Taking Notice
NEW JOBS
>> Richard C. Keene has been named executive vice president and controller at Bank of Hawaii. He will be responsible for all accounting functions at the bank, including oversight of management accounting, financial accounting and financial and regulatory reporting. Keen most recently worked for Web site MaxRate.com.>> The Outrigger Wailea Resort has named Kevin Wills director of food and beverage. He will be responsible for all food and beverage outlets at the hotel, including banquet services, in-room dining and the hotel luau. Wills previously served as director of food and beverage at a resort and casino in Mississippi.
>> Sabrina R. Toma has been named division senior counsel of Kamehameha Schools' education legal division. She will provide legal counsel on issues relating to education and employment. Toma most recently practiced labor and employment law for 18 years at Torkildson Katz Fonseca Jaffe Moore & Hetherington. Also at Kamehameha, Cynthia K. Ching has been hired as senior counsel in the endowment legal division and will provide legal counsel on real estate matters. Most recently, she was vice president and manager of First Hawaiian Bank's trust real estate services department.
>> Architect Wesley N. Ujimori has been named an associate at Group 70 International Inc. He has experience in institutional, commercial and residential design as well as construction administration and management of projects in Hawaii and California.
>> The Renaissance Wailea Beach Resort has named Rick Nagaoka director of sales at the property. He has more than 13 years of hospitality experience and has served in various positions at a number of Maui hotels.
>> Hilton Hawaii has named Karen Winpenny regional director of public relations. She will be responsible for internal and external communications including gaining media exposure for Hilton's three Hawaii properties: the Hilton Hawaiian Village, the Doubletree Alana Waikiki Hotel and the Hilton Waikoloa Village. Winpenny was most recently the public and professional education coordinator for the state Department of Health's Healthy Hawaii Initiative. Also at Hilton, Keni Sumpter was hired as director of sales at the Doubletree Alana. He has worked at the Turtle Bay Resort for the past 14 years, leaving as assistant director of sales.
PROMOTIONS
>> Valerie Ishihara has been named chief operating officer at Laser Eye Center of Hawaii LLC. She will be responsible for developing and implementing the firm's goals and strategies and managing the operations, finances, marketing and human resources at the company. Ishihara previously served as administrator at Laser Eye Center.>> Tom Simmons has been promoted to vice president of Power Supply at Hawaiian Electric Co. He will be responsible for all operations and maintenance at Oahu's generating facilities, the Environmental, Planning and Engineering Departments and the Fuel and Power Purchase Divisions. Simmons has been with HECO since 1967.
>> Bank of Hawaii has promoted the following individuals to senior vice president at the bank: Kevin Baptist, senior vice president and neighbor island regional sales manager; Peter M. Biggs, senior vice president and consumer deposit manager; Darlene N. Blakeney, senior vice president and Hawaii Commercial Banking Center manager/Pacific Century SBIC president and manager; Jeanine M. Brelsford, senior vice president and financial accounting manager; and Lisa Burgin, senior vice president and brand, advertising and client experience manager.
>> Loomis Fargo & Co has appointed Karen F. Coady Hawaii operations manager. She will supervise operations in the Honolulu, Kona, Hilo, Kauai and Maui offices of the armored car service. Coady was most recently operations manager for the neighbor islands. She has been with Loomis Fargo & Co. for seven years.
>> Carolyn K. Gugelyk has been named partner at Goodsill, Anderson, Quinn and Stifel LLP. Gugelyk, who specializes in labor and employment law, has been a member of the firm since 1994.
>> Stella N. Kimura has been promoted to regional director of finance for Hilton Waikoloa Village on the Big Island and Waikiki's Doubletree Alana Waikiki Hotel. She had served as manager of financial operations for Hilton Hawaiian Village Beach Resort & Spa since February 2000.
ON THE BOARD
>> Local jeweler Michael Parker has been elected to the board of directors of Jewelers of America, the national trade association for retail jewelers. Parker is president of Michael's Fine Jewelry Ltd. in Aiea.
RECOGNITION
>> The following members of the Society for Human Resource Management Hawaii Chapter were awarded national certification as either a professional or senior professional in human resources: Sachiko T. Burke, PHR; Jason S. Choy, PHR; John H. Davis, SPHR; Christine D. Escobar, SPHR; Alan Hikida, PHR; Celeste S. Kato, PHR; Kori N. Keane, PHR; Karen M. Taira, PHR; Cathy-Ann C. Tanaka, PHR; Doreen C. Tavares, PHR; Lynette K. Tsukamoto, PHR; and Emily T. Weaver, SPHR. Recognition is granted by the Human Resource Certification Institute to human resources professionals who successfully complete a comprehensive exam and demonstrate work experience in the profession. There are more than 120 certified human resource professionals in Hawaii.BACK TO TOP
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Continental CEO earned $1.8 million in 2001
HOUSTON >> Continental Airlines chairman and chief executive Gordon Bethune earned about $1.8 million in salary and bonuses last year despite waiving compensation in the fourth quarter.But he still was paid $838,150 in salary, $967,320 in bonuses and got a $2.3 million payout from the company's long-term incentive plan, the Houston-based airline said in a proxy filed with the Securities and Exchange Commission.
Bethune waived his salary and bonuses from Sept. 26 to Dec. 31 after the Sept. 11 terrorist attacks left the airline industry flailing. Continental, the nation's fifth-largest airline, was the first to announce thousands of layoffs in the wake of the attacks.
The proxy said Bethune would have earned at least $1 million last year had he not waived compensation.
Amazon.com says CFO will resign this year
SEATTLE >> Amazon.com Inc., the largest Internet retailer, said Chief Financial Officer Warren Jenson plans to resign later this year, Bloomberg News reported.Jenson has been Amazon.com's CFO since September 1999, after leaving Delta Air Lines Inc. as its top financial officer. Jenson will stay on for several months to recruit a successor, the Seattle-based company said.
Top Coke executive got raise of 16 percent
ATLANTA >> Coca-Cola shareholders lost ground in 2001, but Chairman and Chief Executive Officer Doug Daft still notched a big gain.Daft's annual compensation totaled $5.1 million in 2001, up about 16 percent from $4.4 million the year before. Coke's board also revamped a long-term incentive plan for Daft. It now allows him to meet lower targets and collect up to 1 million shares of stock after five years.
Daft is trying to rekindle Coke's fortunes, and the board expressed optimism about his performance. Details of his compensation, including options or awards that involve 2 million shares, were among many bits of news included in Coke's annual proxy statement. Coke stock declined 22.6 percent in 2001.
Eli Lilly cut Taurel's bonus by 68% in '01
INDIANAPOLIS >> Eli Lilly & Co. cut Chief Executive Officer Sidney Taurel's bonus by two-thirds last year as sales plunged for the antidepressant Prozac, Bloomberg News reported.Lilly gave Taurel a bonus of $474,400 in 2001, down from $1.49 million a year earlier. Taurel's long-term incentive payouts were cut to $2.15 million last year from $3.01 million in 2000, the company said in a regulatory filing. Taurel made $1.39 million in salary last year, compared with $1.30 million in 2000. His other compensation rose to $311,500 from $249,500.
Taurel asked that his 2002 salary be cut to $1 to reflect the expected reduction in Prozac sales. No Lilly employees will receive pay raises this year, and managers won't get any bonuses or stock grants.
Honeywell CEO gets $3.4 million salary, bonus
TRENTON, N.J. >> Honeywell International's new top executive, David M. Cote, will earn a base salary of $1.5 million a year and get a bonus of at least $1.88 million this year, documents show.Cote became president and chief executive officer of the struggling aerospace and security technology company two weeks ago. He replaced Lawrence A. Bossidy.
Lehman CEO Fuld earned $16 million in 2001
NEW YORK >> Lehman Brothers Holdings Inc. paid Chairman and Chief Executive Officer Richard Fuld $16 million last year, down 43 percent from 2000, as the securities firm's profit slumped 29 percent, Bloomberg News reported.Fuld received a salary of $750,000, a cash bonus of $4 million and restricted stock valued at $6.8 million. He also got options to buy shares now worth $4.5 million.
Daewoo Shipbuilding wins $640 million order
SEOUL >> Daewoo Shipbuilding & Marine Engineering Co. said last week it has won a $640 million order to build four liquefied natural gas carriers for a Norwegian company.The contract, awarded by Bergesen Dy Asa of Norway, will require Daewoo to deliver the first ship by the first quarter of 2005 and the last ship by the first quarter of 2006, the South Korean company said in a news release.
The ships, capable of carrying 140,500 cubic meters of LNG each, will be chartered to Nigeria Liquefied Natural Gas Ltd., it said.
Daewoo is the world's second-largest shipbuilder after South Korea's Hyundai Heavy Industries. Its total orders last year amounted to $3.2 billion for 38 ships.
Ireland slaps fee on plastic grocery bags
DUBLIN, Ireland >> Ireland slapped a 13-cent-per-bag surcharge on plastic shopping bags last week, a measure lauded by environmentalists but decried as a rip-off by many struggling Dublin residents."They'll be taxing my underpants next because they're not white enough," grumbled Brendan Quinn, departing the Moore Street market with a bagful of eggs and sausages.
The tax seeks to address one facet of Ireland's problem with garbage. In recent months the government's Environmental Protection Agency has cracked down on a network of illegal dumps, some containing hazardous materials.