Edition:
United States

Hawaiian Electric Industries Inc (HE.N)

HE.N on New York Stock Exchange

32.42USD
9 Dec 2016
Change (% chg)

$0.06 (+0.19%)
Prev Close
$32.36
Open
$32.37
Day's High
$32.48
Day's Low
$32.00
Volume
178,372
Avg. Vol
193,730
52-wk High
$34.98
52-wk Low
$27.34

Summary

Name Age Since Current Position

Jeffrey Watanabe

73 2006 Non-Executive Independent Chairman of the Board

Constance Lau

64 2006 President, Chief Executive Officer, Director

Alan Oshima

68 2014 President, Chief Executive Officer

James Ajello

62 2013 Chief Financial Officer, Executive Vice President

Richard Wacker

53 2010 President, Chief Executive Officer, Director of American Savings Bank, F.S.B.

Chester Richardson

67 2011 Chief Administrative Officer, Executive Vice President, General Counsel, Secretary

Thomas Fargo

67 2005 Independent Director

Peggy Fowler

64 2011 Independent Director

Keith Russell

70 2011 Independent Director

James Scott

64 1995 Independent Director

Kelvin Taketa

61 1993 Independent Director

Barry Taniguchi

68 2004 Independent Director

Biographies

Name Description

Jeffrey Watanabe

Mr. Jeffrey N. Watanabe serves as Non-Executive Independent Chairman of the Board of the Company. He was Managing Partner, Watanabe Ing & Komeiji LLP, 1972-2007; Director since 2003 and Compensation and Corporate Governance Committee Member, Alexander & Baldwin, Inc.; Director since 1988 and Audit and Executive Committee Member, American Savings Bank, F.S.B. (HEI subsidiary) and Director, Hawaiian Electric Company, Inc. (HEI subsidiary), from 1999-2006 and since 2008. He has experience with strategic planning from providing strategic counsel to local business clients and prospective investors from the continental United States and the Asia Pacific region for 25 years of his law practice.

Constance Lau

Ms. Constance H. Lau serves as President, Chief Executive Officer, Director of the Company. Ms. Lau has extensive senior management experience and thorough knowledge of the Company's operations. Prior to becoming CEO, Ms. Lau served in various leadership capacities that have spanned several functions across HEI and its subsidiaries, including the legal, financial and executive management functions. Over her more than 30 years of service to HEI and its subsidiaries, Ms. Lau acquired significant experience and expertise with respect to the utility and banking industries. Further, having been exposed to virtually all aspects of HEI's operations at the holding company and at both operating subsidiaries, Ms. Lau brings a unique and comprehensive perspective to the Board. Ms. Lau's expertise and leadership stature have been recognized nationally, leading her to be named by President Obama to chair the National Infrastructure Advisory Council, and to the boards of leading national utility industry organizations. As a result, Ms. Lau brings to the Board a national perspective, as well as valuable insights regarding physical and cyber infrastructure security.

Alan Oshima

Mr. Alan M. Oshima is President, Chief Executive Officer of the Company, Mr. Oshima served as HEI Executive Vice President, Corporate and Community Advancement. Effective May 19, 2014 and up to his appointment as Hawaiian Electric President and CEO, Mr. Oshima served as a senior Hawaiian Electric executive officer on loan from HEI.

James Ajello

Mr. James A. Ajello serves as Chief Financial Officer, Executive Vice President of the Company. Mr. Ajello joined HEI after eight years at Reliant Energy in Houston, Texas, where he was most recently Senior Vice President-Business Development, Reliant's effort to expand and grow competitive electricity markets across the United States. Ajello joined Reliant following deregulation of Texas's electric markets, and as President of Reliant Energy Solutions LLC and Senior Vice President and General Manager of Commercial & Industrial Marketing, led the development and operations of a new line of business that provides integrated energy solutions to commercial and industrial customers in seven states. Mr. Ajello holds a bachelor's degree from the State University of New York and a master's degree in public administration from Syracuse University. He is also a graduate of the Advanced Management Program of the European Institute of Business Administration (INSEAD) in Fontainebleau, France.

Richard Wacker

Mr. Richard F. Wacker serves as President, Chief Executive Officer, Director of American Savings Bank, F.S.B., a subsidiary of Hawaiian Electric Industries Inc. Prior to joining the Company, he served in Korea Exchange Bank, Chairman, 4/09 to 11/10 and Korea Exchange Bank, Chairman and Chief Executive Officer, 4/07 to 3/09.

Chester Richardson

Mr. Chester A. Richardson serves as Chief Administrative Officer, Executive Vice President, General Counsel, Secretary of the Company. He was Vice President, General Counsel of the company since August 6, 2007 to December 2008. He is currently deputy general counsel for Alliant Energy. Prior to that, he spent many years of his career in Hawaii, starting with the Army's Judge Advocate General Corps at Schofield Barracks, followed by the law firm of Case, Kay & Lynch, and then at Amfac where he rose to general counsel. He followed Amfac's acquirer, JMB, to the mainland. He holds a bachelor of science degree in engineering from West Point, a masters in business administration from Northwestern University, and a juris doctorate from Georgetown University.

Thomas Fargo

Admiral Thomas B. Fargo serves as an Independent Director of the Company. He has been Operating Executive Board Member, J.F. Lehman & Company (private equity firm), since 2008; Owner, Fargo Associates, LLC (defense and homeland/national security consultancy), since 2005; Chief Executive Officer, Hawaii Superferry, Inc. (interisland ferry), 2008-2009; President, Trex Enterprises Corporation (defense research and development firm), 2005-2008; Commander, U.S. Pacific Command, 2002-2005; Chairman of the Board and Compensation and Governance Committee Member, Huntington Ingalls Industries, Inc., since 2011; Director, Alexander & Baldwin, Inc., since 2011; Director, Northrop Grumman Corporation, 2008-2011; Director, Hawaiian Holdings, Inc., 2005-2008; Director, Hawaiian Electric Company, Inc. (HEI subsidiary), since 2005. He has experience with corporate governance, including audit, compensation and governance committees, from service on several public and private company boards.

Peggy Fowler

Ms. Peggy Y. Fowler serves as an Independent Director of the Company. She is Co-Chief Executive Officer, Portland General Electric Company (PGE), 2009, President and Chief Executive Officer, PGE, 2000-2008, Director, PGE, 1998-2012, Chairman of the Board and Executive Committee since 2012 and director since 2009, Umpqua Holdings Corp. Director and Audit Committee Member, Hawaiian Electric Company, Inc. (HEI subsidiary), since 2009.

Keith Russell

Mr. Keith P. Russell serves as an Independent Director of the Company. He has been President, Russell Financial, Inc. (strategic and financial consulting firm servicing business and high net worth families and individuals), since 2001, Vice Chair/Chief Risk Officer, Mellon Financial Corp., then Chairman, Mellon West, 1991-2001, Senior Executive Vice President, then Director, President and Chief Operating Officer, GLENFED/Glendale Federal Bank, 1983-1991, Director since 2010, Risk Committee Chair and Audit Committee Member, American Savings Bank, F.S.B. (HEI subsidiary), Director, Nationwide Health Properties, 2002-2011, Director, Sunstone Hotel Investors, since 2003, Director, Countrywide Financial, 2003-2008.

James Scott

Dr. James K. Scott serves as an Independent Director of the Company. He serves as President, Punahou School (K-12 independent school), since 1994, Director, American Savings Bank, F.S.B. (HEI subsidiary), since 2008. Dr. Scott has considerable management experience as an executive leader in Hawaii. While Dr. Scott has earned the reputation of being one of the nation's leading education administrators, his unique value to the Company derives from his extensive knowledge, contacts and relationships within Hawaii's business community, nonprofit community and local governmental agencies. Dr. Scott's participation on the Board has contributed significantly to the Board's understanding of Hawaii's unique cultural and business environment. With the success under his leadership of one of the country's most prominent college preparatory schools, and because of his commitment to a wide array of charitable and civic causes, Dr. Scott is a well-respected leader in the state of Hawaii.

Kelvin Taketa

Mr. Kelvin H. Taketa serves as an Independent Director of the Company. He is President and Chief Executive Officer, Hawaii Community Foundation, since 1998 and Director, Hawaiian Electric Company, Inc. (HEI subsidiary), since 2004. He has proficiency in risk assessment, strategic planning and organizational leadership as well as marketing and public relations obtained from his current position at the Hawaii Community Foundation and his prior experience as Vice President and Executive Director of the Asia/Pacific Region for The Nature Conservancy and as Founder, Managing Partner and Director of Sunrise Capital Inc. He has knowledge of corporate and nonprofit governance issues gained from his prior service as a director for Grove Farm Company, Inc., his current service as Vice Chair of the Independent Sector and Director of the Stupski Foundation and through publishing articles and lecturing on governance of tax-exempt organizations.

Barry Taniguchi

Mr. Barry K. Taniguchi serves as an Independent Director of the Company. He has been President and Chief Executive Officer, KTA Super Stores (grocery store chain), since 1989, President, K. Taniguchi Ltd. (real estate lessor), since 1989, Director since 2002 and Audit Committee Chair, American Savings Bank, F.S.B. (HEI subsidiary), Director 2001-2011 and Audit Committee Chair, Hawaiian Electric Company, Inc. (HEI subsidiary), Director, Hawaii Electric Light Company, Inc. (HEI subsidiary), 1997-2009, Director, Maui Electric Company, Limited (HEI subsidiary), 2006-2009.

Basic Compensation