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Gov. Lauds ARM Board Effort to Divest in Iran

Press Release

Location: Juneau, AK

Governor Sean Parnell today welcomed the efforts of the Alaska Retirement Management (ARM) Board to divest of companies doing business with Iran. Over the past two months, the ARM Board has divested more than $15 million in market value from companies that have Iranian business ties. That is down from $36.4 million in September.

"Iran continues to pose a significant threat to our ally Israel and the world at large as it builds its nuclear weapons capability," Governor Parnell said. "Alaskans can be proud of the ARM Board for taking a measured and responsible stance that acknowledges the significant financial risk of investing in Iran."

The ARM Board identified eight companies currently doing business with Iran that are also invested in the state's retirement systems.

Citing the increased risks associated with companies doing business in Iran, the ARM Board in September unanimously passed a resolution calling for the divestiture of such holdings.

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