夏威夷电力工业 HE

Mr. Scott W. H. Seu, Director, President and Chief Executive Officer, Mr. Seu provides significant chief executive leadership experience including dealing with difficult challenges and leading HEI's corporate simplification strategy. He has extensive utility operational expertise having served in numerous leadership positions at HEI's primary operating subsidiary, Hawaiian Electric Company (Hawaiian Electric), for over 28 years, including as its president and CEO. As President of Hawaiian Electric, Mr. Seu was responsible for ensuring reliable, safe and affordable provision of electric power to 95% of Hawai'i's population. He was instrumental in leading the company's transition to cleaner, renewable energy supporting the state's goal of 100% renewable energy by 2045. Mr. Seu has extensive operations, business, regulatory and community leadership experience through serving in various executive roles at Hawaiian Electric. He has also been actively engaged in critical infrastructure resilience issues in Hawai'i and at the national level. Prior to joining Hawaiian Electric in 1993, Mr. Seu worked as a mechanical and environmental engineer at companies in California and he also worked abroad in China. PROFESSIONAL EXPERIENCE: President and Chief Executive Officer, Hawaiian Electric (2020-2021) Senior Vice President, Public Affairs, Hawaiian Electric (2017-2020) Vice President, System Operation, Hawaiian Electric (2014-2016) Vice President, Energy Resources and Operations, Hawaiian Electric (2013-2014); Vice President, Energy Resources, Hawaiian Electric (2010-2012). OTHER POSITIONS: Trustee, Queen's Health Systems (since 2023); Director, Edison Electric Institute (the primary electric utility industry association representing all U.S. investor-owned electric companies) (since 2022); Director, Partners in Development Foundation (Hawaii non-profit serving families in need) (since 2022); Director, Regional Advisory Board Teach for America Hawai'i (since 2017); Director, Electric Power Research Institute (EPRI) (2020-2024) Director (2022-2024) and Chair (2022-2023), American Savings Bank (former HEI subsidiary). Bachelor of Science, Mechanical Engineering, Stanford University and Master of Science, Mechanical Engineering, Stanford University.

Ms. Shelee M. T. Kimura, President and Chief Executive Officer of Hawaiian Electric, Ms. Kimura has strong executive management, leadership and strategy development and execution skills developed through leadership roles at Hawaiian Electric and HEI over the last 20 years, including her current role as President and Chief Executive Officer of Hawaiian Electric. Ms. Kimura has extensive operational leadership, crisis management and stakeholder relations experience gained from leading HEI's corporate finance, investments, investors relations and corporate strategy functions, and from her roles at Hawaiian Electric, which have included leading development and execution of a multi-year transformation strategy, guiding teams responsible for operational functions and innovation, and providing critical company leadership through the COVID-19 pandemic and the Maui windstorm and wildfires. She has finance, accounting, auditing, enterprise risk management, and corporate governance experience through prior work as an external and internal auditor, business and risk management consultant, and service on the audit committee for Kamehameha Schools and the board and compensation committee of Alexander & Baldwin. In 2016, Ms. Kimura was honored with the Clean Energy Education and Empowerment Business award by the U.S. Department of Energy. PROFESSIONAL EXPERIENCE: Senior Vice President, Customer Service and Public Affairs, Hawaiian Electric Company (March?-?December 2021); Senior Vice President, Customer Service, Hawaiian Electric Company (2019- March 2021); Senior Vice President, Business Development & Strategic Planning, Hawaiian Electric Company (2017-2019); Vice President, Corporate Planning & Business Development, Hawaiian Electric, (2014-2017). PAST PUBLIC COMPANY BOARDS: Director, Alexander & Baldwin, Inc. (2023-2026). OTHER POSITIONS: Director, Parents and Children Together (non-profit supporting education and social services to Hawaii's most underserved communities) (since 2023); Director, Na Kama Kai (non-profit focused on empowering youth) (since 2020); Trustee, Mid-Pacific Institute (private, college preparatory school) (since 2022); Independent Audit Committee Member, Kamehameha Schools (2013-2022). Bachelor of Arts, Business Administration, University of Hawaii at Manoa, Advanced Management Program, Wharton Executive Education, University of Pennsylvania.

Kurt. K. Murao, HEI Executive Vice President, General Counsel, Chief Administrative Officer and Corporate Secretary since 1/20; HEI Vice President - Legal & Administration and Corporate Secretary, 10/16 to 12/19; HEI Associate General Counsel, 3/11 to 10/16.

Ms. Peggy Y. Fowler, Independent Director, With experience as Chief Executive Officer of a NYSE-listed public utility company, and as director for the Portland Branch of the Federal Reserve Bank of San Francisco and Columbia Banking System, Inc. (a publicly traded bank holding company), Ms. Fowler brings a breath of financial oversight, regulatory compliance and corporate governance knowledge. Ms. Fowler has received numerous recognitions of her business leadership, including Oregon's Most Admired CEO (2005, Portland Business Journal), Portland's First Citizen (2007, Portland Metropolitan Association of Realtors), Oregon History Makers (2015), and Joan Austin Lifetime Achievement Award (2016). Ms. Fowler has deep environmental and renewable energy expertise. She managed PGE's environmental department, overseeing initiatives that improved fish passage on multiple Oregon rivers. During Ms. Fowler's tenure as Chief Executive Officer, PGE made the strategic decision to reduce use of oil and coal and has been ranked #1 on multiple occasions for selling more renewable power to residential customers than any other U.S. utility. Under Ms. Fowler's leadership, wind and solar projects were constructed and integrated into the PGE grid. Under her leadership as HEI's Nominating and Corporate Governance Chair, the company undertook significant leadership and governance updates, including a significant board refreshment effort that brought additional expertise and reduced director tenure; a CEO transition for HEI, Hawaiian Electric and ASB; and the expansion of proxy access, implementation of majority voting and elimination of the previously staggered board structure. 38 years of executive leadership, financial oversight and utility operations experience from serving at PGE in senior officer positions (including as President and Chief Executive Officer, Chief Operating Officer, and Board Member) and operating positions. PAST PUBLIC COMPANY BOARDS: Director, Chair of Nominating & Corporate Governance Committee, Columbia Banking System, Inc. (2023-2025); Director (2009-2023) and Chairman (2012-2023), Umpqua Holdings Corp. (bank holding company); Director, Portland General Electric (2006-2012). OTHER POSITIONS: Director and Chairman of the investment committee, Cambia Health Solutions (not-for-profit health insurer) (2005-2020); Director, PGE Foundation (1997-2025); Director, Portland Branch of Federal Reserve Bank of San Francisco (2007-2011); Director, Hawaiian Electric Company, Inc. (HEI Subsidiary) (2009-2016); Director, American Savings Bank (former HEI Subsidiary) (2022-2023). Bachelor of Science, Chemistry and Bachelor of Science, Math, George Fox University and Public Utility Executive Program, University of Idaho and University of Michigan.

Ms. Celeste A. Connors, Independent Director, Raised in Hawai'i, Ms. Connors brings to the Board extensive risk management and national security experience from chairing complicated interagency processes as a double-hatted Director for Energy and Environment on both the National Economic Council and National Security Council in the White House. In this role, she advised the President, Vice President and Cabinet on economic, energy, technology, and climate strategies. Ms. Connors also has foreign policy expertise and helps the Board address key geopolitical threats from her experience managing economic, finance and counter terrorism risk while serving as a diplomat with the U.S. Department of State in Saudi Arabia, Greece and Germany. Ms. Connors also has a background in resilient infrastructure project management and finance as the co- founder and CEO of c.dots development. Ms. Connors serves as President of the East-West Center, established by Congress to promote better relations and understanding between the United States and nations in Asia and the Pacific through cooperative study, research and dialogue. She leads the Center's focus on economic security across strategic dialogue, research, leadership and education programs. Ms. Connors' 25 years of experience managing risk at the highest level of government, and governance background from serving on nonprofit and industry boards helps the Board oversee and guide company strategy. Her energy, climate and national security experience provides the Board and company with important insights into key risks and opportunities to support a more secure and prosperous energy future. PROFESSIONAL EXPERIENCE: Chief Executive Officer (2021-2025) and Executive Director (2015-2021), Hawai'i Green Growth, Visiting Scholar and Professor, (Energy, Resources and Environment Program), Johns Hopkins University (2012-2019), Chief Executive Officer and Co-Founder, c.dots development (builds partnerships to deliver resilient infrastructure (since 2012), Director (Energy and Environment), National Security Council, White House (2008-2012), Diplomat, U.S. Department of State (2000-2012), Foreign Policy Advisor - Office of the Mayor), City of New York (1999-2000). OTHER POSITIONS: Director, Pacific Asian Affairs Council (since 2025), Director, Hawaii Visitor and Convention Bureau (since 2022), Director, American Savings Bank (former HEI Subsidiary) (2022-2023), Affiliate Faculty, University of Hawai'i, Hawai'i Natural Energy Institute (HNEI) (since 2021-2024), Director, America's Service Commission (2014-2018), Director, Icebreaker One (intersection of data & sustainability for net zero) (since 2017). EDUCATION: Bachelor of Arts, International Relations, Tufts University and Master of Science (MSc), Development Studies, University of London, School of Oriental and African Studies (SOAS).

Ms. Elisia K. Flores, Independent Director, Ms. Flores is a recognized business leader with executive leadership, strategic planning and financial oversight experience from serving as CEO and CFO of L&L Franchise, a national franchisor with 230 restaurants across the US and Japan. As CEO she is responsible for setting the strategic vision of the company and driving new growth initiatives. She has been instrumental in developing key partnerships to expand L&L's business, strengthening the brand across markets and implementing national revenue generating programs for the franchises. Ms. Flores has notable financial and corporate audit experience from serving as Senior Finance Manager and Corporate Auditor at General Electric Company where she received the 2010 Contemporary Leadership Award. She also has financial oversight and board leadership experience as Chair of the ASB Audit Committee from 2019 to 2023. PROFESSIONAL EXPERIENCE: Chief Financial Officer, L&L Franchise, Inc. (2014-2019) Senior Finance Manager, General Electric Company, Energy Sector (2010-2014) Corporate Auditor, General Electric Company, Corporate Sector (2008-2010). OTHER POSITIONS: Director (since 2019) and Chairman of the Finance Committee (since 2021), Hawai'i Pacific Health (one of Hawai'i's largest health care systems); Director, East West Center (since 2022) (non-profit education and research organization supporting relations between the U.S., Asia and the Pacific) Director, American Savings Bank (former HEI Subsidiary) (2018-2023). Bachelor of Science, University of Southern California, Marshall School of Business and Executive Master of Business Administration, University of California Los Angeles, Anderson School of Management.

Mr. James A. Ajello, Independent Director Nominee, His experience includes serving as Chief Financial Officer of two publicly traded companies in the utility industry - Portland General Electric and HEI, and as President of Reliant Energy Solutions, LLC, a Texas-based comprehensive residential and business power services company. Mr. Ajello also developed deep financial, capital markets and strategic acumen through his 14 years of investment banking experience focused on corporate finance, capital markets and mergers & acquisitions, including in his roles as Managing Director and Head of UBS Chicago and its corporate banking unit, as well as head of UBS's North American project finance team. He also has broad knowledge of Hawaii's business and leadership environment from his 14 years of service as a Trustee on the Hawaii Pacific University Board, Hawaii's largest private, non-profit university. PROFESSIONAL EXPERIENCE: Senior Vice President, Chief Financial Officer & Treasurer (2021-2023); Senior Advisor (2020 & 2023), Portland General Electric Company Executive Vice President and Chief Financial Officer (2011-2017), and Senior Financial Vice President and Chief Financial Officer (2009-2011), Hawaiian Electric Industries, Inc. President and Senior Vice President and General Manager of Commercial & Industrial Marketing, Reliant Energy Solutions LLC and Senior Vice President, Business Development, Reliant Energy, Inc. (nka NYSE listed company, NRG Energy, Inc.) (1998-2009) Managing Director, Energy & Natural Resources Group, Senior Banker, Managing Director, Corporate and Project Finance Group, UBS Securities LLC (1984-1998) PAST PUBLIC COMPANY BOARDS Director (2012-2019) and Chair of Audit Committee (2018-2019), Crius Energy Trust. OTHER POSITIONS: Lead Director, Power Transitions (since 2025) Director, Dimension Renewable Energy (since 2021); Director, SUNY Oneonta College Foundation (since 2019) Trustee, Hawaii Pacific University (2010-2024), Chairman, U.S. Department of Energy Environmental Management Advisory Board (2006-2015) Director, American Savings Bank (former HEI Subsidiary) (2017-2020). Bachelor of Arts, State University of New York, Oneonta, Master of Public Administration, Syracuse University and Advanced Management Program, European Institute of Business Administration (INSEAD).

Timothy E. Johns, Chairman of the Board of Hawaiian Electric Company, Inc. Mr. Johns has executive management, leadership and strategic planning skills developed over three decades as a businessperson and lawyer and currently as President and CEO of Zephyr Insurance Company. He has extensive business, regulatory, financial stewardship and legal experience from his prior roles as Chief Consumer Officer, HMSA (health insurance provider), President and CEO of the Bishop Museum (premier natural and cultural history institution in the Pacific and the largest museum in Hawai'i), Chief Operating Officer for the Estate of Samuel Mills Damon (former private trust with assets valued at over $900 million prior to its dissolution), Chairperson of the Hawaii State Board of Land and Natural Resources, Director of the Hawaii State Department of Land and Natural Resources and Vice President and General Counsel at Amfac Property Development Corp. Mr. Johns currently serves on several corporate and nonprofit boards and has held prior public service appointments at the federal and the state level in Hawai'i. He brings extensive experience in insurance, regulated industries, corporate governance, risk management, and community leadership. PROFESSIONAL EXPERIENCE: Chair (since 2020), Director (since 2005), Chair of Audit Committee (since 2010), Hawaiian Electric Company, Inc. Chief Consumer Officer, Hawaii Medical Service Association (HMSA) (2011-2017) President and Chief Executive Officer, Bishop Museum (2007-2011) Director, State of Hawaii Department of Land and Natural Resources (2007-2011) Vice President and General Counsel at Amfac Property Development Corporation (1994-1998). OTHER POSITIONS: Trustee, Parker Ranch Foundation Trust and Parker Ranch, Inc. (largest cattle ranch in Hawaii which operates under Parker Ranch Foundation Trust, a charitable trust with assets valued at over $350 million) (since 2005) Director, Hawaii Gas (2003-2005) Director, Grove Farm Company, Inc. (privately-held community and real estate development firm operating on the island of Kauai) (since 2004) Trustee, Consuelo Foundation (humanitarian non-profit organization) (since 2012) Director, Oahu Economic Development Board (since 2013) Director, Polynesian Voyaging Society (since 2013) Chair and Director, KUPU (Hawaii non-profit focused on empowering youth through environmental and cultural sustainability) (since 2023). Bachelor of Arts, University of California Santa Barbara and Master of Arts, Economics and Juris Doctorate, University of Southern California.

Mr. Toby B. Taniguchi, Independent Director, Mr. Johns has executive management, leadership and strategic planning skills developed over three decades as a businessperson and lawyer and currently as President and CEO of Zephyr Insurance Company. He has extensive business, regulatory, financial stewardship and legal experience from his prior roles as Chief Consumer Officer, HMSA (health insurance provider), President and CEO of the Bishop Museum (premier natural and cultural history institution in the Pacific and the largest museum in Hawai'i), Chief Operating Officer for the Estate of Samuel Mills Damon (former private trust with assets valued at over $900 million prior to its dissolution), Chairperson of the Hawaii State Board of Land and Natural Resources, Director of the Hawaii State Department of Land and Natural Resources and Vice President and General Counsel at Amfac Property Development Corp. Mr. Johns currently serves on several corporate and nonprofit boards and has held prior public service appointments at the federal and the state level in Hawai'i. He brings extensive experience in insurance, regulated industries, corporate governance, risk management, and community leadership. PROFESSIONAL EXPERIENCE: Chair (since 2020), Director (since 2005), Chair of Audit Committee (since 2010), Hawaiian Electric Company, Inc. Chief Consumer Officer, Hawaii Medical Service Association (HMSA) (2011-2017) President and Chief Executive Officer, Bishop Museum (2007-2011) Director, State of Hawaii Department of Land and Natural Resources (2007-2011) Vice President and General Counsel at Amfac Property Development Corporation (1994-1998). OTHER POSITIONS: Trustee, Parker Ranch Foundation Trust and Parker Ranch, Inc. (largest cattle ranch in Hawaii which operates under Parker Ranch Foundation Trust, a charitable trust with assets valued at over $350 million) (since 2005) Director, Hawaii Gas (2003-2005) Director, Grove Farm Company, Inc. (privately-held community and real estate development firm operating on the island of Kauai) (since 2004) Trustee, Consuelo Foundation (humanitarian non-profit organization) (since 2012) Director, Oahu Economic Development Board (since 2013) Director, Polynesian Voyaging Society (since 2013) Chair and Director, KUPU (Hawaii non-profit focused on empowering youth through environmental and cultural sustainability) (since 2023). Bachelor of Arts, University of California Santa Barbara and Master of Arts, Economics and Juris Doctorate, University of Southern California.

Admiral John C. Aquilino, U.S. Navy (Ret.), Independent Director, Admiral Aquilino has extensive leadership expertise from his prior service as Commander of the U.S. Indo-Pacific Command. In that role he led military operations across half of the world's geography within the oldest and most extensive U.S. combatant command. He synchronized the activities of more than 380,000 joint forces, fostered global collaboration with allies and partners and was responsible for the utilization and readiness of America's largest naval force. His experience also enables him to bring to the Board deep knowledge of the U.S. military, a major customer of HEI's electric utility subsidiary and a key driver of Hawai'i's economy. Admiral Aquilino has high-level management, strategic planning and risk management assessment skills (financial and non-financial) gained while commanding and leading highly complex organization where he oversaw annual budgets up to $20 billion. PROFESSIONAL EXPERIENCE: Owner, JCA and Associates, LLC (since 2024) (defense and national security advisory and consultancy) Commander of the U.S. Indo-Pacific Command (retired, 2021-2024) Commander, US Pacific Fleet (2018-2021) Commander, US FIFTH Fleet/Naval Forces Central Command (2017-2018) Deputy Director of Operations, Plans and Strategy, Office of the Chief of Naval Operations (2014-2017) PUBLIC COMPANY BOARDS Director, Lockheed Martin (since 2025). OTHER POSITIONS: Director, Tailhook Association (since 2025) (nonprofit supporting the interests of aircraft carriers, naval aviation and their crews) Advisory Board Member, Logistics Management Institute (since 2025) Advisory Board Member, Shield AI (since 2025) Advisory Board Member, Red Cell (since 2025). U.S. Naval Academy and Joint Forces Staff College and Navy Fighter Weapons School (TOPGUN) and Harvard Kennedy School's Executive Education Program in National and International Security.

Paul K. Ito was appointed Senior Vice President, CFO and Treasurer of Hawaiian Electric and will resign as Executive Vice President, CFO and Treasurer of Hawaiian Electric Industries, Inc. (HEI) effective as of October 1, 2023. On January 3, 2023, Hawaiian Electric Industries, Inc., announced that Paul K. Ito, the Company's current Vice President-Taxes, Controller and Treasurer and Interim Chief Financial Officer, has been appointed as the Company's Executive Vice President and Chief Financial Officer (CFO), effective January 1, 2023. Ito has been with HEI since 2018, where he has served as vice president of tax, controller and treasurer. He has led the accounting, financial reporting, tax and treasury functions, and provided support in the enterprise risk management, investment analysis, and strategic and operating plan functions. Ito also managed HEI's information technology efforts, leading digital transformation initiatives in accounting, tax and financial reporting. Prior to joining HEI, Ito was senior vice president and CFO at Alexander & Baldwin, Inc. (A&B) (NYSE: ALEX), one of Hawai'i's leading commercial real estate companies. During his employment at A&B (2005-2017), his other roles included director of internal audit, corporate controller and treasurer. Ito worked in the audit practice at Deloitte & Touche, LLP's offices in Honolulu and San Jose, and Deloitte's national office in San Francisco (1996-2005). Ito holds a bachelor of business administration from University of Hawai'i at Manoa and a master in professional accounting degree with a concentration in managerial accounting from University of Texas in Austin. Ito is a certified public accountant (not in public practice). HEI's current plan is for Mr. Ito to return and resume his present role at HEI on or about January 1, 2025.

Ms. Shannon K. Asato, Controller and Principal Accounting Officer, Hawaiian Electric.

On August 3, Bruce Tamashiro (53) was designated as the Company's Principal Accounting Officer (PAO). Mr. Tamashiro was appointed as the Company's Controller effective July 1, 2023. Mr. Tamashiro previously worked with the Company's subsidiary, Hawaiian Electric, as Director, Corporate and Property Accounting where he managed Hawaiian Electric's daily accounting operations and financial reporting functions. Mr. Tamashiro served as Financial Reporting Manager for Shidler Pacific Advisors, LLC from 2012-2019, where he was responsible for all SEC financial reporting. Most recently, Mr. Tamashiro served as Director of Corporate Accounting and Controller of The Gas Company, LLC (dba Hawaii Gas) from 2019-2023, where he managed Hawaii Gas's daily accounting operations, oversaw all aspects of financial reporting to the SEC and the Hawaii Public Utilities Commission as well as to Hawaii Gas's owners, creditors and other stakeholders, and managed all aspects of Hawaii Gas's internal controls.