13 Dec, 2016, 05:04 ET
UTQIAĠVIK, Alaska, Dec. 13, 2016 /PRNewswire/ -- Arctic Slope Regional Corporation ("ASRC") is pleased to announce its strong support for Rex W. Tillerson, President-elect Donald Trump's selection for secretary of state. Trump made the announcement early this morning in a statement. If confirmed, Tillerson will be the first oil executive to lead the State Department.
"Through his work with Exxon, Tillerson has proven his business expertise in dealing with issues in the Arctic, especially Alaska's Arctic," said Rex A. Rock Sr., ASRC president and CEO. "He brings a sense of familiarity with his understanding of our region's strategic importance, as well as the vital significance of the pan-Arctic. He's lead successful projects with our doorstep neighbors Russia and Canada, and has business experience with other Arctic nations as far away as Norway. I look forward to working with Secretary Tillerson and others in the new administration in the future."
"I'm pleased to see a nominee who has the ability to have true, meaningful and candid conversations about the Arctic," added Crawford Patkotak, ASRC board chairman. "The Arctic is a region for opportunity and for peace and Tillerson brings a clear understanding of this global view. We will be watching the nomination process closely."
Tillerson started his career with Exxon in the mid-70s as an engineer, working his way up the corporate ladder to become the company's board chair and chief executive officer in 2004. His confirmation process is expected to begin in late January.
Arctic Slope Regional Corporation (ASRC) is owned by and represents the business interests of the Arctic Slope Iñupiat. ASRC was established pursuant to the Alaska Native Claims Settlement Act of 1971, an act that extinguished aboriginal land claims in Alaska, and mandated the creation of corporations to provide benefits to their people, also known as shareholders. ASRC represents the most northern and remote region in the United States, an area approximately 55,000 million acres in size. The Arctic Slope region lies above the Arctic Circle, where a gallon of milk on average costs more than $7.00. The corporation has approximately 13,000 Iñupiat Eskimo shareholders. Corporate headquarters are based in Utqiaġvik, Alaska (formerly known as Barrow, Alaska), with administrative and subsidiary offices located in Anchorage and throughout the United States. ASRC is the largest Alaskan-owned company, employing approximately 12,000 people worldwide. The company has six major business segments: petroleum refining and marketing, energy support services, industrial services, construction, government services and resource development.
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