Constancy “Connie” Lau, president and chief executive officer of Hawaiian Electric Industries, will retire after 15 years as the head of the electric utility’s parent company Hawaiian Electric and community bank American Savings Bank, the companies said on Tuesday.
Scott Seu, President and CEO of Hawaiian Electric, HEI’s largest subsidiary, will be named the new CEO of HEI, effective January 1. He will also be appointed to the Board of Directors of HEI and will become Chairman of the Board of Directors of American Savings Bank. , replacing Lau, also effective January 1.
Shelee Kimura, senior vice president of customer service and public affairs at Hawaiian Electric, will succeed Seu as president and CEO of public service, becoming the first female CEO in the company’s 130-year history. according to a press release.
Lau has been part of the HEI family of companies since 1984 and has held the most senior position at HEI since 2006. She was President and CEO of American Savings Bank from 2001 to 2008, and prior to that, held senior positions in key leadership positions at HEI and Hawaiian. Electric.
The appointments of Seu and Kimura, along with the appointment of Ann Teranishi, who became president and CEO of American Savings Bank earlier this year, are part of a succession planning process. multi-year initiative undertaken by the boards of directors of HEI, Hawaiian Electric and American Savings Bank.
“With years of experience in our businesses and in the communities we serve, Scott and Shelee have helped lead Hawaiian Electric’s clean energy transformation and are committed to decarbonizing our economy and the health of our communities. . “ Lau said in a press release. “They understand what is at stake for Hawaii and how to work successfully with stakeholders and community partners. I am excited about the future of our businesses under the leadership of Scott, Shelee and Ann.
The new combined management team has over 75 years of experience with HEI companies.