Guam – Two Guam business executives have been retained to serve on the board of directors of GTA TeleGuam after the company’s successful ownership transfer.
A third original GTA TeleGuam board member and four new representatives from the new owner were also was named to the board, the company announced Wednesday.
Peter Gill, founder and owner of KwikSPACE Guam Inc., and Lourdes Leon Guerrero, president, CEO and chairwoman of Bank of Guam, will continue serving on the GTA TeleGuam board as independent directors. Also named to stay on as a board member is retired U.S. Navy Admiral Thomas Fargo, chairman of Huntington Ingalls Industries (NYSE: HII), America’s largest military shipbuilder.
All three along with Dan Moffat, president and CEO of GTA TeleGuam, had been on the GTA TeleGuam board of directors before the company’s ownership transfer to funds served by Advantage Partners LLP, (AP Funds), the largest private equity firm in Japan.
Moffat will retain his seat on the GTA TeleGuam board of directors. He stepped down as president and CEO of GTA TeleGuam effective Sept. 12 to focus on dealing with family health issues stateside.
“As independent directors prior to the ownership transfer, Admiral Fargo, Peter Gill and Lou Leon Guerrero provided invaluable insight and guidance for balancing the interests of all GTA TeleGuam stakeholders including our investors, customers and employees,” Moffat said. “These business leaders know and understand how to successfully run a business in Guam and help maintain GTA TeleGuam’s growth momentum in a competitive environment under new ownership.”
After the ownership transfer last month, GTA TeleGuam also appointed four representatives from Advantage Partners (AP) to serve on its new board of directors. They are: Richard Folsom, representative partner and co-founder; Atsushi Akaike, partner; Emmett Thomas, partner and head of Asia for AP, and Ichiro Otobe, principal. Folsom, Akaike and Otobe are based in Tokyo. Thomas is based in Hong Kong.
Collectively, the four representative board members from Advantage Partners bring extensive knowledge and experience in corporate strategy building, business unit strategy and business development in various industries as well as foreign and domestic corporations.
Local board member Gill grew up in Guam, attended Saint Francis School in Yona and is a 1976 graduate of Father Duenas Memorial School. He earned his bachelor’s degree in 1981 at Marquette University in Milwaukee, Wisc.
In addition to operating KwikSPACE, Gill is chairman of the board for the Guam Department of Labor and treasurer of the Saint John’s School board of trustees. He also previously served on the Guam Land Use Commission. He and his VA Hospital chief psychiatrist wife, Joan, have two children and reside in Piti.
Leon Guerrero was born and raised on Guam. She graduated from Academy of Our Lady of Guam, earned a bachelor’s degree in nursing from California State University in Los Angeles, a master’s degree in public health from UCLA, and graduated from the Pacific Coast Banking School out of University of Washington. Leon Guerrero is a five-term former Guam senator. She and her attorney husband, Jeff Cook, have two children and reside in Tamuning.
Admiral Fargo was the twentieth officer to hold the position of Commander of the U.S. Pacific Command. As the senior U.S. military commander in East Asia, the Pacific and Indian Ocean areas, he held the largest unified command while directing the joint operations of the Army, Navy, Marine Corps and Air Force.
In addition to his seat on GTA TeleGuam board of directors, Admiral Fargo also serves on the boards of directors for Hawaiian Electric Industries (NYSE: HE) and United States Automobile Association.
Admiral Fargo was born in San Diego and graduated from the United States Naval Academy in 1970. He and his wife Sarah reside in Honolulu.
GTA TeleGuam completed its ownership change last June 10.