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Cox, Wo join FHB board; Harrison to assume chairman role
HAGÅTÑA, Guam—First Hawaiian Bank announced yesterday the appointments of two new board members:
• Matthew Cox, president and CEO of Matson, Inc.
• Scott Wo, chief investment officer, C.S. Wo & Sons, Ltd.
Both of these executives are strong leaders within their own companies, and are willing to share their expertise with the bank. They are also individuals who have proven their commitment to the community, which is very important to the bank and its board members. These two appointments follow the retirement from the board by Dr. Richard T. Mamiya and Robert C. Wo.
The Board of Directors of First Hawaiian Bank also announced yesterday that president and chief executive officer, Robert S. Harrison, will become chairman of the board following the retirement of Donald G. Horner as chairman.
Horner, who has served as board chairman since 2008, will remain a member of both the bank’s board and the BancWest Corporation board.
“Don is an extraordinary business leader and public servant and we appreciate the significant contributions he has made in working with the board of directors and the bank’s senior management team to oversee First Hawaiian’s development as Hawaii’s leading bank,” said Harrison. “With Don’s continued service on the board, the bank will benefit greatly from his steady guidance and commitment to good governance.”
Harrison will retain his current responsibilities as the bank’s president and chief executive officer and will add the title of chairman of the board. He has over 25 years of financial services industry experience, joining First Hawaiian as a business banker in 1996
“This was the logical next step in our succession plans,” said Horner. “Bob is committed to continuing the bank’s legacy of steady, consistent growth, relationship banking, and community support.”
First Hawaiian Bank recently reported strong first quarter 2014 performance with solid earnings of $53.2 million. The bank achieved record levels in Deposits of $13.8 billion and Loans of $9.5 billion with assets at $17.3 billion.
First Hawaiian Bank (www.fhb.com) was founded in 1858 and is Hawaii’s oldest and largest bank. It operates 57 branches in Hawaii, three on Guam and two on Saipan. (FHB)
