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United States

Hawaiian Electric Industries Inc (HE.N)

HE.N on New York Stock Exchange

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24 May 2017
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Summary

Name Age Since Current Position

Jeffrey Watanabe

74 2006 Non-Executive Independent Chairman of the Board

Constance Lau

65 2006 President, Chief Executive Officer, Director

Gregory Hazelton

52 2017 Chief Financial Officer, Executive Vice President

Richard Wacker

54 2010 President, Chief Executive Officer, Director of American Savings Bank, F.S.B.

Alan Oshima

69 2014 President, Chief Executive Officer of Hawaiian Electric

Richard Dahl

65 2017 Independent Director

Thomas Fargo

68 2005 Independent Director

Peggy Fowler

65 2011 Independent Director

Keith Russell

71 2011 Independent Director

James Scott

65 1995 Independent Director

Kelvin Taketa

62 1993 Independent Director

Barry Taniguchi

69 2004 Independent Director

Clifford Chen

2017 IR Contact Officer

Biographies

Name Description

Jeffrey Watanabe

Mr. Jeffrey N. Watanabe serves as Non-Executive Independent Chairman of the Board of the Company. Mr. Watanabe has been one of the most influential figures in Hawaii's business community over the past four decades. His strategic counsel is widely sought by Hawaii's business, political and nonprofit leaders, as well as by global businesses seeking to do business in Hawaii. As Chairman since 2006, Mr. Watanabe has successfully led HEI through his strategic vision, willingness to make tough decisions, strong consensus-building skills and communication ability.

Constance Lau

Ms. Constance H. Lau serves as President, Chief Executive Officer and 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 leadership capacities spanning several functions across HEI and its subsidiaries. Over her more than 30 years of service with the Company, Ms. Lau has acquired significant expertise with respect to the utility and banking industries. Further, having been exposed to virtually all aspects of HEI's operations, Ms. Lau brings a unique and comprehensive perspective to the Board. Ms. Lau's expertise and leadership have been recognized nationally, leading her to be named by President Obama to chair the National Infrastructure Advisory Council, and to serve on 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.

Gregory Hazelton

Mr. Gregory C. Hazelton has been appointed as Chief Financial Officer, Executive Vice President of the Company, effective from April 2, 2017. He is currently HEI Senior Vice President, Finance. Mr. Hazelton joined HEI in his current capacity in October 2016. He previously served as HEI Vice President, Finance, Treasurer and Controller from August 2013 to June 2015. From February to September 2016, Mr. Hazelton was Senior Vice President, Chief Financial Officer and Treasurer of Northwest Natural Gas Company (NW Natural), a publicly traded natural gas utility headquartered in Portland, Oregon. He served as NW Natural Senior Vice President and CFO from June 2015 to February 2016. Prior to joining HEI in 2013, Mr. Hazelton was a Managing Director in the Global Power & Utilities Group of UBS Investment Bank from March 2011 to May 2013.

Richard Wacker

Mr. Richard F. Wacker serves as President, Chief Executive Officer, Director of American Savings Bank, F.S.B., a subsidiary of the Company. 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.

Alan Oshima

Mr. Alan M. Oshima is the President, Chief Executive Officer of Hawaiian Electric, a subsidiary 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.

Richard Dahl

Mr. Richard J. Dahl, CPA serves as Director of the Company. Mr. Dahl adds to the Board a wealth of experience in leadership, strategy, audit and risk-management and board governance. The perspective he brings to the Board is informed by his experiences working in Hawaii and on the U.S. mainland, as a senior executive for several private and publicly traded companies, and as a public company director and audit committee chair. In addition, his management experience in banking and board service in the electric utility industry further deepen the Board's knowledge of the two industries in which HEI operates.

Thomas Fargo

Adm. Thomas Boulton Fargo serves as an Independent Director of the Company. Adm. Fargo brings invaluable leadership skills to the Board. Admiral Fargo's experience leading complex organizations, both in Hawaii and on the U.S. mainland, provides the Board with significant management expertise. Admiral Fargo has extensive knowledge of the U.S. military (a major customer of HEI's utility subsidiary and a key driver of Hawaii's economy) having served as Commander of the U.S. Pacific Command from 2002-05. Admiral Fargo's leadership, strategic planning and risk assessment skills have proven to be a valuable resource to management and other Board members.

Peggy Fowler

Ms. Peggy Y. Fowler serves as an Independent Director of the Company. Ms. Fowler brings a combination of utility and banking knowledge and experience to HEI. Ms. Fowler's prior position as chief executive officer of a NYSE-listed public utility company imparts significant leadership and management expertise to the Board. Additionally, Ms. Fowler's more recent experience leading the board of a publicly traded bank holding company strengthens the Board's capabilities in overseeing HEI's bank subsidiary.

Keith Russell

Mr. Keith P. Russell serves as an Independent Director of the Company. Mr. Russell has extensive senior management experience in the banking industry. Mr. Russell's many years of executive leadership experience in managing and overseeing bank operations contribute invaluable expertise to the Board. In addition, his prior service as chief risk officer of a large financial institution significantly strengthens the Board's capabilities in overseeing and managing risk within the organization. Mr. Russell's knowledge and experience from his prior service as an officer of a lender to the electric utility industry strengthens the Board's oversight of HEI's utility operations.

James Scott

Dr. James K. Scott serves as an Independent Director of the Company. 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 and nationally.

Kelvin Taketa

Mr. Kelvin H. Taketa serves as an Independent Director of the Company. Mr. Taketa has considerable management experience as an executive leader in Hawaii. Mr. Taketa is one of Hawaii's leading nonprofit administrators and has extensive relationships within Hawaii's business and nonprofit communities. Mr. Taketa has contributed significantly to the Board's understanding of Hawaii's distinctive cultural and business environment. Additionally, Mr. Taketa brings the unique ability to build bridges and connect people and organizations, which has made Mr. Taketa a well-respected leader throughout the state of Hawaii.

Barry Taniguchi

Mr. Barry K. Taniguchi serves as an Independent Director of the Company. Mr. Taniguchi brings to the Board considerable experience as a proven business leader in Hawaii, with extensive knowledge of the business climate and significant contacts and relationships within the business community and local governmental agencies. With the successes of his own businesses, and because of his commitment to a wide array of charitable causes, Mr. Taniguchi is one of the most well-respected businesspersons in Hawaii.

Clifford Chen

Basic Compensation

Name Fiscal Year Total

Jeffrey Watanabe

409,000

Constance Lau

3,060,310

Gregory Hazelton

1,051,920

Richard Wacker

1,509,240

Alan Oshima

1,583,250

Richard Dahl

--

Thomas Fargo

165,000

Peggy Fowler

156,000

Keith Russell

175,000

James Scott

150,000

Kelvin Taketa

156,000

Barry Taniguchi

180,000

Clifford Chen

--
As Of  30 Dec 2016