CONSTANCE H. LAU - Corporate Board Profile

HAWAIIAN ELECTRIC INDUSTRIES INC

Filing Date	Source Excerpt
2011-03-21	Constance H. Lau, age 59, director 2001-2004 and since 2006 Executive Committee Member Current and prior positions with the Company President and Chief Executive Officer and Director, HEI, since 2006 Chairman of the Board, Hawaiian Electric Company, Inc. (HEI subsidiary), since 2006 Chairman of the Board, American Savings Bank, F.S.B. (HEI subsidiary), since 2006 Chairman of the Board and Chief Executive Officer, American Savings Bank, F.S.B., 2008-2010 Chairman of the Board, President and Chief Executive Officer, American Savings Bank, F.S.B., 2006-2008 President and Chief Executive Officer and Director, American Savings Bank, F.S.B., 2001-2006 Senior Executive Vice President and Chief Operating Officer and Director, American Savings Bank, F.S.B., 1999-2001 Treasurer, HEI, 1989-1999 Financial Vice President and Treasurer, HEI Power Corp. (former HEI subsidiary), 1997-1999 Treasurer, Hawaiian Electric Company, Inc., and Assistant Treasurer, HEI, 1987-1989 Assistant Corporate Counsel, Hawaiian Electric Company, Inc., 1984-1987 Other public company directorships since 2006 Director since 2004 and Audit Committee Member, Alexander & Baldwin, Inc. Skills and qualifications for HEI Board service Intimate understanding of the Company from serving in various chief executive, chief operating and other executive, finance and legal positions at HEI and its subsidiaries over the last 26 years. Familiarity with current management and corporate governance practices from her current service as a director and Audit Committee member for Alexander & Baldwin, Inc. and as a director of AEGIS Insurance Services, Inc. Experience with financial oversight and expansive knowledge of the Hawaii business community and the local communities that compose the Company's customer bases from serving as a director for various local industry, business development, educational and nonprofit organizations. Utility and banking industry knowledge from serving as a director or task force member of the Hawaii Bankers Association, the American Bankers Association and the Edison Electric Institute.
2012-03-22	Constance H. Lau, age 60, director 2001-2004 and since 2006 and nominee for election as a Class I director at the 2012 Annual Meeting Executive Committee Member As HEI's President and Chief Executive Officer since 2006, Ms. Lau has extensive senior management experience and thorough knowledge of the Company's operations. ... Ms. Lau's intelligence and leadership stature has been recognized nationally, leading her to having been named to the National Infrastructure Advisory Council (NIAC) by President Obama and the Community Depository Institutions Advisory Council of the Federal Reserve Bank of San Francisco. ... Ms. Lau is an employee director. All other directors have been determined to be independent.
2013-03-26	Ms. Lau is an employee director. All other directors have been determined to be independent. See "Board of DirectorsWho are the independent directors of the Board?" above. Ms. Lau is the only employee director of HEI and therefore is not independent.
2014-03-25	Constance H. Lau Age 62 Executive Committee Member As HEI's President and CEO since 2006, Ms. Lau has extensive senior management experience and thorough knowledge of the Company's operations. Ms. Lau is an employee director. All other directors have been determined to be independent.
2015-07-10	Constance H. Lau Director 2001-04 and since 2006 Age 63 Executive Committee Member. As HEI's President and CEO since 2006, Ms. Lau has extensive senior management experience and thorough knowledge of the Company's operations.
2016-03-22	Constance H. Lau President and Chief Executive Officer
2017-03-23	Constance H. Lau President and Chief Executive Officer
2018-03-28	Constance H. Lau Director 2001-04 and since 2006 Age 66 Executive Committee Member As HEI's President and CEO since 2006, Ms. Lau has extensive senior management experience and thorough knowledge of the Company's operations. Prior to becoming CEO, Ms. Lau served in leadership capacities spanning several functions across HEI and its subsidiaries. Over her more than 30 years of service with the Company, Ms. Lau has acquired significant expertise with respect to the utility and banking industries. Further, having been exposed to virtually all aspects of HEI's operations, Ms. Lau brings a unique and comprehensive perspective to the Board. Ms. Lau's expertise and leadership have been recognized nationally, leading her to be named chair of the National Infrastructure Advisory Council, and to serve on the boards of leading national utility industry organizations.
2021-03-26	Constance H. Lau President and CEO, HEI Executive Committee Member Chairman, American Savings Bank (HEI subsidiary) Age: 69 HEI Director Since: 2001 (except from 2004-2006) Principal Occupation: President and Chief Executive Officer, HEI (since 2006) Ms. Lau is an employee director. All other directors have been determined to be independent. See “Board of Directors - Independent Directors” above. Ms. Lau, the only employee director of HEI, does not receive separate or additional compensation for serving as a director.

Matson, Inc.

Filing Date	Source Excerpt
2015-03-09	Constance H. Lau Age: 62 Director Since: 2004 ·President, Chief Executive Officer and Director of HEI, Honolulu, Hawaii (electric utility/banking) (NYSE:HE) since May 2006; ·Chairman of the Boards and Director of American Savings Bank, F.S.B. (ASB) and HECO, subsidiaries of HEI, since May 2006; ·Chief Executive Officer of ASB from June 2001 to November 2010; ·President and a Director of ASB from June 2001 to February 2008; and ·Director of Associated Electric & Gas Insurance Services since June 2008. Director Qualifications As President, Chief Executive Officer and a director of HEI, a large, publicly-traded Hawaii corporation, and as Chair of the Board of HEIs banking and utility subsidiaries, Ms. Lau brings to the Board experience with capital intensive infrastructure and regulated industries as well as in managing complex business organizations. She also serves as Chair, National Infrastructure Advisory Council, which advises the President of the United States on the security of critical infrastructure sectors, including transportation, and their information systems. In addition, Ms. Lau has extensive experience in the banking industry and has been designated by the Board of Directors as an Audit Committee Financial Expert. She also is knowledgeable about Hawaii and Matsons operating markets through her involvement in the Hawaii business community and local community organizations, including serving as chair of the Consuelo Foundation focused on charitable efforts in the Philippines. 2014 DIRECTOR COMPENSATION Name Fees Earned or Paid in Cash ($) Stock Awards ($)(1)(2) Change in Pension Value and Nonqualified Deferred Compensation Earnings ($)(3) All Other Compensation ($)(4) Total ($) Constance H. Lau 76,750 90,009 N/A 4,775 171,534
2016-03-14	Constance H. Lau Age: 63 Director Since: 2004 ·President, Chief Executive Officer and Director of HEI, Honolulu, Hawaii (electric utility/banking) (NYSE:HE) since May 2006; ·Chairman of the Boards and Director of American Savings Bank, F.S.B. (ASB) and HECO, subsidiaries of HEI, since May 2006; ·Chief Executive Officer of ASB from June 2001 to November 2010; ·President and a Director of ASB from June 2001 to February 2008; and ·Director of Associated Electric & Gas Insurance Services since June 2008. Director Qualifications As President, Chief Executive Officer and a director of HEI, a large, publicly-traded Hawaii corporation, and as Chair of the Board of HEIs banking and utility subsidiaries, Ms. Lau brings to the Board experience with capital intensive infrastructure and regulated industries as well as in managing complex business organizations. She also serves as Chair, National Infrastructure Advisory Council, which advises the President of the United States on the security of critical infrastructure sectors, including transportation, and their information systems. In addition, Ms. Lau has extensive experience in the banking industry and has been designated by the Board of Directors as an Audit Committee Financial Expert. She also is knowledgeable about Hawaii and Matsons operating markets through her involvement in the Hawaii business community and local community organizations, including serving as chair of the Consuelo Foundation, which focuses on charitable efforts in the Philippines. 2015 DIRECTOR COMPENSATION Constance H. Lau 84,250 90,012 N/A 5,028 179,290
2017-03-13	Constance H. Lau Age: 64 Director Since: 2004 ·President, Chief Executive Officer and Director of HEI... The Audit Committee members are: Ms. Lau, Chair, Mr. Baird, and Admiral Fargo... The Nominating and Corporate Governance Committee members are: Mr. Watanabe, Chair, Dr. Chun, Mr. Dods, and Ms. Lau... 2016 DIRECTOR COMPENSATION... Constance H. Lau 86,500 Fees Earned or Paid in Cash, 100,026 Stock Awards, 5,847 All Other Compensation, 192,373 Total.
2018-03-12	Constance H. LauAge: 65Director Since: 2004 President, Chief Executive Officer and Director of HEI, Honolulu, Hawaii (NYSE:HE) (electric utility/banking) since May 2006; and Chairman of the Boards and Director of American Savings Bank, F.S.B. ("ASB") and HECO, subsidiaries of HEI, since May 2006. Director Qualifications As President, Chief Executive Officer and a director of HEI, a large, publicly-traded Hawaii corporation, and as Chair of the Board of HEI’s banking and utility subsidiaries, Ms. Lau brings to the Board experience with capital intensive infrastructure and regulated industries as well as in managing complex business organizations. She also serves as Chair, National Infrastructure Advisory Council, which advises the President of the United States on the security of critical infrastructure sectors, including transportation, and their information systems. In addition, Ms. Lau has extensive experience in the banking industry and has been designated by the Board of Directors as an Audit Committee Financial Expert.
2019-03-11	Constance H. LauAge: 66Director Since: 2004 President, Chief Executive Officer and Director of HEI, Honolulu, Hawaii (NYSE:HE) (electric utility/banking) since May 2006; and Chairman of the Boards and Director of American Savings Bank, F.S.B. ("American Savings Bank") and Hawaiian Electric Company, Inc., subsidiaries of HEI, since May 2006. Director Qualifications As President, Chief Executive Officer and a director of HEI, a large, publicly-traded Hawaii corporation, and as Chair of the Board of HEI’s banking and utility subsidiaries, Ms. Lau brings to the Board experience with capital intensive infrastructure and regulated industries as well as in managing complex business organizations. She also serves as Chair, National Infrastructure Advisory Council, which advises the President of the United States on the security of critical infrastructure sectors, including transportation, and their information systems. In addition, Ms. Lau has extensive experience in the banking industry and has been designated by the Board of Directors as an Audit Committee Financial Expert. She also is knowledgeable about Hawaii and Matson’s operating markets through her involvement in the Hawaii business community and local community organizations, including serving as chair of the Consuelo Foundation, which focuses on charitable efforts in the Philippines. 2018 DIRECTOR COMPENSATION Name Fees Earnedor Paid in Cash($) Stock Awards($)(1)(2) All OtherCompensation($)(3) Total($) Constance H. Lau 96,500 100,008 2,436 198,944
2020-03-10	Constance H. Lau, President and Chief Executive Officer of Hawaiian Electric Industries, Inc. Age: 67 Audit (Chair) Nominating
2021-03-09	Constance H. Lau, President and Chief Executive Officer of Hawaiian Electric Industries, Inc. Age: 68. Chair of the Audit Committee. Member of Nominating and Corporate Governance Committee. 2020 total compensation: $181,738.
2022-03-14	Constance H. Lau, former President and Chief Executive Officer of Hawaiian Electric Industries, Inc. Age: 69. Committees: Audit (Chair), Nominating. Compensation: $225,585.
2023-03-13	Constance H. Lau, former President and Chief Executive Officer of Hawaiian Electric Industries, Inc. Age: 70. Chair of the Audit Committee. Committees: Audit (Chair), Nominating and Corporate Governance. 2022 Director Compensation total: $225,679.
2024-03-11	former President and Chief Executive Officer of Hawaiian Electric Industries, Inc.
2025-03-10	Constance H. Lau, retired President and Chief Executive Officer of Hawaiian Electric Industries, Inc. Age: 72. Chair of the Audit Committee. Committees: Audit, Nominating and Corporate Governance. 2024 compensation: $255,387.