A&B's planned leadership transition
continues with the appointment of Lance
Parker as a director
HONOLULU, June 30,
2023 /PRNewswire/ -- Alexander & Baldwin,
Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based
company focused on owning, operating, and developing high-quality
commercial real estate in Hawai'i, announced that Shelee Kimura has been appointed to serve on its
Board of Directors, effective July 1,
2023. Kimura joins the Board after the departure of
Michele Saito, who has been a
director since 2012.
"I am so pleased to welcome Shelee
Kimura to our Board of Directors," said A&B Chairman of
the Board Eric Yeaman. "Her exceptional leadership track
record, public company experience and commitment to Hawai'i will be
invaluable to our company as we continue to grow our real estate
portfolio and create value for our shareholders."
Kimura is president and chief executive officer ("CEO") of
Hawaiian Electric Company, Inc., which serves the energy needs of
95% of Hawai'i's population on the islands of O'ahu, Hawai'i,
Maui, Lāna'i and Moloka'i. She was
appointed to her current role in January
2022 and previously served as Hawaiian Electric's senior
vice president of customer service and public affairs and earlier
as senior vice president of business development and strategic
planning. Before joining Hawaiian Electric, she led investor
relations and strategic planning, as well as served as director of
corporate finance and investments for Hawaiian Electric Industries
("HEI") (NYSE: HE), the parent company of Hawaiian Electric and the
largest publicly traded company in Hawai'i. Before HEI, she
was a consulting manager at Arthur Andersen LLP and its successor
firm, KMH LLP.
Kimura has been recognized for her leadership and service to the
business and non-profit communities, including awards from the
University of Hawai'i Shidler College of Business, the American
Lung Association, the Girl Scouts of Hawai'i, the U.S. Department
of Energy and the O'ahu YWCA. She is an Omidyar Fellow, a member of
the Women Corporate Directors Foundation and an ambassador for the
U.S. Clean Energy Education and Empowerment Initiative. She serves
on the Shidler College of Business Advisory Council of the
University of Hawai'i at Mānoa and on the boards of Mid-Pacific
Institute and the nonprofits Parents and Children Together and Nā
Kama Kai.
Kimura earned a bachelor's degree in business administration
from the University of Hawai'i at Mānoa and is an executive
education graduate of the Advanced Management Program of the
Wharton School of the University of
Pennsylvania.
Michele Saito has served as a
member of the A&B Board of Directors for over a decade and has
chaired the Compensation Committee since 2018. She is leaving the
Board to focus more of her time with family and on giving back to
the community. She recently was appointed interim CEO of the Girl
Scouts of Hawai'i.
"On behalf of the Board of Directors, I would like to express
our gratitude to Michele for her service and contributions to
A&B," said Yeaman. "We wish her well in her future
endeavors."
Consistent with the planned transition of the CEO position on
July 1, 2023, incoming CEO
Lance Parker also has been appointed
a director, taking the place of current CEO Christopher Benjamin on the Board.
"We are also pleased to welcome Lance to the Board at the same
time he transitions to CEO and want to thank Chris for his many
years of service to A&B and wish him and his wife Melissa the
very best in retirement," continued Yeaman.
ABOUT ALEXANDER & BALDWIN
Alexander & Baldwin,
Inc. (NYSE: ALEX) (A&B) is the only publicly-traded real estate
investment trust to focus exclusively on Hawai'i commercial real
estate and is the state's largest owner of grocery-anchored,
neighborhood shopping centers. A&B owns, operates, and manages
approximately 3.9 million square feet of commercial space in
Hawai'i, including 22 retail centers, 13 industrial assets and four
office properties, as well as 142 acres of ground leases. A&B
is expanding and strengthening its Hawai'i CRE portfolio and
achieving its strategic focus on commercial real estate by
monetizing its remaining non-core assets. Over its 153-year
history, A&B has evolved with the state's economy and played a
leadership role in the development of the agricultural,
transportation, tourism, construction, residential and commercial
real estate industries.
Learn more about A&B at www.alexanderbaldwin.com.
Contact: Andrea Galvin;
808-525-8404; agalvin@abhi.com
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SOURCE Alexander & Baldwin, Inc.