HONOLULU (HawaiiNewsNow) - The Chief Executive Officer of First Hawaiian Bank announced he will retire at the end of the year.
Don Horner, 61, will retire from the bank, but will continue to serve as its chairman.
Succeeding Horner as CEO will be First Hawaiian Bank President and Chief Operating Officer Bob Harrison.
Ray Ono, who serves at the company's Vice Chairman and Chief Banking Officer, will assume Harrison's title as COO.
"These moves ensure an orderly transition and are part of our strategic succession planning process. Our bank has a history of promoting from within to ensure that our culture, commitments, and core values are well maintained," Horner said. "I have been blessed with a long and fulfilling 33-year career with the bank. There comes a time when we need to turn the reins over to the next generation of leaders. I am confident that the bank's highly experienced and dedicated management team and staff will continue to build on the bank's 153-year history of achievement under Bob's leadership."
Horner will continue to be involved in bank strategy and oversight. He also said that he is looking forward to continue to serve and invest in the community.
Harrison's position will go into effect Jan. 1, 2012.