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Horner retires as First Hawaiian Bank chairman

By Dave Segal

LAST UPDATED: 11:55 a.m. HST, May 19, 2014

First Hawaiian Bank Chairman Don Horner, who overcame opposition to be unanimously reappointed head of the state Board of Education, is retiring from his position at the state's largest financial institution. 

Bob Harrison, president and chief executive officer of First Hawaiian, will take on the additional role as chairman while Horner will remain on the board of directors at both the bank and parent company BancWest Corp., the First Hawaiian board announced Monday.

"This was the logical next step in our succession plans," Horner said. "Bob is committed to continuing the bank's legacy of steady, consistent growth, relationship banking, and community support."

Harrison, 53, became CEO on Jan. 1, 2012, when Horner retired from that position. Harrison has more than 25 years of financial services industry experience while Horner has been affiliated with First Hawaiian for 36 years.

 The board also announced Monday that Matthew Cox, president and CEO of Matson Inc.; and Scott Wo, chief investment officer of  C.S. Wo & Sons Ltd., were appointed to First Hawaiian's 24-member board. They will replace Dr. Richard T. Mamiya and Robert C. Wo., both whom retired.

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loquaciousone wrote:
Nice first Hawaiian faces.
on May 19,2014 | 12:09PM
LYD wrote:
Essentially handing down a board seat from father Wo to son Wo is a woeful example of why the vast majority of Hawaii's best and brightest leave - they know the game is rigged here. Actions always speak louder than words, and even more so in Hawaii.
on May 19,2014 | 12:24PM
Papakolea wrote:
Or could it be that Scott has a Bachelor's degree in business from the Wharton School at the University of Pennsylvania (one of the top business schools in the country), a masters degree in business and economics from Columbia and a PhD in business from UCLA? He could be making huge bucks on Wall Street but chose to come back home. He is a perfect example of the opposite of a brain drain.
on May 19,2014 | 01:01PM
false wrote:
If you really believe that I got the Royal Hawaiian Hotel to sell you. lol.
on May 19,2014 | 01:30PM
LYD wrote:
Yes, Papakolea, clearly a bright fellow, and I didn't say he wasn't qualified. But coming back to work in your family's 3rd generation businesses, while commendable, isn't quite the "opposite of a brain drain." IMHO, the harder brain drain which needs to be addressed here and is a sore (and often unacknowledged) point is to stem those from leaving who don't have a family dynasty/business connections to draw them back. And unfortunately there is no easy answer to that issue. But this is really about the message sent by First Hawaiian, nothing to do with Wo per se. It's simply an example.
on May 19,2014 | 01:36PM
inverse wrote:
Besides the DOE, unfortunately Horner's legacy for generations of Hawaii residents to come of an eternal tax ball and chain FOREVER is the train to nowhere and hiring Ansaldo, an Italian rail company shunned by almost ALL major American and European cities and all had to to do with the intimate connections between First Hawn Bank, PNB Parribas, Finmeccanica and Ansaldo. Like Bombardier, Ansaldo should have been removed from bidding from the Oahu rail project and the ONLY company in compliance to bid for the project was Mitsubishi. Everyone knows the Oahu project will fail in terms of approaching double the estimated cost, rail maintenance alone will be in the hundreds of millions FOREVER and the rail, verified by BOTH EIS statements by Parsons in the Harris and Hanneman administration will NOT improve Oahu traffic. That will be Horner's legacy.
on May 19,2014 | 02:01PM
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