Central Pacific Financial Corp., parent company of Central Pacific Bank, announced a realignment of its executive management team for both CPF and CPB.
Lance A. Mizumoto, previously executive vice president and chief banking officer, was appointed president and chief banking officer; and A. Catherine Ngo, who had been executive vice president and chief administrative officer, has been appointed president and chief operating officer.
John C. Dean, who had been president and chief executive officer, is now chairman and chief executive officer. Crystal K. Rose, former chair of the board of directors, will become the lead independent director on both the CPF and CPB boards.
Mizumoto will oversee the organization-wide strategic direction and management of all lines of business, including commercial banking, commercial real estate, retail banking, residential mortgage and wealth management. He has been with CPF since 2005, and has over 30 years of experience in the financial services industry, primarily in commercial banking. Mizumoto graduated from the University of Hawai‘i and received his master’s in business administration from Chaminade University. He serves on the boards of the Chamber of Commerce of Hawaii and Diamond Head Theatre, and as a Chaminade University regent.
Ngo will oversee all aspects of the company’s non-line operations, including the administrative, operational and risk management functions. Ngo has been with CPF since 2010 and has over 20 years of executive experience in the banking and private equity industries.
“In furtherance of our plan for a seamless executive succession, we are fortunate to have John’s (Dean) commitment to continue as CEO for up to two more years, and his willingness to remain as chairman beyond that period,” said Rose. “We currently have a strong executive management team, and this realignment should further strengthen our organization over the longer term.”