HONOLULU, Dec. 14,
2022 /PRNewswire/ -- Hawaiian Electric Industries,
Inc. (NYSE: HE) (HEI), the parent company to Hawaiian Electric
Company, Inc. (Hawaiian Electric) and American Savings Bank, F.S.B.
(ASB), announces two important appointments to their boards of
directors. Effective January 1,
2023 Yoko Otani will serve on the HEI and ASB boards of
directors while Mary Kipp will serve
on the Hawaiian Electric board of directors. Otani will join the
HEI Audit & Risk Committee and the ASB Risk Committee.
Kipp will join the Hawaiian Electric Audit & Risk
Committee.
Otani brings significant experience in finance, financial
services and risk management to the HEI and ASB Boards. She is
currently a partner at Straterix, a financial analytics software
company. During the height of the financial crisis, Otani joined
Promontory Financial Group, a financial services management
consulting company, to advise financial services companies on
multiple aspects of risk and regulation. Otani spent almost 30
years at Citibank across a variety of corporate finance and
commercial and investment banking roles, including ten years as a
senior credit officer in Citi's global commercial and investment
bank.
Kipp is currently the president and CEO of Puget Sound Energy
(PSE), Washington state's largest
electric utility company. Under her direction, PSE is working
toward an aspirational goal of targeting reduction of its carbon
emissions to net zero by 2045 and going beyond that goal by helping
other sectors to enable carbon reduction across the state of
Washington. Prior to joining PSE,
Kipp was president and CEO at El Paso Electric.
"Yoko Otani brings a wealth of
experience and knowledge in the financial services and banking
industries and we are thrilled to appoint her to the HEI and ASB
boards," said Tom Fargo, HEI board
chair. "Mary Kipp has exceptionally
valuable experience across several institutions within the energy
sector and we are equally excited to name her to the Hawaiian
Electric board. Yoko and Mary are two proven leaders who will
greatly support our efforts as we continue to innovate across the
HEI family of companies."
Otani joins a diverse and skilled board of directors at HEI and
ASB, including: retired Admiral Tom
Fargo, former board chairman of USAA and Huntington Ingalls
Industries and current HEI board chair; Scott Seu, HEI president and CEO; Celeste Connors, CEO of Hawai'i Green Growth
Local2030 Hub; Richard Dahl, former
CEO of James Campbell Company; Elisia
Flores, CEO and vice chair of L&L Franchise;
Peggy Fowler, former CEO of
Portland General Electric; Micah Kāne,
president and CEO of Hawai'i Community Foundation; Michael Kennedy, former CEO and co-founder of
the Zelle Payments Network, formerly known as clearXchange;
Keith Russell, president of Russell
Financial; and Jim Scilacci, former
chief financial officer of Edison International. Ann
Teranishi, president and CEO of American Savings Bank, also serves
on the ASB board of directors.
Kipp joins a talented board of directors at Hawaiian Electric,
including: Tim Johns, president and
CEO of Zephyr Insurance and current Hawaiian Electric board chair;
Shelee Kimura, president and CEO of
Hawaiian Electric; James Ajello,
chief financial officer of Portland
General Electric; Kevin Burke,
retired chief marketing officer of Square; Alana Pakkala, partner and chief operating
officer of The Kobayashi Group; Kelvin
Taketa, retired president and CEO of Hawaii Community
Foundation; and Toby Taniguchi,
president and CEO of KTA Super Stores.
Otani holds a bachelor of arts degree in East Asian Studies and
History from Barnard College, Columbia
University and a master of business administration from
New York University. Kipp holds a
bachelor of arts degree from Williams
College and a juris doctor in law from the University of Texas.
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 & Community Advancement
(808) 543-7625
ajhalagao@hei.com
|
Julie
Smolinski Vice President,
Investor Relations & Corporate Sustainability
(808) 543-7300
ir@hei.com
|
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SOURCE Hawaiian Electric Industries, Inc.