Scott W. H. Seu is the current CEO of Hawaiian Electric Industries, Inc. (HEI), taking on the role from January 1, 2022. His journey with the company started back in 1993, and he's climbed up the ranks over the years,...

Scott W. H. Seu is the current CEO of Hawaiian Electric Industries, Inc. (HEI), taking on the role from January 1, 2022. His journey with the company started back in 1993, and he's climbed up the ranks over the years, holding various leadership positions. Before being named CEO of HEI, he was the President and CEO of Hawaiian Electric Company since February 2020. During his time, he has tackled significant challenges, especially during the difficult period of the Maui wildfires, leading the company through tough financial waters without receiving bonus incentives in 2023 due to these extraordinary community issues. Scott’s compensation reflects a focus on performance, with his 2023 total amounting to approximately $1.6 million, primarily from his salary and vested stock units. In 2023, he also realized gains of about $427,400 from stock vesting, showcasing his commitment to the company’s performance. With over 30 years dedicated to HEI, Scott’s experience deeply influences the company’s strategy and operations, positioning him as a pivotal figure in Hawaii's energy landscape.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Hawaiian Electric Industries CEOs

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Scott W. H. Seu

CEO of Hawaiian Electric Industries

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Utilities

Born

January 1, 1966 - 59 years ago

CEO of Hawaiian Electric Industries for

3 years 5 months (Jan 2022 - Present)

Previous Experience

Various leadership roles with Hawaiian Electric since August 1993; President and CEO of Hawaiian Electric since February 2020.

Rivals

Competitors/colleagues of Scott W. H. Seu

Holdings

See how much did Scott W. H. Seu make over time.

Scott W. H. Seu has significant holdings in Hawaiian Electric Industries, reflecting his deep-rooted commitment to the company. In 2023, he saw 15,140 shares vesting worth about $642,087. His position allowed him to realize gains from stock vesting, totaling over...

Scott W. H. Seu has significant holdings in Hawaiian Electric Industries, reflecting his deep-rooted commitment to the company. In 2023, he saw 15,140 shares vesting worth about $642,087. His position allowed him to realize gains from stock vesting, totaling over $427,000, mostly from shares awarded in prior years. At the end of 2023, his total holdings included approximately 28,234 shares, showcasing his long-term investment in HEI. Throughout his career, his holdings fluctuated as he transitioned into higher roles, with recent years indicating a strong focus on aligning his financial interests with HEI's performance. This strategy reflects his dedication not just to leading the company but also to being invested in its long-term success and stability.

Mar 18, 2025

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shares

HE @ $11.01

Insider Trading

See recent insider trades of Scott W. H. Seu.

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9,894 shares

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Feb 9, 2024

Received

HE

22,614 shares

HE

Feb 10, 2023

Received

HE

14,955 shares

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Feb 11, 2022

Received

HE

959 shares

HE

Feb 19, 2021

Received

HE

8,946 shares

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Feb 9, 2021

Received

Compensation History

See how much did Scott W. H. Seu make over time.

In 2023, Scott W. H. Seu's total compensation was about $1.6 million, made up of a base salary of $958,333 and vested stock valued at approximately $642,087. Notably, he did not receive any bonus due to the extraordinary challenges faced by the community following the Maui wildfires, which influenced company performance metrics. His bonus package is typically tied to the company’s operational success, emphasizing a performance-based approach. In 2022, his overall compensation was higher at $1.75 million, including a performance-based bonus that year. Scott's compensation package highlights the company's aim to align executive pay with company performance, particularly during times of challenge and recovery, making his financial stake linked to the success of Hawaiian Electric during difficult periods. This structure showcases a commitment not just to immediate gains, but to the long-term vision and stability of the company.

Year

2023

Total Compensation

$1.60M

Salary

$958.33K

Board Justification

The compensation philosophy aligns with company performance, focusing on attracting, retaining, and motivating executives while balancing short-term and long-term objectives.

Bonus

$0.00

Board Justification

No annual incentive payments were made to the Company’s named executive officers for 2023 due to extraordinary challenges faced by the Utility’s Maui customers and the entire Maui community following the Maui wildfires and the Company’s financial challenges.

Other

$0.00

Board Justification

Restricted Stock

$642.09K(15.14K RSU)

Board Justification

15,140 RSUs vested in 2023, which are paid out in three equal installments over three years, beginning with the first installment in 2024.

Performance Metrics

Performance metrics for 2023 included HEI Consolidated Net Income, Utility Operations, and ASB Return on Assets.

Other Hawaiian Electric Industries CEOs

Here are other CEOs of Hawaiian Electric Industries

Constance H. Lau

Ex-CEO of Hawaiian Electric Industries

May 2006 - January 2022