Hawaiian Electric Industries, Inc. announced Paul K. Ito will resign as Executive Vice President and Treasurer of Hawaiian Electric Industries, Inc. (HEI) effective as of October 1, 2023. HEI?s current plan is for Mr. Ito to return and resume his present role at HEI on or about January 1, 2025. To temporarily replace Mr. Ito as CFO of HEI, Scott DeGhetto (60) was appointed Executive Vice President and Treasurer of HEI effective October 1, 2023.

HEI currently plans for Mr. DeGhetto to serve in this role until on or about January 1, 2025, and then serve in an advisory capacity through April 1, 2025. For the past 12 years, Mr. DeGhetto has served as Managing Director of Power, Utilities and Renewable Energy at Moelis & Company. Prior to joining Moelis & Company, Mr. DeGhetto served as Co-Head of the Power & Renewable Energy Group at Credit Suisse.

He has also held Managing Director roles at J.P. Morgan in the Power and Pipeline Group and at UBS in the Global Utilities group. Mr. DeGhetto began his career as an engineer at Public Service Electric & Gas. Scott holds a Bachelor of Science in Electrical Engineering from the University of Rochester and a Master of Business Administration from the Stern School of Business at New York University.