A change of leadership is coming for the Alaska Railroad, since President and CEO Chris Aadnesen has announced he won’t extend his three-year contract, which expires in September.
Aadnesen has remained positive about the company, despite pressing financial concerns. During a recent trip to Kenai, he described several ways the railroad is replacing revenue lost from slumps in coal and mining…
Aadnesen: “Well, it’s been a tough time. We’ve had to take 300 jobs off since 2008, which is tough on a company our size, which isn’t really that big, but there’s light at the end of the tunnel.”
Aadnesen said the railroad was improving its position with the help of state funding, real estate opportunities and some expanded passenger services. He will stay through November to help with the transition.
The Board hasn’t yet confirmed how they will seek to replace their President.