Board of Directors
American Savings Bank

Mr. Dahl has significant leadership, strategy, audit and risk-management expertise. He has in-depth experience in corporate transformation and restructuring, and in driving improved corporate governance and shareholder engagement. His experiences working in Hawaii and on the U.S. mainland, and in banking and the electric utility industry, bring valuable perspective to the Board.

Under Mr. Dahl’s leadership, Dole Food Company invested in a number of sustainability initiatives that secured external recognition. Dole was named one of the World’s Most Ethical Companies by Ethisphere Magazine, and undertook a carbon offset program to secure a carbon neutral operating footprint.

Professional experience

• Interim Chief Executive Officer, Dine Brands Global, Inc. (formerly known as DineEquity) (3/1/17 – 9/15/17) (franchisor of over 3000 Applebee’s and IHOP restaurants)
• President and Chief Operating Officer (2004-2007) and Chief Operating Officer (2002-2004), Dole Food Company
• President and Chief Operating Officer, Bank of Hawaii Corporation (1981-2002)
• Ernst & Young (1973-1981)

Public company boards

• Dine Brands Global, Inc. (formerly known as DineEquity) (since 2004); Non-Executive Chairman (since 2017)
• IDACORP (since 2008) (currently decommissioning/divesting ownership of its coal plants)

Past public company boards

Non-Executive Chairman, International Rectifier Corporation (2008-2015) (leading manufacturer and distributor of power management semi-conductors and researcher in battery storage)

Other positions

• Non-Executive Chairman, James Campbell Company, LLC (privately held real estate investment and development company), Executive Chair, President and CEO (2010-2016)
• Director, Hawaiian Electric Company, Inc. (HEI subsidiary)

Education

Bachelor of Science, University of Idaho

Mr. Kennedy has a unique mix of experience leading multiple fintech companies, combined with a decade-plus as an executive at or consultant to large US Based banks and financial institutions.

Most recently Mr. Kennedy has led numerous Fintechs from early stage, through rapid growth, to successful sale. His first startup, which he founded and led as CEO, was the Zelle Payments Network, formerly clearXchange.  Mr. Kennedy grew this from an idea to the largest person to person digital payments network in the world, eventually selling the company. Subsequently, Mr. Kennedy became the CEO of Interstellar, revolutionizing international payments using blockchain technology. Interstellar was acquired by Velo Labs, where he stayed on as the CEO of the combined organization.

As a banker, Mr. Kennedy was an Executive Vice President at Wells Fargo and Company. During his seven years at Wells Fargo he led Payments Strategy, Innovation, and Wealth Management Strategy and Implementation. This diversity of roles gave him both breadth and depth of banking knowledge. He was able to jump start this banking career through six years with McKinsey and Company’s financial services practice, advising C-suite executives on critical strategic and operational decisions.

This combination of experience with traditional banks, technology-driven Fintechs, and operational expertise required of a CEO makes Mr. Kennedy an invaluable addition to the board.

Relevant professional experience

• Chief Executive Officer, Velo Labs (2021-2022)
• Chief Executive Officer, Interstellar (2019-2021) – Acquired by Velo Labs
• President, North America, OFX (2017-2019)

Ms. Otani brings a wealth of experience both national and international related to corporate finance, risk management and commercial and investment banking. She has 27 years of leadership experience at one of the world's largest consumer banking institutions. She has extensive knowledge in the area of risk management from serving for 10 years as Senior Credit Officer at Citibank's global commercial and investment bank and serving on the Executive Committee of the Risk Management Association (New York).

At the height of the financial crisis in 2009, Ms. Otani advised some of the nation’s most prestigious financial services companies on multiple aspects of risk and regulatory compliance while serving as managing director of a global financial consulting firm.

As banking risk management has developed, Ms. Otani has been a sought-after leader. She is currently a partner providing a key advisory role for a cutting-edge financial risk management software company focused on innovative scenario-driven strategic business planning, capital and liquidity optimization, stress testing and risk management.

PROFESSIONAL EXPERIENCE

• Managing Director, Promontory Financial Group (a global consulting firm that advises clients on a variety of financial services matters, including regulatory issues, compliance, risk management, liquidity, restructuring, acquisitions, due diligence, internal investigations and cyber security) (2009-2018)
• Managing Director and Co-Head, Business Development and Global Relationship Banking, Citibank (2000-2009)
• Senior Credit Officer, Commercial and Investment Banking, Citibank (1990-2000)
• Manager, Corporate Finance Group, Office of the Chief Financial Officer, Citibank (1982-1990)

Other positions

• Director, American Savings Bank (HEI subsidiary) Member, Board of Governors of the Risk Management Association of New York
• Director, U.S. Japan Council (educational organization that contributes to strengthening U.S.-Japan relations), Chair, Audit Committee

Education

• Bachelor of Arts, East Asian Studies/History, Barnard College, Columbia University
• Master of Business Administration, Finance, New York University

Scott Seu is president and chief executive officer of HEI, the parent company of Hawaiian Electric, American Savings Bank and Pacific Current.

Prior to assuming his current role in January 2022, Seu was president and CEO of Hawaiian Electric, the electric utility serving 95% of Hawai‘i’s population. Seu joined Hawaiian Electric in 1993 and held numerous leadership positions across the company, including in the areas of environmental management, renewable energy development, electric system operations, and government and community affairs.

Seu also worked as a mechanical and environmental engineer in California and worked abroad in China before returning home to Hawai‘i.

In addition to his work at HEI, Seu is a board member of the Electric Power Research Institute and the Edison Electric Institute. He also serves various Hawai‘i non-profits, including as board chair of Hale Kipa and as a board member of Teach for America- Hawai‘i and Partners in Development Foundation.

Born and raised in Hawai‘i, Seu is a graduate of the Kamehameha Schools. He received his Bachelor’s and Master’s degrees in mechanical engineering from Stanford University, and is a licensed mechanical engineer in the State of Hawai‘i.

Professional experience

• President and Chief Executive Officer, Hawaiian Electric Company (February 2020 – December 2021)
• Senior Vice President, Public Affairs, Hawaiian Electric Company (January 2017 – February 2020)
• Vice President, System Operation, Hawaiian Electric Company (May 2014 - December 2016)
• Vice President, Energy Resources and Operations, Hawaiian Electric Company (January 2013 - April 2014)
• Vice President, Energy Resources, Hawaiian Electric Company (August 2010 - December 2012)

Other positions

• Director, Edison Electric Institute (the primary electric utility industry association representing all U.S. investor-owned electric companies)
• Director, Hale Kipa (a leading Hawaii non-profit providing safety net services to at-risk youth for over 50 years)
• Officer, Hawaii Society of Professional Engineers Educational Foundation
• Director, Regional Advisory Board Teach for America Hawaii
• Director, Electric Power Research Institute, Committee member, Governance and Nominating Committee
• Director, Electric Power Research Institute, Committee member, Governance and Nominating Committee

Education

• Mr. Seu is a graduate of the Kamehameha Schools. He received his Bachelor’s and Master’s degrees in mechanical engineering from Stanford University, and is a licensed mechanical engineer in the State of Hawaii.