Isle finance exec
suddenly quits

Wendell Pang leaves the
parent firm of Finance Factors
in a surprise move

By Rick Daysog
Star-Bulletin

The president and chief executive officer of Finance Enterprises Ltd., one of the largest locally owned financial service companies, has stepped down.

In a surprise move, Wendell Pang yesterday resigned from Finance Enterprises, the holding company for Finance Factors Ltd. and Grand Pacific Life Insurance Ltd., after assuming the company's helm in March.

Pang, 52, left to pursue personal business interests, which the company declined to specify. Pang could not be reached for comment.

The company said it is in the process of selecting an executive to will fill Pang's position on an interim basis.

"He has served us well in the 25 years he has been with the family of companies however it is his desire now to turn his attention to interests of his own," said former Sen. Hiram Fong, chairman and co-founder of Finance Enterprises.

An attorney by training, Pang is the son of Dr. L.Q. Pang, who is one of the company's co-founders. Pang replaced former chief executive Clifford Yee, who passed away in February.