Hawaiian Electric Co. (HECO) said the utility's president and CEO, Richard M. Rosenblum, notified the company of his plans to retire within a year.
Rosenblum, who turned 64 last month, has served as Hawaiian Electric's president and CEO and as a member of the company's board of directors since 2009. He joined Hawaiian Electric after a 32-year career at Southern California Edison (SCE).
"In 2008, I made the decision to come out of retirement for the challenge of leading an organization embarking on an unprecedented slate of clean energy initiatives," said Rosenblum. "Today, thanks to collaborative efforts with many partners, our utilities are meeting more than 18 percent of our customers' energy needs with renewable energy, compared to just 8 percent in 2008. We lead the nation in rooftop solar photovoltaic systems per customer, and we're broadly recognized as an industry leader in the integration of renewable energy.
HEI supplies power to about 450,000 customers or 95 percent of Hawaii's population through its electric utilities, Hawaiian Electric Co., Hawaii Electric Light Co. and Maui Electric Co.