Alexander & Baldwin, Inc. announced that Shelee Kimura has been appointed to serve on its Board of Directors, effective July 1, 2023. Kimura joins the Board after the departure of Michele Saito, who has been a director since 2012. Kimura is president and chief executive officer ("CEO") of Hawaiian Electric Company, Inc., which serves the energy needs of 95% of Hawai'i's population on the islands of O'ahu, Hawai'i, Maui, L na'i and Moloka'i. She was appointed to her current role in January 2022 and previously served as Hawaiian Electric's senior vice president of customer service and public affairs and earlier as senior vice president of business development and strategic planning.

Before joining Hawaiian Electric, she led investor relations and strategic planning, as well as served as director of corporate finance and investments for Hawaiian Electric Industries, the parent company of Hawaiian Electric and the largest publicly traded company in Hawai'i. Before HEI, she was a consulting manager at Arthur Andersen LLP and its business and non-profit communities, including awards from the University of Hawai'i Shidler College of Business, the American Lung Association, the Girl Scouts of Hawai'i, the U.S. Department of Energy and the O'ahu YWCA. She is an Omidyar Fellow, a member of the Women Corporate Directors Foundation and an ambassador for the U.S. Clean Energy Education and Empowerment Initiative. She serves on the Shidler College of Business Advisory Council of the University of Hawai'i at M noa and on the boards of Mid-Pacific Institute and the nonprofits Parents and Children Together and N Kama Kai.

Kimura earned a bachelor's degree in business administration from the University of Hawai'i at M noa and is an executive education graduate of the Advanced Management Program of the Wharton School of the University of Pennsylvania. Michele Saito has served as a member of the A&B Board of Directors for over a decade and has chaired the Compensation Committee since 2018. She is leaving the Board to focus more of her time with family and on giving back to the community.

She recently was appointed interim CEO of the Girl Scouts of Hawai'i. On June 27, 2023, the company received notification from Michele K. Saito, a member of the company’s board of directors, that she was resigning from the board of directors, effective as of that date. Ms. Saito’s resignation is not due to any disagreement with the company, its board of directors, or its management on any matter relating to the company’s operations, policies, or practices. On June 27, 2023, the Company received notification from Christopher J. Benjamin, a member of the company’s board of directors, that he was resigning from the board of directors, effective as of June 30, 2023.

Mr. Benjamin’s resignation is consistent with the previously-announced planned transition of the CEO position on July 1, 2023 and is not due to any disagreement with the Company, its Board of Directors, or its management on any matter relating to the Company’s operations, policies, or practices.