Bank of Hawaii in Honolulu will have a new leader in April.
The company said in a press release that Peter Ho will retire as chairman and CEO on March 31. Ho plans to remain a consultant to the company through the end of 2027.
James Polk, the company’s president and chief banking officer, will succeed Ho as CEO and join the board. Raymond Vara Jr., president and CEO of Hawai‘i Pacific Health and Bank of Hawaii’s lead independent director, will become chairman.
“I’ve had the privilege of leading this wonderful organization with a vision of serving our employees, customers and communities to the fullest,” Ho said in the release. “Our success is built on a shared commitment to the values that unite us, and a legacy of trust and service that continues to guide us forward. I’ll depart confident that Bank of Hawai‘i is in exceptional hands under Jim’s leadership.”