Bank of Hawaii said Friday it is shuffling some of its top executives, including its chief financial officer.

Vice Chairman Kent Lucien, currently its chief financial officer, will become chief strategy officer while Senior Executive Vice President Dean Shigemura will be promoted to CFO from controller. Lucien, 63, was the second-highest-paid executive at Bankoh in 2015 with total compensation of $1.5 million, according to a proxy that the bank filed with the Securities and Exchange Commission in March.

Senior Vice President Brent Flygar is being promoted to controller and principal accounting officer from the position of financial reporting manager and director of corporate tax.

All the moves are effective March 1.

“These appointments reflect our continued commitment to develop and prepare our people for ever-expanding roles and responsibilities within the organization,” said Peter Ho, chairman, president and CEO of Bankoh. “Effective leadership development and long-term career planning are critical to our success as an organization.”

In his new position, Lucien will assist in developing and executing the bank’s strategic initiatives, including the “Branch of Tomorrow” modernization project. He also will be responsible for using technology to reshape the delivery of banking services, products and experiences with a customer focus. He will continue to oversee the bank’s corporate facilities and real estate department.

As CFO, Shigemura, 53, will supervise the bank’s treasury, financial reporting and investor relations departments.

Flygar, 49, will supervise the bank’s financial accounting and reporting, regulatory reporting, corporate taxation and Sarbanes-Oxley requirements. The Sarbanes-Oxley Act of 2002 was passed by Congress to protect investors from accounting errors and fraudulent practices by corporations.

Bankoh reports its fourth-quarter and full-year financial results Monday. Its stock rose $1.24, or 1.4 percent, to $88.27 Friday on the New York Stock Exchange.