Hawaiian Electric Industries Hires Utility Bankruptcy Expert As CFO
September 20, 2023
A utility dealmaker with experience in mergers, restructuring and bankruptcy will become chief financial officer for Hawaiian Electric Industries next month as HEI and its subsidiaries address legal, financial and political issues related to the deadly Maui wildfires.
HEI plans to pay investment banker Scott DeGhetto more than $1.5 million for a 15-month gig as the company’s executive vice president, chief financial officer and treasurer. Compensation includes an annual base salary of $600,000, a $600,000 signing bonus and $250,000 in moving expenses, plus eligibility to receive other benefits, the company said in a news release.
