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Hawaiian Electric CEO Rosenblum to retire

By Dave Segal

LAST UPDATED: 03:19 p.m. HST, May 27, 2014

 Hawaiian Electric Co. President and CEO Richard Rosenblum has notified the company that he plans to retire within a year. 

Rosenblum, 64, has headed up the state's dominant utility since 2009. He joined the company after a 32-year career at Southern California Edison. 

 "In 2008, I made the decision to come out of retirement for the challenge of leading an organization embarking on an unprecedented slate of clean energy initiatives," Rosenblum said Tuesday. "Today, thanks to collaborative efforts with many partners, our utilities are meeting more than 18 percent of our customers' energy needs with renewable energy, compared to just 8 percent in 2008.  We lead the nation in rooftop solar photovoltaic systems per customer, and we're broadly recognized as an industry leader in the integration of renewable energy."

 Connie Lau, chairman of HECO and CEO of parent company Hawaiian Electric Industries Inc., said she is working with Rosenblum and his team on the ongoing energy planning process as well as the future leadership transition.

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CEO Rosenblum to retire from HECO

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GooglyMoogly wrote:
Spoiler alert: Connie Lau takes over as both HEI and HECO CEO, collecting two salaries (and bonuses). You're welcome.
on May 27,2014 | 03:21PM
HD36 wrote:
Why does a state enabled monopoly need subsidiaries, multiple CEO's ? It only raises the cost of electricity.
on May 28,2014 | 08:43AM
HD36 wrote:
HEI also owns American Savings Bank. At first I thought this was kind of a strange combination, but the utilities sector and the banking sector are both bailed out by the government in one form or another.
on May 28,2014 | 04:43PM
false wrote:
I'm sure he has a golden parachute.
on May 27,2014 | 05:05PM
what wrote:
Diamond encrusted platinum laced golden parachute with bags of hundred dollar bills from the pockets of custoemrs, in giant bags to cushion the soft and gentle landing onto a luxury retirement in an Italian marble palace. All paid for with your money.
on May 28,2014 | 03:15AM
lwandcah wrote:
Figures. Rake in all the exorbitant salaries while things are cruising along, and bale once it get rough. He got us here and now is abandoning ship. Sure am glad he's not the capt on a ship I am on.
on May 27,2014 | 05:06PM
lwandcah wrote:
In six years he has gotten us nowhere. We are light years behind where we could/should be.
on May 27,2014 | 05:40PM
harley1 wrote:
Do tell - where should we be under your plan and how do we get there? Don't forget that everything in your plan must be approved by the PUC.
on May 27,2014 | 08:23PM
lwandcah wrote:
HECO has had more than enough time to figure out how to incorporate power produced by all those that are able to install PV systems. Granted this issue should have addressed out long before Mr. Rosenblum signed on, but I believe that may have been a big part of why he was hired; to help figure it out. They have known for years that in a state where we are paying three times the national average for power, once this technology came to being, anyone and everyone who could afford it, could not afford not to install it, and anyone who thought that the public and private sector would not jump at the opportunity has their head stuck in the ground. You cannot profess to be all on board for green energy, and then not do everything you should be doing in order to back up your own words. As for the PUC, I would go a step further than simply saying that HECO needs to get their blessing. The fact is, the PUC should be the one pushing HECO to accommodate all that want (in many cases NEED) to install PV systems.
on May 28,2014 | 07:14AM
markat wrote:
Sorry to be the bearer of bad news, but if you're on the grid, you're on the ship. Even if you're paying a special $17 fare today because you bought your own lifeboat, HECO can always raise that rate it charges to keep the lifeboat tethered to the mother ship.
on May 28,2014 | 06:32AM
false wrote:
To hot too handle....smart move!
on May 27,2014 | 05:37PM
Uncleart66 wrote:
Going to work for......the Rail?
on May 28,2014 | 03:55AM
medigogo wrote:
You bet. Bigger boat, more glittering coins. Why not?
on May 28,2014 | 09:33AM
HD36 wrote:
Why does this state sponsored monopoly have subsidiaries with multiple CEO's and layers of bureaucracy which have to be funded ultimately by the cost of electricity prices? It's no liket General Electric with entirely different operations from medical technology to sub prime financing. These guys provide electricity to Hawaii. Perhaps with a higher operating budget they can get rate hikes easier.
on May 28,2014 | 07:57AM
Bully wrote:
Retire and walk away with millions made by ripping off Hawaii people.
on May 28,2014 | 09:19AM
HD36 wrote:
HEI also owns American Savings Bank. Utilities and banking take a lot of government support to run. I'm sure they donate heavily. Virtually no risk of going out of business from competition and tax payer bailouts.
on May 28,2014 | 05:02PM
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