HONOLULU, July 19,
2022 /PRNewswire/ -- Michael
J. Kennedy, an innovative leader with extensive executive
and strategy experience with national and global organizations,
will be appointed to the board of directors of Hawaiian Electric
Industries, Inc. (HEI) (NYSE:HE), effective August 1, 2022. Kennedy will continue to serve as
a director of American Savings Bank, F.S.B. (ASB), HEI's wholly
owned bank subsidiary, where he has served as a director and member
of the ASB Risk Committee since 2018 and as a member of the ASB
Audit Committee since 2020.
In 2011, Kennedy co-founded and served as CEO of clearXchange,
LLC, a digital payment platform. In 2017, clearXchange became
Zelle, one of today's most widely used instant payment services,
providing its customers a fast, safe and easy way to send and
receive money with friends, family and others they trust. Before
founding clearXchange, he was an executive vice president with
Wells Fargo, where he led innovation and payment strategy. He was
also previously an engagement manager at McKinsey & Company,
Inc.
After Zelle, Kennedy went on to lead several innovative
companies in the international payments industry, serving as
president of OFX North America, one of the world's largest
international payment providers (2017-19); as CEO of Interstellar,
a technology company focused on delivering more reliable
cross-border payments (2019-21); and as CEO of Velo Labs, which aims to revolutionize the
global financial services industry through development of a
blockchain-enabled payments network (2021-22).
Kennedy joins a diverse and talented board of directors at HEI,
including: retired Admiral Tom
Fargo, former Commander of the U.S. Pacific Command and
current HEI board chair; Scott Seu,
HEI president and CEO; Celeste
Connors, CEO of Hawai'i Local2030 Hub; Richard Dahl, former CEO of James Campbell
Company; Elisia Flores, CEO and vice
chair of L&L Franchise, Inc.; Peggy
Fowler, former CEO of Portland General; Micah Kāne, president and CEO of Hawai'i
Community Foundation; Keith Russell,
president of Russell Financial; and Jim
Scilacci, former CFO of Edison International.
"Mike Kennedy has been a very
effective director at American Savings Bank, and we are thrilled to
appoint him to the HEI board," said Fargo, HEI board chair. "Mike
is a proven leader and his creative thinking, expertise in
technology and financial services, and experience developing
innovative strategies will greatly support our vision across the
HEI family of companies."
Kennedy holds bachelor of science and master of science degrees
in industrial engineering, with distinction, from Stanford University. He also has a master of
business administration, with distinction, from Harvard Business School.
About HEI
The Hawaiian Electric Industries, Inc. (HEI) (NYSE:HE) family of
companies provides the energy and financial services that empower
much of the economic and community activity of Hawaiʻi. HEI's
electric utility, Hawaiian Electric, supplies power to
approximately 95% of Hawaiʻi's population and is undertaking an
ambitious effort to decarbonize its operations and the broader
state economy. Its banking subsidiary, American Savings Bank, is
one of Hawaiʻi's largest financial institutions, providing a
wide array of banking and other financial services and working to
advance economic growth, affordability and financial fitness. HEI
helps advance Hawaiʻi's sustainability goals through investments by
its non-regulated subsidiary, Pacific Current. For more
information, visit www.hei.com.
For media inquiries, please contact:
AJ Halagao
Vice President
Corporate and Community Advancement
(808) 543-7625
ajhalagao@hei.com
Julie Smolinski
Vice
President
Investor Relations and Corporate Sustainability
(808) 543-7300
ir@hei.com
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SOURCE Hawaiian Electric Industries, Inc.