By Brandon Moseley
Alabama Political Reporter
On Tuesday Lieutenant Governor Kay Ivey announced that she has appointed Guice Slawson, Jr. to the Alabama Trust Fund Board.
Lieutenant Governor Ivey said, “Mr. Slawson’s commitment to our country and pro-business principles make him the right fit for the important job of serving on the Alabama Trust Fund Board. I am confident he will serve the board well as a good steward of this valuable state resource to ensure its growth and continuation for the benefit of the people of Alabama.”
Slawson is Vice President of Administration of Southeast Wood Treating, Inc. currently serves as Chairman on the Board of Directors for Farmers Exchange Bank in Louisville, Alabama. Slawson’s term will expire on September 30, 2019 and still has to be confirmed by the State Senate.
Slawson is a 1984 graduate from the University of Alabama in 1984, earned a Master of Business Administration from Samford University and served six years in the U.S. Navy as a Naval Flight Officer.
Slawson is a member of the Board of Directors at Trinity Presbyterian School and Montgomery Christian School and is a Deacon at Trinity Presbyterian Church. Mr. Slawson and his wife Leah reside in Montgomery and have two children, Chip (19) and Mary Augusta (16).
Mr. Slawson replaces Mr. Bill Slaughter, of Birmingham. The Alabama Trust Fund is a $2.5 billion fund established in 1985 from offshore oil and gas royalties. The nine member board is chaired by Governor Robert Bentley (R). The board appoint fund managers to invest the money in stocks and bonds. The Interest off the fund helps fund the Alabama general fund. Voters approved a raid of almost $450 million from the fund in September 2012. The raid of the fund’s principal is being used to prop up sagging general fund revenues in hopes that an improving future economy will improve revenues for the General Fund which funds non-education functions of state government.