Hawaiian Electric Company announced Tuesday that president and CEO Richard M. Rosenblum has notified the company that he plans to retire within a year.
Rosenblum has served as Hawaiian Electric’s president and CEO and as a member of the company’s board of directors since 2009. He joined the company after a 32-year career at Southern California Edison.
“While I’ve shared my future retirement intentions to allow ample time for a smooth transition, I’m committed to completing the development of our plans for the next phase of our clean energy transformation,” Rosenblum said in a press release.
Tuesday’s news comes in light of the Public Utilities Commission (PUC) telling HECO that the company was not moving fast enough to lower utility rates and connect more photovoltaic systems into the grid.
Beginning earlier this month, the PUC gave HECO up to 120 days to come up with a more comprehensive strategy to achieve those goals.