Paul Yonamine, Chairman and CEO of Central Pacific Financial and Executive Chairman of Central Pacific Bank, and Catherine Ngo, President of CPF and CPB, announced the following executive leadership promotions, effective January 1, 2022: Arnold Martines, 57, from Executive Vice President and Chief Banking Officer of CPF and CPB to President and Chief Operating Officer of the two entities; David Morimoto, 53, from Executive Vice President of CPF and CPB, to Senior Executive Vice President of both entities; Kevin Dahlstrom, 50, from Executive Vice President and Chief Marketing Officer to Executive Vice President and Chief Strategy Officer of both entities. In addition, Ngo, 60, will be elevated to Executive Vice Chair of both the bank and holding company boards. She will continue to be a member of the Executive Committee that oversees the management of the bank. As President and COO, Martines will lead the day-to-day operation of the bank and will continue to serve on the Executive Committee.