HE · Hawaiian Electric Industries, Inc.

The departure of Scott T. DeGhetto as Executive Vice President and Chief Financial Officer — the company’s principal financial officer — represents a significant leadership change with direct implications for financial oversight, capital markets engagement, and strategic execution. His transition into a defined, one-year consulting role focused on debt and equity financing, corporate dispositions, and other market-related projects suggests continuity of institutional knowledge during a period of potential strategic activity. The compensation structure — comprising both recurring monthly fees and a substantial lump-sum Special Projects Fee — reflects the value placed on his expertise in complex financial matters, while the explicit linkage of fee proration to termination conditions underscores contractual precision. Notably, this arrangement is additive to the $800,000 previously approved for consulting services through March 1, 2027, indicating layered financial commitments tied to his post-executive involvement. Investors should monitor the appointment of a permanent successor and assess how the scope and outcomes of the consulting engagement align with near-term capital allocation priorities or transactional initiatives.