Plotts named toA state judge has reappointed local business executive Diane Plotts to the board of the Kamehameha Schools.
4-year term on
She was first named to the
board last year, and her term
was to expire in January
By Rick Daysog
Probate Judge Colleen Hirai approved a four-year term for Plotts, whose appointment as trustee of the $6 billion charitable estate was set to expire in January.
Plotts, a former general partner with Hemmeter Development Corp. and a member of Hawaiian Electric Industries Inc.'s board, initially was appointed in November to a one-year term as a Kamehameha Schools trustee by former Probate Judge Kevin Chang.
At that time, Chang also appointed attorney Douglas Ing, Hawaiian navigator Nainoa Thompson, American Savings Bank executive Constance Lau and retired Adm. Robert Kihune to the trust's board under staggered terms.
The appointment of the five permanent trustees, along with the hiring of Hamilton McCubbin as the trust's chief executive officer, were part of the sweeping reforms initiated at the trust in response to a three-year legal battle with the state and the Internal Revenue Service.
As a trustee, Plotts' annual pay is capped at $97,500 a year, a sharp drop from the $1 million a year paid to past board members during the height of the campus controversy.
Bishop Estate Archive