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Bank of Hawaii Corp (BOH.N)

BOH.N on New York Stock Exchange

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Summary

Name Age Since Current Position

Peter Ho

52 2010 Chairman of the Board, President, Chief Executive Officer

Kent Lucien

64 2017 Vice Chairman of the Board, Chief Strategy Officer

Dean Shigemura

54 2017 Chief Financial Officer, Vice Chairman

Mark Rossi

68 2007 Vice Chairman, Chief Administrative Officer, General Counsel, Corporate Secretary

Mary Sellers

61 2005 Vice Chairman, Chief Risk Officer

Wayne Hamano

63 2008 Vice Chairman, Chief Commercial Officer

Sharon Crofts

52 2016 Vice Chairman - Client Solutions Group

James Polk

51 2017 Vice Chairman - Mortgage Banking and The Private Bank

Donna Tanoue

63 2007 Vice Chairman - Client Relations and Community Activities

Brent Flygar

50 2017 Senior Vice President, Controller

Mary Bitterman

73 1999 Lead Independent Director

S. Haunani Apoliona

68 2004 Independent Director

Mark Burak

69 2009 Independent Director

Clinton Churchill

74 2001 Independent Director

Robert Huret

73 2000 Independent Director

Alicia Moy

40 2017 Independent Director

Victor Nichols

61 2014 Independent Director

Barbara Tanabe

68 2004 Independent Director

Raymond Vara

48 2013 Independent Director

Robert Wo

65 2002 Independent Director

Biographies

Name Description

Peter Ho

Mr. Peter S. Ho is Chairman of the Board, President, Chief Executive Officer of the Company. Mr. Ho has served as Chairman and CEO of the Company since July 2010; President since April 2008; Vice Chair and Chief Banking Officer from January 2006-April 2008; Vice Chair, Investment Services Group from April 2004-December 2005; and Executive Vice President, Hawaii Commercial Banking Group from February 2003-April 2004. In 2015, Mr. Ho was elected to serve a second three-year term on the board of the Federal Reserve Bank of San Francisco. Mr. Ho served as Chairman of the 2011 Asia Pacific Economic Cooperation Hawaii Host Committee and the 2016 National Host Committee for the International Union for Conservation of Nature. Mr. Ho is active in the Hawaii community and serves on several boards, including American Red Cross-Hawaii, Hawaii Community Foundation, McInerny Foundation, Shane Victorino Foundation, the Strong Foundation, the East-West Center, and the Hawaii Bankers Association. He is a member of the Financial Services Roundtable, the Hawaii Business Roundtable, the Hawaii Asia Pacific Association, the Hawaii Chamber of Commerce-Military Affairs Council Executive Committee, and an Advisory Board member of Mental Health America of Hawaii. Mr. Ho holds a bachelor of science degree in business administration and an M.B.A. from the University of Southern California. He is also a 2008 graduate of Harvard Business School's Advanced Management Program.

Kent Lucien

Mr. Kent Thomas Lucien serves as Vice Chairman of the Board, Chief Strategy Officer of the Company effective March 1 2017. Mr. Lucien was elected to the Board in 2006 and served as Chair of the Audit & Risk Committee prior to becoming the Company's Chief Financial Officer. Mr. Lucien assumed the role of Vice Chair and Chief Strategy Officer in March 2017 to execute the bank's key strategic initiatives, including the "Branch of Tomorrow" modernization project and leveraging information and technology to reshape the delivery of banking services, products and experiences with a customer focus. Mr. Lucien served as Vice Chair and Chief Financial Officer of the Company from April 2008 to February 2017. Prior to his employment with the Company, Mr. Lucien served as a Trustee for C. Brewer & Co. Ltd., (a Hawaii corporation engaged in agriculture, real estate and power production and also held key executive positions at C. Brewer & Co. Ltd., including Chief Executive Officer of Operations, Controller, and Chief Financial Officer. He also worked for Pricewaterhouse Coopers and is a Certified Public Accountant (inactive). He serves on the boards of Wailuku Water Company LLC and Hawaii Humane Society. Mr. Lucien received his bachelor's degree from Occidental College and his M.B.A. from Stanford University.

Dean Shigemura

Mr. Dean Y. Shigemura is Chief Financial Officer, Vice Chairman of the Company effective March 1 2017. Mr. Shigemura was promoted to senior vice president in 2002, and was named executive vice president and bank treasurer the following year. In 2014, Shigemura was promoted to controller. Prior to Bank of Hawaii, he worked as vice president and financial analyst for The Shidler Group. A graduate of the Wharton School at the University of Pennsylvania, Shigemura holds a master's degree in finance and management. He earned his bachelor's degree in electrical engineering from the University of Washington in Seattle. In 2012, he graduated from Harvard Business School's Advanced Management Program, and also holds a Certified Public Accountant designation in the state of Hawaii. Shigemura is currently on the board of directors of the Diamond Head Theatre. He has been Vice Chairman since December 2017, and Chief Financial Officer since March 2017; Senior Executive Vice President and Controller from August 2014 to February 2017; Senior Executive Vice President and Treasurer from May 2008 to July 2014.

Mark Rossi

Mr. Mark Alan Rossi is Vice Chairman, Chief Administrative Officer, General Counsel, Corporate Secretary of the Company. He served as President of Lane Powell PC from July 2004 to January 2007.

Mary Sellers

Ms. Mary E. Sellers is Vice Chairman, Chief Risk Officer of the Company. She has also served as Executive Vice President, Director of Risk Management of the company from June 2003 to June 2005.

Wayne Hamano

Mr. Wayne Y. Hamano is Vice Chairman, Chief Commercial Officer of the Company. He also oversees the Commercial Banking and Investment Services Groups; Senior Executive Vice President, Hawaii Commercial Banking Division from July 2006 to September 2007. He has been Vice Chairman since December 2008 and Chief Commercial Officer since September 2007.

Sharon Crofts

Ms. Sharon M. Crofts is Vice Chairman - Client Solutions Group of the Company. She has been Vice Chairman, Client Solutions Group since April 2016; Vice Chairman, Operations and Technology from October 2012 to March 2016; Senior Executive Vice President of Operations from May 2008 to October 2012.

James Polk

Mr. James C. Polk is Vice Chairman - Mortgage Banking and The Private Bank of the company. He has been Vice Chairman, Mortgage Banking since July 2017 and Consumer Banking now known as The Private Bank from June 2016 to June 2017; Senior Executive Vice President, Consumer Banking from January 2016 to May 2016; Senior Executive Vice President, Mortgage Banking from August 2014 to January 2016; Senior Executive Vice President, Commercial Banking from September 2010 to July 2014.

Donna Tanoue

Ms. Donna A. Tanoue is Vice Chairman- Client Relations and Community Activities of the Company. She has been Vice Chairman, Client Relations and Community Activities since February 2007; President of the Bank of Hawaii Foundation since April 2006.

Brent Flygar

Mr. Brent T. Flygar serves as Senior Vice President, Controller of the Company effective March 1 2017. Prior to joining Bank of Hawaii in 2009, he served 11 years as a senior manager in the tax department of Ernst & Young LLP in Las Vegas, Nev. and Los Angeles, Calif. Flygar holds a master's degree in taxation from Golden Gate University in Los Angeles, a bachelor's degree in accounting from California State University, Fullerton, and holds a Certified Public Accountant designation in the state of California. Flygar serves on the board of directors for Tax Foundation of Hawaii.

Mary Bitterman

Dr. Mary G. F. Bitterman is Lead Independent Director of Bank of Hawaii Corp. Since 2004, Dr. Bitterman has served as President and Director of the Bernard Osher Foundation (a 41 year-old philanthropic organization headquartered in San Francisco that supports higher education and the arts). Previously, Dr. Bitterman served as President and CEO of the James Irvine Foundation, an independent grant-making foundation serving Californians. Prior to that, she served as President and CEO of KQED, one of the major public broadcasting centers in the United States. Dr. Bitterman served as Executive Director of the Hawaii Public Broadcasting Authority, director of the Voice of America, and director of the Hawaii State Department of Commerce and Consumer Affairs (and simultaneously ex-officio Commissioner of Financial Institutions, She was a member of the Barclays Global Investors board for nine years, serving on the Audit & Risk Committee as well as chairing the Nominating & Corporate Governance Committee. Dr. Bitterman currently serves as a director of the Bay Area Council Economic Institute, the Hawaii Community Foundation, the Commonwealth Club of California and Board Chair of the PBS Foundation, and an Advisory Council member of the Stanford Institute for Economic Policy Research and the Public Policy Institute of California. Dr. Bitterman received her bachelor of arts degree from Santa Clara University and her M.A. and Ph.D. from Bryn Mawr College.

S. Haunani Apoliona

Mme. S. Haunani Apoliona is Independent Director of Bank of Hawaii Corp. Ms. Apoliona has dedicated more than 35 years working with and on behalf of Native Hawaiians. Her knowledge of Native Hawaiian affairs and cultural and charitable causes in Hawaii gives her a unique perspective on the values and interests of our core market, which pervade the business environment. These insights inform the discussion at both the Board and on the Nominating & Corporate Governance Committee. Ms. Apoliona was elected Trustee of the Office of Hawaiian Affairs ("OHA") (entity established by the Constitution of the State of Hawaii to improve the conditions and protect the entitlements of Native Hawaiians) in 1996 and served five four-year terms ending November 8, 2016. As Chairman of the OHA Board from 2000 through 2010, she led the pursuit of Federal Recognition for Native Hawaiians, resolution of long-standing ceded land revenue disputes, and a vast array of advocacy initiatives for Native Hawaiians. Ms. Apoliona was President and Chief Executive Officer of Alu Like, a non-profit organization whose mission is to assist Native Hawaiians in achieving social and economic self-sufficiency, including workforce training, vocational education, and training in entrepreneurship, business development and computer technology. Ms. Apoliona studied at the University of Hawai'i Manoa graduating with bachelor's degrees in Sociology and Liberal Arts (Hawaiian Studies) and a master's degree from the School of Social Work.

Mark Burak

Mr. Mark A. Burak is Independent Director of the Company. Mr. Burak was an independent consultant providing planning and business performance evaluation advisory services. He formerly served as Executive Vice President for Planning, Analysis and Performance Measurement at Bank of America, having retired after more than thirty years of service. Mr. Burak held various accounting and finance positions based in Chicago, London, San Francisco, and Charlotte at Bank of America and the former Continental Illinois National Bank. Mr. Burak is a Certified Public Accountant and served as Controller, Managing Director of Management Accounting & Analysis, Business Segment Controller, and Regional Controller for Europe and Asia for the former Continental Illinois National Bank. He serves on the Board of Trustees of the Honolulu Museum of Art and also as Treasurer and Chairman of the Finance Committee. He is a member of Financial Executives International, having served on several local chapter boards and as President of the San Francisco Chapter, and is a member of the American Institute of Certified Public Accountants. Mr. Burak received his bachelor's degree in business administration in public accounting from Loyola University of Chicago and his M.B.A. in finance from the Kellogg Graduate School of Management at Northwestern University.

Clinton Churchill

Mr. Clinton R. Churchill is Independent Director of the Company. He is a former Trustee, Estate of James Campbell from 1992 through August 2017. He served as Chairman six of the 24 years. Prior to becoming a Trustee of the Estate of James Campbell, Mr. Churchill served as COO and CEO of the Estate. He also served as Controller, Financial Vice President, and President of Gaspro, Inc. Mr. Churchill was a management consultant with Touche Ross & Company. Mr. Churchill serves as Chairman of Pacific Aviation Museum at Pearl Harbor and Friends of Challenger Center Hawaii. Mr. Churchill served in various positions in the Hawaii Air National Guard, retiring as its Commander. He has also chaired several non-profit organizations and professional organizations, including Kapiolani Medical Center and The Economic Development Corporation of Honolulu. Mr. Churchill received his bachelor of science degree in business and his M.B.A. in management and finance from the University of Arizona.

Robert Huret

Mr. Robert A. Huret is Independent Director of the Company. Mr. Huret has 49 years of commercial banking, investment banking and private equity investment experience and has participated in over 100 bank and bank-related mergers, public offerings and joint ventures, with an emphasis on technology companies focused in the financial services industry. Since 1998, Mr. Huret is the Founding Partner of FTV Capital, a multi-stage private equity firm whose limited partners include many of the world's foremost financial institutions. He is also Chairman of Huret Rothenberg & Co., a private investment firm, and is a director of Financial Engines, Inc. Mr. Huret was formerly a senior consultant to Montgomery Securities. Mr. Huret served as Senior Vice President, Finance and Trust Executive Officer at Bank of California and Vice President of Planning and Mergers and Acquisitions at First Chicago Corporation. He also served as Trustee of Cornell University and San Francisco University High School. Mr. Huret received his bachelor of science degree in industrial and labor relations from Cornell University and his M.B.A. with distinction from Harvard University.

Alicia Moy

Ms. Alicia E. Moy serves as Independent Director of the Company. Ms. Moy has been President and Chief Executive Officer of Hawai'i Gas since May 2013, which is the state's only government-franchised, full-service gas company. From 2001 to 2013, Ms. Moy was Senior Vice President with Macquarie Infrastructure and Real Assets ("MIRA"), where she oversaw corporate strategy, strategic planning, funding and management of several MIRA-managed utility companies, including Hawai'i Gas. She has served as a member of Hawai'i Gas' board of directors since 2011. From 1999-2001, Ms. Moy worked for Morgan Stanley in the Investment Banking division, where she was involved in corporate finance and mergers and acquisitions for private equity clients. Ms. Moy is a member of the Hawaii Business Roundtable and serves on the boards of Aloha United Way, the Chamber of Commerce of Hawaii, the Western Energy Institute, MIC Renewable Energy Holdings, and Hawai'i Workforce Development Council. She also sits on advisory boards for the Hawaii Clean Energy Initiative and Women in Renewable Energy. Ms. Moy holds a bachelor's degree in finance and marketing from the University of Miami and a master's degree in finance from INSEAD.

Victor Nichols

Mr. Victor K. Nichols is Independent Director of the Company. He has 37 years of experience and knowledge in both information technology and the financial services industry as well as his background and expertise in strategic planning add a valuable global perspective to the Board in understanding the increasingly important role information technology has in the financial services industry. Since January 1, 2017, Mr. Nichols has been the Chief Executive Officer of Harland Clarke Holdings, which oversees Harland Clarke, Scantron, Retail Me Not, and Valassis. He was Chief Executive Officer of Valassis, a leader in intelligent media delivery from April 2015 through December 2016. Mr. Nichols previously served as Chief Executive Officer of North American and President of Global Consumer Services for Experian, the leading global information services company providing data and analytical tools to clients around the world. Prior to joining Experian, he served as Chief Information Officer leading all key technology functions at Wells Fargo & Company. Mr. Nichols also was President of Safeguard Business Systems and held senior positions at Bank of America in interstate banking integration, consumer loan services, and operations. Mr. Nichols was past President and founding partner of VICOR, Inc., an advanced technology engineering firm leading business transformation with a concentration in the financial services industry. Mr. Nichols is a director and a member of the audit committee of Bridgepoint Education, Inc. and has been an Advisor to Mitek, an identification technology provider. In addition, he is a member of the Economics Leadership Council, University of California, San Diego. Mr. Nichols served on the Leadership Council for UCI Bren School of Information and Computer Sciences and on the Dean's Advisory Board, University of California, Irvine Merage School. Mr. Nichols holds a bachelor of science degree in economics from the University of California, San Diego.

Barbara Tanabe

Mme. Barbara J. Tanabe is Independent Director of Bank of Hawaii Corp. Ms. Tanabe has expertise in communications and issues management with over 30 years of experience in public affairs, crisis management, and broadcast journalism in the Unites States and Asia. Ms. Tanabe is Owner of Ho'akea Communications, LLC (a public affairs company) since 2003. She served as President and CEO of Hill & Knowlton/Communications Pacific and her own consulting firm, Pacific Century, where she counseled executives and government officials in the areas of cross-cultural communications, crisis and issues management, and news media management. As the first Asian-American women journalist in the nation, she pioneered news coverage of issues dealing with ethnic minorities, diversity, and civil rights. Ms. Tanabe co-founded a public policy research firm, Hawaii Institute of Public Affairs, which produced studies resulting in legislation to promote economic development in Hawaii. She is also co-chair and founder of the Hawaii Chapter of Women Corporate Directors, and serves as a member of the boards of Japan-America Society of Hawaii, the Crown Prince Akihito Scholarship Foundation, The American Judicature Society, and the Pacific Forum. Ms. Tanabe received her bachelor of arts degree in communications from the University of Washington and an M.B.A. from the University of Hawai'i.

Raymond Vara

Mr. Raymond P. Vara, Jr., serves as Independent Director of the Company. As President and CEO of Hawaii Pacific Health, he oversees Hawaii's largest health care provider comprised of Straub Clinic & Hospital, Kapiolani Medical Center for Women & Children, Pali Momi Medical Center, Wilcox Memorial Hospital and Kauai Medical Clinic. Prior to his appointment in 2012, he served as its Executive Vice President and Chief Executive Officer of Operations since 2004. Mr. Vara also served as Chief Financial Officer and Chief Executive Officer for Los Alamos Medical Center in New Mexico, an integrated health care service provider. Prior to joining the private sector, Mr. Vara held various positions in the United States Army, including Controller for the Army's Northwestern Healthcare Network, Deputy Chief Financial Officer of the Madigan Army Medical Center in Tacoma, Washington, and Assistant Administrator and Chief Financial Officer of Bassett Army Community Hospital in Fairbanks, Alaska. Mr. Vara is active in the Hawaii community and serves on several boards, including Island Insurance Company, Ltd., Island Holdings, Inc., American Heart Association-National Board (Treasurer and Chair of the Finance and Operations Committee), Red Cross - Hawaii State Chapter, Blood Bank of Hawaii, MidPacific Institute and Hawaii Pacific University (Chair of Compensation Committee). Mr. Vara holds a bachelor's degree in finance from Hawaii Pacific University and received his M.B.A. from the University of Alaska.

Robert Wo

Mr. Robert W. Wo, Jr., is Independent Director of the Company. As Owner and Director of C.S. Wo & Sons, Ltd. (a furniture retailer) since 1984, Mr. Wo has led this third-generation family-owned and operated business to become Hawaii's largest furniture retailer, ranking it among the Top 250 companies in the State of Hawaii and among the Top 100 furniture retailers in the nation. Mr. Wo is the Owner and Director of C.S. Wo & Sons, Ltd. since 1984. Mr. Wo is a member of the Hawaii Business Roundtable whose mission is to promote the overall economic vitality and social health of Hawaii. Mr. Wo is active in the community, having served on the boards of Aloha United Way, Junior Achievement of Hawaii, and Retail Merchants of Hawaii. He currently serves on the boards of Hawaii Medical Service Association, Assets School, and Iolani School. Mr. Wo received his bachelor's degree in economics from Stanford University and earned his M.B.A. from Harvard Business School.

Basic Compensation

Name Fiscal Year Total

Peter Ho

4,482,210

Kent Lucien

869,989

Dean Shigemura

1,423,670

Mark Rossi

1,849,670

Mary Sellers

1,941,900

Wayne Hamano

1,457,240

Sharon Crofts

--

James Polk

--

Donna Tanoue

989,313

Brent Flygar

--

Mary Bitterman

139,305

S. Haunani Apoliona

107,555

Mark Burak

113,305

Clinton Churchill

111,555

Robert Huret

115,055

Alicia Moy

110,576

Victor Nichols

113,055

Barbara Tanabe

118,805

Raymond Vara

119,305

Robert Wo

121,805
As Of  31 Dec 2017

Options Compensation