Central Pacific Financial Corp. (CPF) and Central Pacific Bank (CPB), announced the appointment of Christopher T. Lutes as director of the boards of CPF and CPB. The appointment is effective March 1, 2018, and will increase the number of directors on both boards from eleven to twelve. Lutes has over twenty years of experience in the financial services industry in the executive and chief financial officer capacities. He is currently the Chief Financial Officer of Elevate Credit Inc. He has been the Chief Financial Officer at Elevate and its predecessor company since 2007. Prior to joining Elevate, Lutes was the Chief Financial Officer for Silicon Valley Bank from 1998-2001. He began his career in public accounting with Coopers & Lybrand.