Hawaiian Electric Industries Announces Appointments Of Paul Ito As CFO Through ~ December 31, 2024, Following Planned Retirement Of Tayne Sekimura; Utility Industry Veteran Scott DeGhetto To Join HEI As CFO Until Ito Resumes Position
Portfolio Pulse from Benzinga Newsdesk
Hawaiian Electric Industries (HEI) has announced leadership changes effective October 1, 2023. Paul Ito, currently EVP, CFO & treasurer of HEI, will serve as SVP, CFO & treasurer of Hawaiian Electric until approximately December 31, 2024, following the retirement of Tayne Sekimura. Scott DeGhetto, a veteran from Moelis & Company, will join HEI as CFO until Ito resumes his position. DeGhetto will remain at HEI in an advisory role from approximately January 1, 2025 until April 1, 2025.
September 18, 2023 | 8:16 pm
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Paul Ito, who previously held various leadership roles at Alexander & Baldwin, Inc. (A&B), is appointed as CFO of Hawaiian Electric.
Paul Ito's appointment as CFO of Hawaiian Electric is relevant to A&B as he previously held various leadership roles at the company. However, it's uncertain how this news will impact A&B's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Paul Ito's appointment as CFO of Hawaiian Electric and Scott DeGhetto's appointment as CFO of HEI could bring new strategic directions to the company.
The leadership changes at HEI could potentially bring new strategic directions to the company. However, it's uncertain how these changes will impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100