Board of Directors
Hawaiian Electric Industries

In addition to extensive leadership expertise, Admiral Fargo brings to the Board deep knowledge of the U.S. military, a major customer of HEI’s electric utility subsidiary and a key driver of Hawaii’s economy. He has top level management, strategic planning and financial and non-financial risk assessment skills developed over 40 years of leading nine organizations ranging in size from 130 to 300,000 people and managing budgets up to $8 billion.

PROFESSIONAL EXPERIENCE

• Owner, Fargo Associates LLC (since 2005) (defense and homeland/national security consultancy)
• Commander of the U.S. Pacific Command (retired)

Public company boards

• The Greenbrier Companies (since 2015) (rail manufacturing & licensing services)
• Matson Inc. (since 2012) (transportation & logistics)

Past public company boards

• Huntington Ingalls Industries (2011-2020) (military shipbuilder)
• Northrop Grumman Corporation (2008-2011)
• Hawaiian Holdings, Inc. (2005-2008) (Hawaiian Airlines holding company)
• Alexander & Baldwin (2010-2011)

Other positions

• Vice Chairman, United Services Automotive Association
• Adivsory Board Member, National Bureau of Asian Research
• Director, AtHoc (until 2016)
• Director, GTA Teleguam (until 2017)
• Senior Advisor, SKAI Ventures
• Director, Hawaiian Electric Company, Inc. (HEI subsidiary) (2005-2016)

Education

• Bachelor of Science, United States Naval Academy
• Executive and business training - Harvard University; Stanford University

Ms. Lau has deep industry and operational expertise having served in leadership capacities spanning several functions across HEI and its subsidiaries. Ms. Lau’s expertise and leadership have been recognized nationally, leading her to be named Chair of the National Infrastructure Advisory Council, and to be named as a clean energy ambassador for the U.S. Department of Energy Clean Energy Ministerial C3E Initiative. Ms. Lau is also recognized as a transformational leader, having been identified by the US Banker List of Most Powerful Women in Banking in 2004, 2005, 2006 for transforming ASB into a full-service community bank.

Signing the groundbreaking Hawaii Clean Energy Initiative with the Governor of State of Hawaii also secured Ms. Lau the Women in Clean Energy & the Environment, Woman of the Year award, 2011.

Professional experience

• Chair, National Infrastructure Advisory Council (since 2012)
• President and Chief Executive Officer, American Savings Bank (2001-2006)
• Chief Operating Officer, ASB (1999-2001)
• Treasurer, HEI (1989-1999)
• Treasurer, Hawaiian Electric and Assistant Treasurer, HEI (1987 - 1989)
• Assistant Corporate Counsel, Hawaiian Electric Company (1984-1987)

Public company boards

Matson Inc. (since 2012)

Past public company boards

Alexander & Baldwin (2004-2012)

Other positions

• Board Member, Edison Electric Institute
• Former Board Member, Electric Power Research Institute
• Board Member, Associated Electric & Gas Insurance Services
• Board Member, Hawaii Business Roundtable
• Board Member, Foundation for Asia-Pacific Center for Security Studies
• Board Member, Elemental Excelerator
• Member of Federal Electricity Subsector Coordinating Council
• Chair, Hawaiian Electric Company (2006-2019)
• Former Member of the Federal Reserve Bank of San Francisco’s Twelfth District Community Depository Advisory Council (2011-2014)
• Chair, Consuelo Foundation
• Trustee, Punahou School
• Chair, Military Affairs Council, Chamber of Commerce of Hawaii

Education

• Master of Business Administration, Stanford Graduate School of Business
• Juris Doctor, Hastings College of the Law, University of California
• Bachelor of Science in Administrative Sciences, Yale College

Ms. Connors has considerable experience in environmental sustainability from serving as Executive Director of Hawaii Green Growth Local2030 hub, which was recognized by the United Nations in 2018 as one of the world’s first hubs for sustainability solutions. Her proven track record of working to achieve Hawaii’s energy and sustainability goals will add significant value to HEI’s efforts to accelerate a sustainable future for Hawaii.

Ms. Connors has significant government, regulatory and policy development experience from serving as Director for Environment and Climate Change at the National Security Council and National Economic Council in the White House, as well as a Foreign Service Officer with the U.S. Department of State. She has advised the President, Vice President, Cabinet members and other governmental leaders on environment and sustainable development policy.

Her deep understanding of the business, government and non-profit communities in the Hawaiian Islands from serving as Executive Director of Hawaii Green Growth Local2030 hub and CEO and Co-Founder of c.dots development contribute significantly to the Board's understanding of Hawaii's unique business environment.

Professional experience

• Practitioner in Residence (Energy, Resources and Environment Program), Johns Hopkins University School of Advanced International Studies (SAIS) (since 2012)
• Chief Executive Officer and Co-Founder, c.dots development (builds partnerships to deliver sustainable and resilient infrastructure in local communities) (since 2012)
• Director for Climate Change and Environment, National Security Council and National Economic Council in the White House (2008-2012)
• Foreign Service Officer, U.S. Department of State (2000-2012)
• Foreign Affairs Advisor (Office of the Mayor), City of New York (1999-2000)

Education

• Master of Science (MSc), Development Studies, University of London, School of Oriental and African Studies (SOAS)
• Bachelor of Arts, International Relations, Tufts University

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

Ms. Fowler’s position as Chief Executive Officer of a NYSE-listed public utility company imparts significant industry, operations, leadership and management expertise to the Board.

Ms. Fowler has deep environmental and renewable energy expertise. During Ms. Fowler’s tenure as CEO, 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.

Professional experience

35 years of executive leadership, senior officer and operating positions, PGE

Public company boards

Umpqua Holdings Corp. (since 2009, Chairman 2012-present) (bank holding company)

past public company boards

Portland General Electric (2006-2012)

Other positions

• Director and committee member, Cambia Health Solutions (not-for-profit health insurer) (since 2005)
• Director, PGE Foundation (since 1997)
• Director, Portland Branch of Federal Reserve Bank of San Francisco (2007-2011)

Education

• Public Utility Executive Program, University of Idaho and University of Michigan
• Bachelor of Science, Chemistry and Bachelor of Science, Math, George Fox University

Mr. Kane is a well-respected leader in the State of Hawaii and brings extensive leadership and a deep understanding of Hawaii's cultural, business and political environment to the Board.

His career has been distinguished by his leadership of significant private and public trusts, including his current role as Chief Executive Officer of Hawaii Community Foundation, Hawaii's largest and oldest Foundation, his service as a Trustee of the largest land trust in the state of Hawaii, Kamehameha Schools, a private school system established under the will of Princess Bernice Pauahi Bishop to educate Native Hawaiians and his prior role as Chairman/Director of the State of Hawaii Department of Hawaiian Homelands.

He is skilled in government affairs, policy development, public relations, and crisis management through his service as Chairman/Executive Director of the Hawaii Republican Party.

Relevant professional experience

• President and Chief Executive Officer, Hawaii Community Foundation (statewide charitable foundation, managing over $675 million in assets and distributing more than $62 million in grants in 2018) (since July 2017)
• President and Chief Operating Officer, Hawaii Community Foundation (2016 to June 2017)
• Chief Operating Officer, Pacific Links Hawaii LLC (golf course owner, developer and operator) (2011-2015)
• Principal, The KANE Group LLC (Hawaii-based company focused on land and financing matters for planned community infrastructure and general business development)(since 2010)
• Kamehameha Schools ($12 billion Native Hawaiian trust with more than 397,000 acres of land holdings in Hawaii), Trustee (since 2009).

Relevant skills & qualifications

• Executive management, leadership and strategic planning skills from prior service as Chief Operating Officer of Pacific Links Hawaii and Trustee of Kamehameha Schools and from prior role as Chairman/Director of the Department of Hawaiian Home Lands.
• Finance and investment expertise gained through oversight of $10 billion asset portfolio as Trustee of Kamehameha Schools and through spearheading bond transactions as Chairman/Director of Department of Hawaiian Home Lands.
• Experience managing complex capital expenditure programs from overseeing development of master planned communities and from managing annual $150 million capital improvement budget for the Department of Hawaiian Home Lands.
• Skilled in government affairs, policy development, public relations and crisis management from prior service as Chairman/Executive Director of the Hawaii Republican Party.

Other positions

• Director, Na Ku Pa'a O Kūhiō, not for profit focused on supporting the beneficiaries of the Hawaiian Homes Commission Act.
• Chairman, Menlo College Board of Trustees

Education

• Master of Business Administration, University of Hawai'i at Mānoa
• Bachelor of Arts, Business Administration, Menlo College

Ms. Powell has significant experience in utilities and renewable energy, having served as President and CEO of Green Mountain Power since 2008. Under her leadership, the company became the world’s first utility to become a Certified B Corporation (a business that balances purpose and profit). Ms. Powell led an ambitious energy vision to dramatically ramp up local renewable resources in Vermont.

Ms. Powell has relevant public board experience, serving as a director at Sunrun Inc., where she is a member of the compensation committee.

Ms. Powell’s track record of leadership and innovation has received national acclaim; she was named as one of Fast Company’s ‘‘100 Most Creative People in Business’’ in 2016 and as one of CEO Connection’s ‘‘2017 Most Influential Women of the Mid-Market,’’ among other recognitions.

Professional experience

• Vice President (Human Resources and Organizational Development), then Vice President (Administration), then Senior Vice President (Customer and Organizational Development), then Senior Vice President and Chief Operating Officer, Green Mountain Power (1998-2008)
• President, HR Works (total solutions provider of human resource management and benefits administration services) (1997-1998)
• VP Human Resources, VP Retail Banking and SVP of Retail Banking, Key Bank of Vermont (1992-1997)

Public company boards

Sunurn Inc. (Since Feb 2018), Compensation Committee Member

Other positions

• Vice Chair, Vermont Chamber of Commerce (2010-2012)
• Chair, Vermont Business Roundtable (2012-2014)
• Director, American Savings Bank (HEI Subsidiary)

Education

Associate of Science, Keene State College

Within three major financial institutions, Mr. Russell served as an executive and/or Director and held domestic and international positions in all areas of banking, finance, capital markets and risk management. He has served on numerous panels on corporate governance and strategic direction.

Mr. Russell’s years of executive leadership experience in financial service operations, particularly as an executive officer of a major lender to the electric utility industry, contribute invaluable expertise to the Board. His prior service as Chief Risk Officer of a large financial institution strengthens the Board’s risk management capabilities.

Professional experience

• Vice Chair/Chief Risk Officer, Mellon Financial Corp (1991-2001)
• President and Chief Operating Officer, Glendale Federal Bank (1983-1991)
• Senior Vice President, Security Pacific Corporation (1974-1983)

Public company boards

Sunstone Hotel Investors (since 2003)

Past public company boards

Nationwide Health Properties (2002-2011)

Other positions

• Director, KBS Growth and Income REIT
• Director, American Savings Bank (HEI subsidiary)
• Director, ASB Hawaii (HEI subsidiary) (2014-2016)

Education

• Master of Arts, Northwestern University
• Bachelor of Arts, University of Washington

Mr. Scilacci has significant leadership and operational management experience through serving as CFO of Edison International, a publicly-traded company whose market cap increased substantially during Mr. Scilacci’s tenure. He has extensive experience communicating with Wall Street analysts, investors, and rating agencies and has demonstrated a strong track record of considerable shareholder value creation.

Mr. Scilacci’s track record of success is highlighted by his recognition as one of the top CFOs in the electric utility sector by a 2017 Institutional Investor survey of investors and sell-side analysts.

Professional experience

• Senior Vice President and Chief Financial Officer, Edison Mission Energy (competitive generation subsidiary of Edison International) (2005-2008)
• Vice President and Chief Financial Officer, then Senior Vice President, Chief Financial Officer Southern California Edison Company (subsidiary of Edison International and one of the largest electric utilities in the U.S.) (2000-2005)
• Assistant Treasurer, Southern California Edison (1993-1996)
• Manager, Corporate Finance and Financial Analyst, Southern California Edison (1984-1993)

Other positions

Director, QF Resources Southern California Edison (1995-2000)

Education

• Master of Business Administration, Santa Clara University
• Bachelor of Arts, University of California, Los Angeles

Ms. Zlotnicka’s experience as a sustainable investing professional with a background in utilizing markets, policy, and partnership to motivate the private sector to simultaneously improve sustainability, profitability and competitiveness, brings highly valuable perspective to the Board. In her current position as Managing Director for the ValueAct Spring Fund, an investor in HEI, she identifies companies whose technology and products are solving environmental and social issues and actively supports them through various industry, governance or other significant transitions. As ValueAct Capital’s Head of Stewardship, Ms. Zlotnicka also leads the firm’s engagement with other shareholders and the broader corporate governance community.

As director at Unifi, where she serves as a member of the audit committee and the corporate governance and nominating committee, Ms. Zlotnicka has experience in guiding the implementation of ambitious sustainability strategies in addition to other strategic efforts and financial oversight. Recently she was recognized among WomenInc.’s 2019 Most Influential Corporate Board Directors.

Prior to joining ValueAct Capital, Ms. Zlotnicka served as the US lead Sustainability and Environmental, Social and Governance (ESG) equity research analyst at Morgan Stanley. During her tenure, Morgan Stanley’s Global Sustainability Research team ranked #1 in Sustainable and Responsible Investment Research by the 2017 Extel IRRI survey. Ms. Zlotnicka was also individually ranked as #1 for "Best Understanding of Companies" as voted by corporate participants. Additionally, Ms. Zlotnicka has familiarity with the academic, public and non-profit sectors, most notably having worked with the US Environmental Protection Agency on public-private partnerships and the Environmental Defense Fund on corporate investment in energy efficiency.

Professional experience

• Over ten years of experience in sell-side research in sustainability, ESG and fixed income, including leading sustainability research teams at Morgan Stanley
• Managing Director, ValueAct Spring Fund: Head of Stewardship, ValueAct Capital (2018-2020)

Stanley Public company boards

• Unifi, Inc. (since 2018) (innovative textile products)

Other positions

• Women Investing for a Sustainable Economy (“WISE”), Co-Founder (since 2012)Board Observer, Arcadia Power, Inc. (since 2018)
• Investor Advisory Group Member, Sustainability Accounting Standards Board (since 2019)

Education

• Master of Business Administration and Master of Environmental Science, Yale University
• Bachelor of Science in Economics, Wharton School, and Bachelor of Science in Computer Science & Engineering, University of Pennsylvania