Central Pacific Financial Corp. Appoints Jonathan B. Kindred to Board Of Directors

HONOLULU, HI | November 1, 2021 – Central Pacific Financial Corp. (NYSE: "CPF", the "Company), parent company of Central Pacific Bank ("CPB", the "Bank"), today announced the appointment of Jonathan B. Kindred as director of the boards of CPF and CPB. The appointment is effective November 1, 2021 and will increase the number of directors on both boards from eleven (11) to twelve (12). The announcement was made today by Paul Yonamine, CPF Chairman and CEO.

Kindred, 60, has over thirty-five (35) years of global experience in the financial services industry. He is currently Managing Member of KR Consulting LLC, a professional services consulting firm located in Lahaina, Hawai‘i. From 1983 to 2019, he was employed at Morgan Stanley in a career spanning multiple roles in New York, London, and Tokyo. Most recently, he served as President & Chief Executive Officer of both Morgan Stanley Japan Holdings Co., Ltd., and Morgan Stanley MUFG Securities Co., Ltd., a position he held from 2007-2019. During this time, he also served as a member of Morgan Stanley’s Management Committee.

Kindred previously served as Chairman of the International Bankers Association of Japan from 2011 - 2017. He was also a Director of the U.S.-Japan Business Council, a Director of the Japan Society of New York, and a member of the Tokyo Metropolitan Government’s Advisory Panel on Global Financial City Tokyo.

“We are pleased to welcome someone of Jon’s stature to our boards of directors,” said Yonamine. “He brings with him an extremely valuable depth and breadth of knowledge of the financial services industry that includes Asia, Europe as well as the Continental United States and Hawai‘i."

Kindred is a graduate of The Wharton School at The University of Pennsylvania where he was a Benjamin Franklin Scholar and received a Bachelor of Science degree (magna cum laude) in Economics. He is a Director, and former Chair, of Hawai‘i Contemporary, a non-profit arts organization which stages the Hawai‘i Triennial.

"Jon is a recognized leader in financial services as well as having a track record of giving back to the community, a value we embrace at CPB,” said Catherine Ngo, CPF President. “Our new team will rely on him for his advice and counsel as we continue to pursue our core business strategies and digital first adoption program.”

The other directors of both the Company and the Bank include:  Paul Yonamine, Chairman and CEO of CPF, Executive Chairman of CPB; Christine H. H. Camp, President and CEO of Avalon Group LLC; Earl E. Fry, former Chief Customer Officer and Executive Vice President, Operations Strategy of Informatica Corporation; Wayne Kamitaki, CEO of Maui Varieties, Ltd.; Paul J. Kosasa, President and CEO of MNS, Ltd., dba ABC Stores; Duane K. Kurisu, Chairman and CEO of aio, LLC; Christopher Lutes, Chief Strategy Officer of Elevate Credit, Inc.; Colbert M. Matsumoto, Chairman of the Board of Island Holdings, Inc.; Catherine Ngo, President of CPF, President and CEO of CPB; Saedene K. Ota, Owner and Creative Director of Sae Design, Inc.; Crystal K. Rose, Partner of Bays Lung Rose Holma.