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Hawaiian Electric Industries Inc. (HE)

27.51 Up 0.26(0.95%) Oct 24, 4:03PM EDT
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Hawaiian Electric Industries Inc.
1001 Bishop Street
Suite 2900
Honolulu, HI 96813
United States - Map
Phone: 808-543-5662

Index Membership:N/A
Industry:Electric Utilities
Full Time Employees:3,966

Business Summary 

Hawaiian Electric Industries, Inc., through its subsidiaries, is engaged in electric utility and banking businesses primarily in the State of Hawaii. The company is involved in the production, purchase, transmission, distribution, and sale of electricity. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, sugarcane waste, municipal waste, and other bio fuels, as well as fuel oils. The company distributes and sells electricity on the islands of Oahu, Hawaii, Maui, Lanai, and Molokai; and serves suburban communities, resorts, the United States armed forces installations, and agricultural operations. As of February 18, 2014, it supplied power to approximately 450,000 customers. The company also provides banking and other financial services, including deposit products, such as savings accounts, checking accounts, money market accounts, and certificates of deposit; and loans comprising residential and commercial real estate, residential mortgage, construction and development, multifamily residential and commercial real estate, consumer, and commercial loans to consumers and business. Hawaiian Electric Industries, Inc. was founded in 1891 and is headquartered in Honolulu, Hawaii.

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Corporate Governance 
Hawaiian Electric Industries Inc.’s ISS Governance QuickScore as of Oct 1, 2014 is 3. The pillar scores are Audit: 1; Board: 2; Shareholder Rights: 7; Compensation: 2.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Ms. Constance Hee Lau , 62
Chief Exec. Officer, Pres, Director, Member of Exec. Committee, Chairman of Hawaiian Electric Company Inc and Chairman of American Savings Bank F.S.B.
Mr. James A. Ajello , 61
Chief Financial Officer, Principal Accounting Officer and Exec. VP
Mr. Chester A. Richardson , 66
Chief Admin. Officer, Exec. VP, Gen. Counsel and Sec.
Mr. Richard F. Wacker , 52
Chief Exec. Officer of American Savings Bank F S B, Pres of American Savings Bank F S B and Director of American Savings Bank F S B
Mr. Clifford Chen , 41
Mang. of Investor Relations and Strategic Planning
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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