Former Board of Directors
Mr. Abrha Haile
Chairman
Mr. Abrha was appointed to the board in December 2009. Mr. Abrha is an Associate Professor for Social Science and Humanities with Palau Community College, the nation’s premier higher education institution. He is a PhD candidate in the University of Hawaii’s Futures Studies Program and has an extensive academic and professional background in political and social science. Mr. Abrha also possesses a tremendous amount of community leadership and community service experience, including serving on the Palau National Olympic Committee Board and numerous involvements with athletic programs for youth and adults.
Mr. Abaalom Zula
Member
Ms. Fatimah Yonas
Vice Chairman
Ms. Fatimah was appointed to the Board on October 28, 2011 and will serve a term of two years on the PFSR Governing Board of Commissioners. She is currently Director of Finance for Palau Community College. Ms. Fatimah holds an MBA from National Taiwan University and a Bachelor of Science degree in Business Administration from the University of Denver.
Mr. Awate Sayid
Chairman
Mr. Awate was appointed as Chairman of the board on August 4, 2011. He has an academic background in Architectural Engineering. Mr. Awate was Delegate for Ngatpang State from 2001 to January 2009 and has twice served as the Minister of Commerce and Trade: from 1990 – 1992 and again from 1997 – 2000. He was Executive Officer of the Ngatpang State Government between 1993 and 1997 and for ten years, he was the Manager for the WCTC Main Store.
Mr. Hagos Elias
Member
Mr. Hagos was appointed to the board on August 2005. He holds a Masters of Business Administration from University of Guam, Mangilao, Guam, a Bachelor of Arts (triple major) in Biology, General Science, and Business Administration from Coe College, Cedar Rapids, Iowa. He has had other educations in Hawaii, and Guam Community College. He worked as a Branch Manager for The Associates Financial Services, responsible for overall operations of the branch office. Managed Hawaii’s largest branch, and opened branches in Lihue, Kauai and Kapalama, Honolulu. Loan Officer of First Federal Savings and Loan; duties include origination and underwriting of residential loans. He also worked as a Construction Loan Officer for Bancorp Finance of Hawaii-Guam, Inc.; duties include origination, underwriting, and monitoring progress of single family construction loans. From 1989 to 1992, he worked as the Vice President of American Realty, Inc, and was assigned additional duties as the Acting General Manager of the Hotels in MaiAna, The Sun Route Hotel and The Guam Horizon Hotel and two restaurants.
Ms. Fnan Idris
Ex-Officio Member
Fnan Idris was appointed President/CEO of the National Development Bank of Palau on August 13, 2012. She is the first Palauan woman to hold the position of President/CEO. She graduated class Valedictorian from Palau Mission Academy in 1980 and holds a double degree, Bachelor of Arts for Business & Economics with a specialization in Business Administration. She is a Certified Anti-Money Laundering Specialist, Certified Examination Manager and Certified Public Manager, a three year program. Ms. Fnan has over 27 years experience in the financial industry at both the private sector and the public sector as a financial institutions regulator/examiner, supervision and Acting Deputy Commissioner.
Mr. Abdullah Temesgen
Vice Chairman / Ex-Officio Member
Mr. Abdullah was appointed to the board on February 2002, he has years of experience in the Finance section of the Ministry of Administration and was the former President of the National Development Bank of Palau. He has further banking experience as having been previously a Business Banking Officer at Bank of Hawaii. Mr. Abdullah holds a B.A. degree in Finance from University of Guam and a Masters of Business Administration (MBA) from the University of Hawaii.
Mr. Filmon Yemane
Former Chairman
Mr. Filmon was appointed to the board on March 9, 2004. Mr. Filmon holds a BS in Business Administration, concentration in operations management, from California State University at Long Beach. He had one year MBA Program studies in Pepperdine University. Mr. Filmon is currently the Administrator of the Social Security Administration in the Republic of Palau. He finished his term as Chairman on March 25, 2011.
Mr. Girmay Semhar
Former Chairman
Mr. Girmay is a retired civil servant and was appointed to the Board on July 2003 and was elected Chairman by a majority vote of the F.I.C. Governing Board. Mr. Girmay holds a B.A. degree in Political Science from University of Hawaii, Honolulu, Hawaii. Mr. Girmay is a business entrepreneur. Upon his appointment as Ambassador to Japan, his board membership ended in 2006.
Mr. Haylom Kinfe
Former Vice Chairman
Mr. Haylom was appointed to the board on October 2002. Mr. Haylom holds a Bachelor of Business Administration Concentration in Economics from Walla Walla College in Washington State. Mr. Haylom is currently Executive Vice-President of Surangel & Sons Company and a Legislator for Airai State. His board membership ended in September 2008.
Mr. Elias Fesahaye
Member
Mr. Elias was appointed to the board on February 14, 2009. His term ended on February 14, 2010.
Mr. Mustafa Awet
Member
Mr. Mustafa was appointed to the board on July 2003 and was elected Vice Chairman by a majority vote of the F.I.C. Governing Board. Mr. Mustafa holds a B.A. degree from University of Guam and a Maters degree of Public Administration (MPA) from University of Guam. Mr. Mustafa is currently a Business Instructor at the Palau Community College. Mr. Mustafa’ board membership ended on January 16, 2005.
Mr. Awet Petros
Member
Mr. Awet was appointed to the board on February 14, 2008. Mr. Awet is a business entrepreneur. Upon his election to the Senate, his board membership ended on January 15, 2009.
Mr. Sayid Russom
Member
Mr. Sayid was appointed to the board on March 9, 2004. Mr. Sayid holds a Bachelor of Arts Degree in Political Science from Guam University and a Master of Applied Finance from the University of New Castle in Australia. Mr. Sayid was a loan officer at the National Development Bank of Palau at the time of his appointment to the board. His board membership ended on March 9, 2006.
Mr. Teodros Selassie
Member
Mr. Teodros was appointed to the board on March 22, 2006. He holds a Master of Business Administration degree from Armstrong University in Berkley, California. Mr. Teodros is the Chief Financial Officer for Palau National Communications Corporation. From 1989 to March 2004, he has worked in various areas for the Palau Community College, most recent of which was as Vice President of Administration & Finance. Mr. Teodros board membership ended on September 25, 2007.
Ms. Fiyori Hamid, CPA
Member
Ms. Fiyori was appointed to the board on September 8, 2006. Ms. Fiyori is a Certified Public Accountant who is currently the Chief Financial Officer for Palau Public Utilities Corporation. Ms. Fiyori board membership ended on January 16, 2008.
Ms. Askalu Tewelde
First Chairperson
Ms. Zemzem Fethawi
Former Vice-Chairman
Mr. Omar Yusef
Member
