New head of Alaska gasline group will earn $550,000 salary, not including bonus

The Alaska Gasline Development Corporation (AGDC) announced the selection of Keith M. Meyer as its new president on Thursday.

Meyer’s first day will be next Wednesday. His base salary is $550,000 and Meyer is eligible to earn an additional $200,000 performance bonus if he meets objectives, according to Miles Baker, vice president of external affairs and government relations

Meyers replaces Dan Fauske, who resigned in December.

Fauske’s salary was $366,000, according to Baker.

Meyer has more than 35 years of industry experience, including 15 years focused on liquefied natural gas (LNG) initiatives, according to an AGDC news release.

"It's exciting to have somebody on with his credentials, his background. It's great to finally have somebody on the team that's actually built gas pipelines before," said Gov. Bill Walker.

"He's absolutely worth the money. There's no question about that. He's uniquely qualified," the governor said.

Meyer spent the last several months working under contract with AGDC. He joins the state-owned corporation from LNG America, an energy logistics company he founded in 2008.

AGDC is trying to get a North Slope natural gas pipeline and LNG project constructed to secure a long-term energy supply for Alaskans. The corporation owns a 25 percent interest in the Alaska LNG export project along with ExxonMobil, BP and ConocoPhillips.