Dear MTNT Shareholders,

I am incredibly grateful for the trust the Board of Directors has placed in me, and I am excited to contribute to the mission of the corporation.

I’ve spent my first two months as CEO focused on learning – about the MTNT team, the businesses we operate, our customers, our Shareholders and the communities we serve.  I continue to be impressed by the dedication and professionalism of our employees.  Our team in McGrath works tirelessly to keep the lights on across the community; our staff in Atlanta continues to earn the trust of the Center for Disease Control through a range of maintenance and construction projects; and our ongoing service and construction work in Washington, Kansas, and even Africa demonstrates the breadth and capability of our corporation.

Many have heard about increased scrutiny in federal contracting, particularly related to Small Business Administration programs such as the 8(a) program. This program has been instrumental to the success of MTNT and many other Alaska Native Corporations in delivering economic benefits to Shareholders. Fortunately, our team has been diligent and responsive: maintaining compliance requirements and seeking diverse contract opportunities to maintain MTNT’s performance for the future.  The leadership team is engaged in focused strategic planning to ensure we continue building a strong, enduring value proposition. The collaboration and teamwork happening across our corporation – and across many time zones – is truly impressive. 

Late last year, two long-term employees of McGrath Light & Power retired.  Arnold Andrews and Lucky Egrass served not only ML&P, but the entire community, for a combined 45 years.  We are grateful for their steadfast commitment to the corporation and for the mentorship they provided the team that will carry forward the responsibility of delivering reliable power in McGrath.

I am placing an emphasis on establishing a culture of growth and development across the corporation. One of the highlights of my early tenure was to have my first Shareholder engagement experience centered on the MTNT Foundation’s mission of awarding scholarships to Shareholders pursuing education and career advancement.  It is inspiring to see the corporation’s success being reinvested in the next generation! 

I also had the opportunity to meet a few Shareholders on my first visit to the region in late February.  I enjoyed learning more about the community and history of McGrath during a beautiful winter visit.  I look forward to meeting and engaging with many of you in the future, as we continue building a corporation that reflects the strength, resilience, and values of the communities we serve.

Sincerely,

Richard Marshall