a bad fish year… things may have turned out differently. But as it went, the fisheries industry loss, was the utility industries gain as an energetic and youthful Bob Grimm, and his new bride Elaine took on the challenge of working for family, (Elaine’s Grampa Arthur) and ultimately 12 years later, stepping into the role of President of Alaska Power & Telephone Company.

December 31st, 2016 will mark the end of era for a man who has been at the helm of AP&T 6-times longer than what is typical for a CEO in today’s workplace. At the same time it marks the beginning of new era or leadership under the guiding hand of newly tapped CEO Michael Garrett. Garrett, a CPA, has been with the company 27 years and presently holds the position of VP/Chief Operating Officer of AP&T’s Telecom Division. He will officially step into the role of CEO at the beginning of 2017, which happens to mark the Company’s 60th Anniversary of operation.

Distilling a 44 year legacy of leadership into a bite-sized segment sized to fit this quick-hit format understates the length and breadth of the impact, dedication and passion Bob Grimm brought to his role at AP&T each and every day. But the following snapshot provides a glimpse of the enormous growth and measureable success AP&T has experienced under his guidance.

  • Selected as Small Utility CEO of the Year by Electric Light and Power Magazine in 2015.
  • Construction of 4 Clean Renewable- Energy Hydro Projects in Southeast Alaska. Three of which were certified “Environmentally Low Impact” by the Low Impact Hydro Institute.
  • Two more Renewable Small Hydro projects presently under construction.
  • Expansion of alternative energy technologies in rural Alaskan communities.
  • Strengthening of local rural economies, via reduction of costs associated with the import of fossil-fuels for generation, thereby leaving more dollars in the local economic loop.
  • Transformation of AP&T’s energy portfolio from 97% Carbon-based, to +70% Renewable-based generation.
  • Cultivation of longstanding private partnerships with Alaska’s Native corporations creating mutually-beneficial projects and opportunities for stakeholders of each.
  • Establishment of an Employee Stock Ownership Plan.
  • Helping guide AP&T to become the 4th largest Telecom provider in the State of Alaska.
  • AP&T’s assets have grown from $4M to $122M. Net Income has increased 10-fold and shareholder earnings per share have matured to 7-times what it was in 1984.

Your AP&T Family offers both their thanks and well-wishes. Well Done and Happy Trails Bob!

 

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